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The aviation sector is also gearing up for a surge in domestic trips, according to the Civil Aviation Administration of China. Beijing's two airports－Capital and Daxing－expect to see nearly 3 million passenger departures and arrivals.

The automatic across-the-board cuts, known as "sequester," were established in the Budget Control Act of 2011. It intends to cut spending for federal agencies totaling .2 trillion during the decade ending 2021, when the law is set to expire.

The bankers paid extensive attention to strengthening risk management and internal controls in the face of an increasingly complicated business environment. Survey participants said among various types of risks, they worry most about credit risks.

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The bank will focus on nurturing new technologies to cope with climate change and work to leverage more private investment, he said.

The authors also found that Chinese investors "do not have a greater propensity than other foreign investors for moving R&D and other high-value added activities back to their home country post-acquisition".

The authorities are yet to ascertain the cause of the accident.

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The bank will also continue to accelerate innovation on financial products, marketing and risk management through technology.

The assessment evaluation indicators include business management, safety and social responsibility, according to the ministry.

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The average temperature in China in July was 22.9 C, 1 degree higher than the recent Julys. Extreme highs were recorded at 94 monitoring stations across the country, mainly in Gansu, Hubei, Jilin, Liaoning and Shandong provinces, and 24 stations registered record highs.

The aviation regulator said Boeing had not yet submitted its final software package to the agency for approval.