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The fund, which may be launched in June, will seek to push forward the steel industry's restructuring and upgradation. It is expected to have 40 billion yuan (.88 billion) to 80 billion yuan in corpus initially.

The glass door of China Life Insurance building in Wan Chai was smashed by rioters, Jan 1, 2020. (PHOTO / CHINA DAILY)

The future of work is changing, the meaning of life evolving. But are we? Can we afford not to be?

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The fund, jointly initiated by social investors and government-industry funds, was established in the 5G Innovation Valley in Xiaoshan district in the city of Hangzhou, capital of Zhejiang on Dec 28.

The global index compiler said in a latest report that 11 percent of Chinese companies scored higher on ESG criteria over the past year.

The government will launch pilot programs for individuals suffering from occupational injuries while working in jobs created by new business models.

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The gala, which features "a long journey of Chinese culture," will be in Mandarin and aired by state broadcasters in 48 countries during the Chinese new year holiday season, also known as Spring Festival, according to the gala's director Zhang Lu.

The girl's uncle told Beijing Youth Daily the family has hired a lawyer and they want Cai to get "the most severe punishment" for what he did.

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The government is due to decide the future of its 40-day lockdown on Sunday. But it allowed migrant workers and other stranded people to resume their journeys on Wednesday, as well as some shops to reopen and manufacturing and farming to resume.

The foundation made the remarks at a recent forum on corporate social responsibility in Beijing.