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The move is in line with the government's measures begun late last year aimed at ensuring authenticity of outbound investment and to control risks.

The move is the follow-up to the hotelier's previous launch of a "Franchise Plus" model for the country in May 2016.

The move by the Medicare Fraud Strike Force involved "412 charged defendants across 41 federal districts, including 115 doctors, nurses and other licensed medical professionals," the DOJ stated.

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The move came amid increasing public outcry against rampant online and telecom fraud spreading across China, which has led to significant property losses and social instability.

The move comes just days after Bolivia's interim government declared on Monday two Spanish diplomats persona non grata and asked for their departure from Bolivia within 72 hours.

The move is believed to be Trump's effort to appeal to constituents who see illegal immigration as a top concern.

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The move promises to shift focus from government-to-government engagement in multi-billion infrastructure projects to private-to-private businesses that will sustain the implementation of the ambitious project, said Ngari. The chief executive revealed that this financing will be available to Chinese businesses investing in Africa and, in particular, Kenya.

The move would put Amazon in direct competition with Ticketmaster, the industry giant that controls much of the ticketing market in the U.S.

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The nation's telecom carriers will invest 180 billion yuan (.4 billion) in the 5G rollout this year, which will motivate telecom companies to invest more than 520 billion yuan in superfast wireless technology, a think tank affiliated with the Ministry of Industry and Information Technology forecast.

The move came after Xiaomi announced its Mi Credit lending service (and Mi Pay) to make its mark in the fintech space a few months ago. Another Chinese smartphone vendor OnePlus also revealed its plans to get into the payments services next year.