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Industry insiders say the move by the Japanese comes as the Chinese automobile market is keeping to its sustained growth momentum.

India, another emerging economy, imposes higher tariffs than China and is far more restrictive in market access and foreign investment, such as in the retail sector.

Indonesia beefed up security in the capital with about 31,000 policemen and soldiers during the inauguration ceremony, after over 40 alleged militants had been nabbed and scores of terrorist plots, including suicide bombings thwarted ahead of the inauguration, according to the police.

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In this context, Yiren Wealth will make more efforts to produce tailor-made wealth management for the mass affluent, with a combination of long-term and short-term targets and different types of investments, ranging from cash and fixed-income assets, to funds and insurance.

Industry leaders and much smaller enterprises also are increasingly adopting the concept.

Infrastructure

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In this way, such enterprises would be able to gradually cut their debt levels after their operations improve, contributing to debt reduction and overall economic stability, he said.

Income from value-added tax increased 8 percent year on year to 5.6 trillion yuan, while the corporate income tax and personal income tax both saw faster growth of 11.3 percent and 18.6 percent, respectively.

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Inbound tourism to the Chinese mainland continues to grow, the China Tourism Academy said in a report released on Wednesday.

In what will be the first-ever Zootopia-themed land at any Disney park worldwide, guests are expected to be immersed in characters from the hit film, like Judy Hopps and Nick Wilde, as well as vivid story-telling through attractions, entertainment, merchandise and food and beverage offerings.