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Yan also noted that the policy of capacity reduction will remove the inffective and inefficient capacity with high costs and low competitiveness, which will improve the overall efficiency of resource allocation and capacity utilization, and optimize the sector's industrial structure and production layout.

Yang Jiacai was removed from the post of assistant chairman of China Banking Regulatory Commission.

Yang Jianfeng, CEO of Sesame World, a startup specializing in the research and development of directional sound system technology in Bandar Seri Begawan, said he hoped the visit would boost cooperation in science and technology.

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Yang Changxiao, an economist with brokerage firm Zhongtai Securities, attributed the consistent LPR to the absence of obvious liquidity tightening in the market and the fact that conditions at home do not justify a rush for monetary policy adjustment.

Year-on-year, the June figures also indicate that China and Japan decreased holdings by .3 billion and .3 billion respectively.

Yang had stood trial at the court in March 2016 after he was accused of the three criminal charges in September 2015.

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Xu said the system, which has been in development since August last year, can produce a wider range of signals than a traditional dog whistle, while the frequencies are also more precise.

Yang Delong, chief economist of First Seafront Fund, said that securities firms that are seen as market indicators have shown robust growth over the past few weeks. As the Chinese financial market is further opened up to foreign security firms, domestic companies are seen improving their competitiveness.

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Xu's company attaches great importance to exploring the African market where the demand for fertilizers is strong.

Xu said that Lisa Brown, director of the Department of Commerce in Washington state, commented that "this expo is the opportunity you can't miss if you want to connect with China, the world's second-largest economy and fastest growing consumer market".