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The insurance service is provided jointly by five insurance companies, including Ping An Insurance and China Pacific Life Insurance. The companies will share the profits as well as the cost of the insurance.

The inspectors will also examine the need for training in those areas and set up professional teams to tackle poverty issues.

The impact will be limited because China enjoys the advantages of cheap labor and materials, manufacturing capacity and environmental requirements, compared to international competitors like India and Vietnam, said Yao.

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The international development bank launched on Wednesday its annual transition report at its headquarters in London, a health check for economic and social progress in the EBRD area, which covers emerging economies from the Western Mediterranean, much of Eastern Europe and Central Asia.

The index had averaged 1,021.01 since the beginning of 2019, down from an average of 1,149.05 for 2018.

The information detailed methods of white birch sap collection and processing, along with listing quality standards and nutritional value.

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The hotel has informed its potential customers of the change via online and offline channels.

The initiative has been well-received in the international community - a large part of which has expressed a desire to actively participate, he said.

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The initiative will enhance the Association of Southeast Asian Nations (ASEAN)'s integration and connectivity strategies and simultaneously strengthen ASEAN-China Free Trade Agreement (ACFTA) to explore mutual business opportunities, it said.

The increase of foreign investment was also attributed to innovative promotions through online consultation platforms and a global investment service hotline (4008-413-413) which was launched in April by the Hainan Provincial Bureau of International Economic Development.