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In the first three months of the year, the city's travel revenue hit 1.4 billion yuan ($ 217 million), up 22.4 percent year-on-year, the bureau reported.

In the first half, Uni-President saw its net profit drop sharply by 26 percent to 569 million yuan ( million) and its gross revenue was 11.1 billion yuan, down 7.06 percent. The company's revenue has declined for the fourth consecutive year.

In the first 10 months, total new social financing reached 19.41 trillion yuan, an increase of 3.21 trillion yuan from the same period last year.

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In the Government Work Report, China set its economic growth target at around 6.5 percent this year, which is 0.4 percentage point lower than the growth rate of last year. Several provincial governments have also lowered their growth targets for this year.

In the first 10 months of this year, China's cellphone shipments slipped 5.8 percent from a year earlier to 323 million units, according to the report.

In the first quarter of this year, Beijing Hyundai expects to declare that 1,500 positions at its Beijing plants are redundant; those holding the positions will be laid off or moved to facilities elsewhere, according to Reuters.

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In the first 10 months of the year, new jobs created in urban areas hit 12 million, 90,000 more than the same period last year, said the Ministry of Human Resources and Social Security.

In the future, Moon Jae-in, president of the Republic of Korea, and his government may play a mediatory role, Wang noted.

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In the first quarter, the industry continued to grow rapidly, with the added value increasing by 15.4 percent year-on-year.

In the first global projections of the COVID-19 pandemic by nation, the Institute for Health Metrics and Evaluation (IHME) at the University of Washington's School of Medicine predicts nearly 770,000 lives worldwide could be saved between now and Jan 1 through measures such as mask-wearing and social distancing.