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It was one of the approaches in the latest measures intended to improve the vitality of the private economy in a comprehensive way and vigorously promote its healthy development, according to the document, which was unveiled two days after President Xi Jinping said that China will unswervingly encourage, support and guide the development of the non-public sector and support private enterprises to develop toward a broader stage.

It said lenders should also waive account management fees and annual fees for clients who have only one account at a single bank.

It will be the highest growth rate till date in the transfer of payments to local governments and is aimed at safeguarding employment and people's livelihoods, as fiscal income is projected to decrease this year due to the COVID-19 epidemic, said Liu.

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It said in a statement Friday that China has emerged as a "true global tourism leader" both as a source market and as a leading destination in itself.

It took only five working days to issue the loan, which solved the company's financial difficulty and helped farmers sell their potatoes, said Wang Mingyu with the bank's branch in the city.

It was the first glimpse of a concept that the company has hinted at previously.?Brad Porter, vice president of robotics at Amazon, last week referenced the company’s work on “mobile ultraviolet sanitation” in a LinkedIn post that he wrote in response to the resignation of fellow VP Tim Bray over the company’s firing of employees who spoke out about the spread of COVID-19.

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It was heavier than the verdict by the lower court, which sentenced Lee to 15 years in prison. Prosecutors demanded a 20-year imprisonment with the fine of 15 billion won (12.6 million US dollars).

It showed there were 438 Chinese outbound merger and acquisition, or M&A, deals globally last year, an increase of 20 percent in 2015.

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It was even more important to adhere to the employment-first policy as the economy faced stronger downward pressure, he said, adding that the government must tighten its belt, prioritize ensuring public livelihood in its fiscal expenditures and ensure that pensions are issued on time and in full.

It will be part of the singer-songwriter's world tour in support of his self-titled album.