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Guo Xin, a marketing professor at Beijing Technology and Business University, noted that brand owners themselves may be behind some shoes' unreasonably high prices. Sneaker brands including Nike, Adidas and others have fueled a robust market and spawned avid collectors through launch of limited editions.

Guo, deputy head of the International Department of the CPC Central Committee, said China attaches great importance to the Sino-Malaysian relations and will continue to promote traditional friendship and close exchanges between the ruling parties to boost healthy and stable development of bilateral relations.

HKTDC's Export Index for the fourth quarter of 2019 hit a record low of 18.8, which was down 8.6 points from the previous quarter.

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HKEX witnessed several world-class listings, including that of Alibaba Group Holding and Budweiser Brewing Company APAC, which, the exchange said, underscored the strong appeal of Hong Kong's markets for global and regional issuers alike.

Guo Shuqing, the People's Bank of China's Party secretary and head of the China Banking and Insurance Regulatory Commission, also warned at the same forum about strictly preventing the growth of financial products with complicated structures.

Gun ownership is relatively common in Canada, which ranked fifth in a recent survey of civilian firearms per capita, but mass shootings are rare.

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HAIKOU, Dec. 20 -- China recorded significantly fewer new drug users this year compared to the last three years, according to a national drug control meeting held in Hainan Province Thursday.

Guo said more efforts will be made to significantly reduce the overall financing costs of enterprises, increase medium and long-term funding for advanced manufacturing and strategic emerging industries, better coordinate financial policies with the policies on employment, industries and regions, and increase financial support for enterprises that have great potential but are facing temporary difficulties.

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Guests are required to take part in temperature screening, wearing masks and maintaining social distancing.

Guo said he hopes that people will pass on the vivid stories of friendship between Chinese and African people that they have witnessed or heard to friends and media in their home countries, so they could also see the bright prospects of China-Africa cooperation.