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The guideline suggests to effectively raise the accessibility of financing for private enterprises. [Photo/IC]

The governor said the progress is made through people's change of behavior. "Today's achievement is proof we know we can change, and we know we can change dramatically when we work together," he said.

The guideline aims to enable greater integration between budgets and performance management, and to improve efficiency of financial resource allocation and utilization.

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The growth was 0.2 percentage points slower from the January-September level. On a month-on-month basis, FAI in October rose 0.52 percent from that of September.

The history between Wuxi and the IoT can be traced back to 2008 when IBM suggested building a "smart planet", and when a growing number of cities set out to become "smart". Wuxi grasped the opportunity to take a new approach to its industrial restructuring.

The highway is designed for public transportation and electricity generation, Zhang Hongchao, a project designer and transportation engineer with Tongji University told China Central Television.

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The high level of corporate debt is a key issue for China, requiring the country to further push reform of State-owned enterprises in the next few years to ensure successful economic rebalancing, while allowing the economy to continue to grow relatively fast, Rodlauer said.

The growth of private medical institutions will effectively increase the supply of medical services, stimulate the potential of the market and unleash the potential of consumption in the service sector, the statement said.

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The growth rate was 0.3 percentage points lower than that at the end of July, but up 2.2 percentage points compared with the same period last year.

The growth rate of retail sales grew faster, by 10.1 percent, in rural areas than the 8.8 percent growth in urban regions.