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Shadow banking, or the lending business outside the banking system, has drawn high attention from the country's top leadership, as the sector can spark systemic risks and has expanded at a 20-percent-plus annual rate in China for years since 2008, the report said.

Shanghai Railway Bureau launched a service to supply outside food on 25 high-speed routes in cooperation with online food delivery company Eleme in January. Eleme spokesman Zhou Yi said the service was popular, but coordinating with train service was challenging and it was suspended after about a month.

Shared bikes are being moved away from military zones, and inspections will be carried out by the department.

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Share prices of United Kingdom-based banking giants HSBC Holdings and Standard Chartered took a dive in April when they shocked the financial market by scrapping dividends and ruling out any share buyback this year after the UK central bank told them to preserve cash by putting dividend payouts on the back burner as the coronavirus pandemic roiled global economies.

Several fundamental major projects should be initiated when appropriate to ensure a good start to the construction of the new area, Vice-Premier Zhang Gaoli said on Sunday at a meeting on advancing the coordinated development of the Beijing-Tianjin-Hebei region. 

She added that new methods of urban communication research in the era of big data should be explored. Meanwhile, urban residents should be seen as the main target audience of communication.

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Shanghai has in recent decades earned itself a reputation for masterfully restoring old compounds and turning them into popular attractions.

Shane Tedjarati, president of Honeywell Global High Growth Regions. [Photo provided to China Daily]

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Several factors are responsible for the industry's expectations of a bright future.

Shanxi province is said to be the first provincial region to ban such miners. A circular published in 2010 by the province's coal mine management authority asked to halt such hiring by May 2011.