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Min Cheng, head of investment products and investment advisory at the wealth management division of Standard Chartered China, said: "In the past, the wealth management business of the Chinese banking sector actually deviated from the real nature of asset management and separated itself from the real economy due to a lack of professional management. The launch of new regulations on the asset management business and wealth management products will completely reform the domestic asset management sector and raise hopes for the development of the wealth management business in the future."

Miss Tourism Champion contestants pose for a photo in Taiyuan, North China's Shanxi province, April 26, 2015. [Photo/IC]

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Michael Omondi is learning how to play a traditional Chinese musical instrument. [Photo provided to China Daily]

Minnesota Public Health officials released new data this week revealing that at least 187 employees who work at Amazon facilities in the state have tested positive for COVID-19. The largest outbreak is at a Shakopee warehouse, where 88 workers tested positive in a 70-day period.

Minority Leader Kevin McCarthy, R-Calif., said GOP defections will be kept well below the threshold required to sustain a veto. Describing the argument GOP leaders are using to tamp down Republican opposition, he said, "There's an emergency along the border." "If Republicans vote their beliefs, we'll get a lot. If they vote their party, we won't get a lot," said Majority Leader Steny Hoyer, D-Md.

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Michael Simcoe, GM vice-president of global design, said advanced design is playing a critical role in the development of GM's next generation of vehicles around the world.

Mobile rental is heating up under the context of shared economy. Customers can rent a new iPhone for one year at the cost of 9.9 yuan a day, but owing to some concerns, this business is attracting fewer customers than expected, Beijing Daily reported.

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Michael Spence, a professor at New York University and a Nobel laureate in economics, said the Chinese economy will "slow a bit" this year amid the slowing global economy and trade frictions.

Misconduct must be seriously dealt with.