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The choice of a new president with a financial academic and professional background gave markets the impression that the housing market giant would be evolving towards a finance-oriented development model.

The circular also urged local authorities to clear up hidden dangers in civil affairs facilities, local geological environments, as well as water supply systems.

The central government launched an outline development plan for the Greater Bay Area in February last year. The blueprint lays out the vision for coordinated development of the 11-city cluster, which covers nine cities in southern Guangdong province, and the Hong Kong and Macao special administrative regions.

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The city's strength in tourism and hospitality, the richness of its cultural heritage and support from the motherland all inspire confidence, she said in an exclusive inter view with China Daily.

The central bank also announced an additional reduction of 100 basis points in the RRR for city commercial banks operating only in provincial administrative areas, which will be implemented in two phases, on Oct 15 and Nov 15, cutting 50 basis points in each phase.

The central government has also been advancing the development of autonomous cars. In April, the Ministry of Industry and Information Technology released regulations for road tests of smart connected vehicles.

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The city is also home to 110 aviation companies operating flights to 297 destinations in 47 countries and regions. Authorities are now aiming to turn the city into an aviation gateway for the Asia Pacific region by 2035.

The center will be supported by BBD UK, one of the first Chinese fintech companies to set up in Britain. It has a front office in London and a research and development center in Cambridge. BBD opened a startup accelerator in London in June, with the aim of helping British and Chinese fintech companies access each other's markets.

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The charities were among the first to be blacklisted after the list was introduced in February last year. The list is part of a national credit system that aims to root out dishonesty in various sectors.

The challenge is to integrate Chinese enterprises into the digital economy by connecting their robots, machines and plants to the industrial Internet and we could provide such information as well as digital know-how, Ulrich said.