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The cut will also push up banks' demands for bonds, effectively supporting the issuance of special-purpose treasury bonds and local government bonds, said Yan Se, a chief economist with Founder Securities.

The couple's online shop has 642 comments, behind which are the stories of deep love and tears.

The data came after the NBS released Tuesday that China's investment in property development expanded 10.4 percent year-on-year in the first quarter of the year, accelerating from an increase of 7 percent registered in 2017.

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The country's ongoing tax reductions could offer a major boost to the economy this year, economists said.

The day included conferences, visits to production sites and workshops where participants learned new techniques in silk development.

The court held the defendant Yao Gang, as a State functionary who used the convenience of his position to seek benefits for others and illegally accepted properties through his close relatives, committed the crime of bribery.

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The country's major oil and gas players, including China National Petroleum Corp, China Petrochemical Corp and China National Offshore Oil Corp, have posted losses for the first quarter and cut capital expenditure for this year as the oil price collapse and the fuel demand crash dented their revenues.

The current fuel surcharge regulation, which came into effect in 2013, aims to ease the burden of taxi drivers. It requires that for each period of three months, the surcharge will be increased or decreased one yuan per ride based on the rise or fall of the weighted cumulative average by 0.8 yuan per liter of the highest retail price of No 92 gasoline. If the change in oil price is below 0.8 yuan per liter, the fuel surcharge is not adjusted. In 2015, Beijing stopped taxi fuel surcharge after the oil price dropped.

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The cultural delegation then toured Kansai Television, visiting its news facilities, and inspecting its 8K program and 4K editing.

The deal includes the Chinese rights to the latest installment in the franchise Total War: Three Kingdoms. The game was released in May and sold more than 1 million copies in its first week, topping the global charts for PC gaming sales.