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Ye is clear about his future, hoping to do more research on advanced technology in the university and make contributions in the field of computer science in China.

Yang Delong, chief economist of Shenzhen-based First Seafront Fund, said that the valuations of the A-share market remain attractive compared with global equities markets and the trend of the stabilizing and steady growth of the Chinese economy in the mid and long-term has not changed, which will continue to draw global capital into the Chinese market.

Yan Qinghui, the ministry's deputy director of medical insurance, said there are limits because too many easy refunds could lead to overcrowded hospitals in big cities.

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Yang Pengyu contributed to this story

Yan Chunhua was appointed president of Lanzhou University, replacing Wang Cheng.

Yang Jiechi, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and also director of the Office of the Foreign Affairs Commission of the CPC Central Committee, met with US national security advisor John Bolton at the White House.

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Yang Fanxin, a researcher with Chongyang Institute for Financial Studies at Renmin University of China, said in a separate interview with China Daily the new policy can further clarify the concept and scope of State-owned financial capital and financial institutions, defining the responsibilities, rights and obligations of fiscal authorities.

Yale Zhang, managing director of consulting firm Automotive Foresight, said the Shanghai auto show last month probably also played a role. "Some potential buyers may have kept their money because they wanted to see what automakers would offer in the coming months."

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Yang said that the delivery firm has to make more efforts to compete with e-commerce platform-based logistics service providers, as China's online retail bellwethers Alibaba and JD are joining the fray.

Yang also said Guazi has begun the research and development of a series of intelligent hardware products, including intelligent glasses, a chassis detection robot, diffuse reflectance spectrum detector, visual guidance robot, and intelligent endoscope for increasing used-car assessment and pricing accuracy.