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In the late 20th century, however, as road transport developed, water transportation along the Yangtze declined. The ancient town gradually became desolate, and the long lines of customers in front of the barbershop became a thing of the past.

In the meantime, Yum China has created a number of new products that include truffles and has helped local companies to improve their standards to meet Yum China's procurement requirements. The procurement of truffles from Yunnan not only delivers economic benefits to the local area, but also helps food outlets like Yum China create more innovative menus. Starting in April, more than 2,200 Pizza Hut restaurants nationwide featured pizza products that contained high-end truffles from Yunnan.

In the past two quarters, due to tighter regulations imposed in late 2017, the country's total public-private partnerships' project value contracted by 6 percent to 17.2 trillion yuan (.53 trillion), according to global credit rating agency Fitch Ratings.

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In the meantime, banks will likely increase traditional loans to meet corporate refinancing needs.

In the retail sector, DSW, Neiman Marcus and Barneys recently began selling beauty products featuring CBD. "There is a demand for high-end CBD products," Kim D'Angelo, Neiman Marcus' beauty buyer, told CNN Business. "CBD products are the next big thing in beauty."

In the same month, the company raised 500 million yuan ( million) in "Panda bonds"－renminbi-dominated bonds－to help fund its takeover of Port of Hambantota in Sri Lanka, after the country granted a 99-year lease on the port to China for .12 billion at the end of December last year.

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In the new year, I hope friends of the financial communities of our two countries, HSBC Group included, will achieve new progress, and at the same time, contribute to the China-UK "Golden Era" 2.0. To do so, I hope you will seize three opportunities of the new era.

In the past five years, the company has established a whole industrial chain, including a planting pasture, a base for breeding cows and quality-control center.

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In the long term, China's policy focus will be on pushing deeper market-based reforms and further opening-up to expand the offering of high-quality goods and services, analysts said.

In the meantime, more than 90 percent of villages can dispose of their domestic garbage through a uniform collection system. Nearly all of the 24,000 substandard garbage dumps detected through a nationwide inspection have been rectified, he added.