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Local officials say the rapid development of the digital economy and big data industry will inject new momentum into the regional economy.

Local telecom administrators are required to step up management of voice communication services provided by telecom and internet companies, and heighten oversight of call centers.

Looking ahead, analysts said that banks need to adopt a balanced and prudent growth model and should be prepared for external shocks such as the impact of the interest rate hikes by the US Federal Reserve.

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Livestreaming helps drive customer enthusiasm in spending. In 2019, e-commerce sales via livestreaming were 433.8 billion yuan, a 226 percent leap from a year earlier.

Local media on Tuesday reported that the DPRK was removing propaganda loudspeakers from the border area, in a bid to enforce the Panmunjom Declaration, and the ROK had also stopped its propaganda broadcasting days ahead of the Kim-Moon summit.

Located on the third floor of a three-story building to the southeast of the stadium, Wutong Plus can be accessed via an external elevator set within a glass curtain wall that leads to a dramatic gilded entrance. The restaurant's interior is separated into different areas by flowing lines, while a winding staircase connects the main dining room with its huge rooftop like a silk ribbon.

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Local residents in Hong Kong volunteer to clear roadblocks outside the University of Hong Kong on Nov 16, 2019. [Photo/Xinhua]

Local police have also seized more than 190 vehicles and a number of vessels used to smuggle refined oil, he said.

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Livestreaming e-commerce, an emerging trend in the consumption sector, is expected to continue its rapid growth and its market size to surpass 1 trillion yuan (7.5 billion) this year, according to a new report.

Local governments have also been expanding their pension investments. In 2016, local governments at different levels together contributed 66.8 billion yuan, a year-on-year surge of 79.6 percent.