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The stable development of the service industry in Guangzhou, capital of Guangdong province, along with the development of the Guangdong-Hong Kong-Macao Greater Bay Area, will increase demand for Grade-A offices in the southern Chinese city in 2020, according to an industrial report.

The statement, jointly issued by the National Medical Products Administration, the State Taxation Administration, the General Administration of Customs and the Ministry of Finance, said 14 rare-disease drugs, 39 anti-cancer drugs and six pharmaceutical ingredients of anti-cancer drugs would be included in a lower tax bracket from Oct 1.

The socioeconomic challenges facing Hong Kong are partly rooted in global trends, but they also reflect the problematic interaction among government bureaucracy, markets and civil society at the local level. There is a lack of communication between elites and the masses, especially young people.

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The storm was the result of a system from ex-Tropical Cyclone Mangga interacting with a cold front over the Indian Ocean.

The statement also noted that institute heads had persuaded Zhang, who joined the institute in 1994 and applied for resignation in March, to stay as they valued his talent. However, the engineer insisted on quitting and soon left without permission.

The spokesman also dismissed a statement from the United States State Department issued on Thursday that criticized China's activities in the South China Sea.

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The stake, acquired in 2012 when the NCSSF participated in a private offering by BOCOM, has generated a 70-percent income during the seven-year holding period, latest data showed.

The spokesperson said the facts have proved that the US brazen imposition of the so-called economic and political sanctions on Hong Kong under the pretext of the national security legislation only aims to create more chaos in Hong Kong and instigate a "color revolution." For the United States, Hong Kong is "a beautiful sight to behold" only if it is plunged into long-term civil strife and turmoil in places like Ukraine, Iraq and Syria.

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The streamlined process is part of the district's ambition to make itself "a place closest to success" for corporations and talents.

The spending on energy declined for the second year in a row, as increased spending on energy efficiency and electricity networks was more than offset by a continued drop in upstream oil and gas spending, it added.