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The central bank also decided to boost the relending and rediscount quotas by another 100 billion yuan on Wednesday, following two hikes in June and October by a total of 300 billion yuan.

The city's economic strength has taken it to the forefront of a great rejuvenation of the Chinese nation. That's according to Peng Peng, vice-chairman of the experts committee at the Guangdong-based South Nongovernmental Think Tank.

The charcoal-grilled Australian skirt steak is served with spicy and sour fried rice, sauteed onions and pepper.[Photo provided to China Daily]

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The charge related to DAS dated back to 1999 when the company invested 19 billion won ( million) in establishing investment consulting firm BBK, which faced a legal lawsuit for stock price manipulation in 2001.

The city opened four new expressways to traffic in 2018, increasing the length of its expressway network by 102 km to 1,115 km.

The central bank said despite growing challenges and uncertainties, the trend for China's long-term stable and sound development remains unchanged.

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The city has imposed fines of up to 2 million pesos (about ,100) for those who organize clandestine parties.

The chief executive-elect has vowed to seek new breakthroughs in achieving a more diversified economy by proactively engaging in the nation's overall development.

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The central government's intention to control public sector leverage remains unchanged. [Photo/VCG]

The city skyline is seen in Wuhan, Central China's Hubei province. [Photo/VCG]