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The government needs to pay attention to prevent financial risks and make sure financial supervision capabilities can be matched with financial openness, Zhang said.

The government hopes that beautifying the villages will attract more tourists from nearby cities so the villagers will benefit by developing tourism-related businesses, such as restaurants and providing rooms for visitors.

The government will moderately raise the fiscal deficit ratio, issue special Treasury bonds to counter the COVID-19 impact, increase local government special bonds and continually implement tax and fee cuts, to proactively offset the economic downturn, Finance Minister Liu Kun said on Thursday.

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The global exchange of ideas, technologies, and products opens up new opportunities for all countries. With the 13th Five-Year Plan (2016-20), China seeks to seize these opportunities. The plan calls for a transition from an economy driven by exports and investment to an economy fueled by innovation.

The free trade port and market-based reforms in Hainan are just two elements in a bigger effort to further develop a high-quality economy with market-based institutions throughout China. The huge growth over the past 40 years has been made possible largely because of the constant expansion of reform and opening-up policies. Hainan's reform policies and the deep reforms announced at the recent two sessions meetings mean that China's development will continue through the next decades.

The giant retailer, looking to compete more aggressively with Amazon.com in online retail, is considering a plan in which in-store shoppers could pick up online orders and then deliver them to the nearby homes of those customers who purchased online.

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The government opened bidding in 2017 to invite contractors to plant trees in a 1,282-hectare area, and to help maintain the 16,500 trees already planted.

The global GDP is projected to decline 4.5 percent this year, before picking up five percent in 2021, said the OECD in its interim report. The projection marks an improvement compared with its June estimates of a six-percent-contraction this year.

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The government has redistributed about 4.8 million hectares of land to some 2.8 million ARBs under the agrarian reform program, but only 53 percent were in the form of individual land titles.

The furniture and home appliance exhibition will both be held at Guangdong Tanzhou International Convention and Exhibition Center in the city of Foshan.