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The move means that the market access threshold for NEV startups will be dramatically lowered, which is an important measure to optimize the development of the NEV industry, said Cui Dongshu, secretary-general of the China Passenger Car Association.

The move will likely please US President Donald Trump, who has called for the Fed to stop raising rates.

The mission requires a lot of experimentation — and things don’t always go ?well on the first try.

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The ministry will support the fight against financial risks, and put focus on defusing the risk of the hidden debt burden of local governments, he said.

The move was aimed at expanding imports and boosting domestic consumption, with tax rates lowered for many daily consumer goods, the commission said.

The move is part of China's broader push to gain a lead in the global race to apply 5G. At least 10 times faster than 4G, the technology will allow for the superfast downloading of movies, self-driving cars and streaming virtual reality games.

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The most important component of any monetary policy is money supply. In the graph alongside, the red line represents China's economic growth, and the blue one shows China's money supply. We can see that the blue line is significantly above the red one. This phenomenon is called an excess supply of money.

The move, he said, would help revive the Indian economy that at present is hit by the COVID-19 pandemic.

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The municipal government has been lowering corporate taxes and fees over the last few years.

The mock meat tradition has grown evermore popular in modern cuisine as plant-based, whole food diets and vegan lifestyles hit the mainstream across the globe.