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The quota for special-purpose bonds, a type of local government bond issued for infrastructure projects, may expand by 800 billion yuan from the quota in 2018, said a research note from Morgan Stanley.

The province shares a 2,981-kilometer border with Russia and is now taking full advantage of the Belt and Road Initiative and its unique geographical position to boost its business, economic and cultural ties with Russia.

The reform reflects the market demand for domestic and foreign currencies, which should also ensure that the exchange rate does not fluctuate significantly to lead to large capital flows.

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The proposal was unanimously approved at the cash-strapped State-owned carmaker's workers' meeting on Tuesday because of a "pay rise promise" and hopes of a turn in the company's fortunes for the better, according to Chinese-language newspaper Securities Daily.

The reform will involve the shareholding structure of its Shanghai-listed unit, China United Network Communications Ltd.

The recent drop in new claims is a huge improvement from the 6.9 million initial jobless claims filed in late March but unemployment remains significantly above the highest level prior to this year in records dating to the 1960s.

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The rapid growth may be attributable to its paths: adapting its Office suite to the Mac and the Linux operating systems, and more importantly, designing Office software for mobile devices.

The railway authority said earlier that a variety of intelligent robots will be used at high-speed rail stations to guide passengers and help them carry their baggage. In addition, cloud computing and big data will be adopted to accelerate the development of transportation in the area.

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The railway engineering company -- China Railway Guangzhou Engineering Group (CREC-GZ) completed the China-Laos Railway Muangxay No 1 Tunnel on Wednesday, 74 days ahead of schedule, along with Nam Nouan No 2 Tunnel and Ban Thin No 1 Tunnel in this December.

The province also plans to expand the Speech Valley, an industrial park forming part of the Hefei National High-Tech Industry Development Zone, to include more than 1,000 companies over the next three years.