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The messaging software, through which more than 1 billion users consume games, watch videos, make payments and conduct an array of real-life transactions, generated 40.4 billion yuan (.4 billion) last year thanks to paid ads, a stellar 49 percent rise from a year earlier.

The members of the SCO are China, India, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan.

The meeting also acknowledged that China is at a pivotal stage of transforming its growth model, improving its economic structure, and fostering new drivers of growth. It called for sustained vigorous efforts in deepening supply-side structural reform, and ensuring reasonable growth and steady improvement of the economy.

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The ministry will also encourage promotions that combine elements of local customs, tourism and specialties to boost consumption, he added.

The meeting also adopted measures to better regulate fees charged by industry bodies and associations, and specified instances where the unauthorized levying of fees is prohibited.

The ministry has yet calculated the total investment needed in renovating all the country's old communities, but the renovation will be subsidized by the central government, and residents and companies involved also will contribute their share, she said.

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The market value of the food delivery service industry surged 39.3 percent to 653.6 billion yuan (.5 billion) at the end of 2019 and this is expected to top over 1 trillion yuan in the next three years. The online food delivery sector will account for 20 percent of China's food and restaurant market value by the end of this year, the report said.

The meeting has decided to grant certain quota to local governments this year to explore new capital replenishment channels for the banks, including subscriptions for convertible bonds.

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The measures crimped production. Workers couldn't travel and many supplies could not be shipped to factories.

The massive consumption potential during the Golden Week will not only expedite the recovery of China's domestic economy, but also promote imports and investment from other countries, as the flourishing "holiday economy" gives a strong boost to global trade.