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The report pointed out that the overall index in 2020 dipped to 110 from 119 in the previous year, reaching the lowest level in almost a decade. This was largely due to the global outbreak of COVID-19, which has changed the world political and economic landscape in profound ways, it said.

The report of China Association of Automobile Manufactures also noted that overall the decline in commercial vehicle sales was lower than that of passenger vehicles.

The relic will go on sale at The Canterbury Auction Galleries on April 11 at an estimated price of 120,000 to 200,000 British pounds (0,000 to 5,000).

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The report advised reducing the academic burden of middle and primary school students to help ease conflicts between parents and children, as well as teachers and students. 

The report "aims at meddling and stirring the situation", they added.

The report shows that subscribers of WeTV, the overseas version of Tencent Video that is available in more than 110 countries and regions, have risen 175 percent over last year, with time spent watching these programs up 300 percent year-on-year.

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The report also identifies the three driving forces behind China's new infrastructure initiative: Hedging the impact of the pandemic, grasping new development opportunities, and supporting the transition of China's economy to its stage of higher-quality development. The report pointed out that infrastructure between and within cities can still be improved.

The registered unemployment rate in urban areas came to 3.82 percent at the end of September, edging down from 3.83 percent three months ago.

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The report said it believed that cooperation between internet celebrities and platforms like Weibo would boost profits.

The report also found that almost half of luxury purchases globally were made by consumers who were traveling, either in a foreign market or at the airport, especially by consumers from emerging markets, who typically do not have access to the same range of products and brands that can be found in more mature markets.