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The Shenzhen Component Index closed 2.96 percent higher at 9,328.97 points.

The State Council also said that China will continue improving its business environment for international chip companies to invest and develop in the nation. More efforts will also be made to cultivate talent for the semiconductor sector.

The State Council's executive meeting on Wednesday decided that China will cut value-added tax rates as part of a tax reduction package amounting to 400 billion yuan this year to drive high-quality development.

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The State Council also promised to reduce corporate burden and cut their annual costs by 120 billion yuan (.48 billion) through slashing logistics fees and service charges.

The Shenzhen Component Index closed 0.45 percent higher at 7,558.28 points.

The Shenzhen-based company said in a filing to the Shenzhen Stock Exchange that it sold 12,256 NEVs last month, down about 59 percent from the same month a year ago.

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The Southeast Asian nation is famous for the Angkor world heritage site in northwestern Siem Reap province.

The Shanghai Stock Exchange released draft rules for the board about one week after the plan was approved, and has finished public opinion solicitation for the regulations aiming to help firms sidestep complex IPO hurdles and access easier funding.

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The State Council, China's Cabinet, commissioned me to translate the Arabic version of the Hong Kong Basic Law.

The State Council issued a guideline on April 28 to promote health services through internet technologies.