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The city will strive to "let more graduates buy or rent a home at prices 20 percent lower than market prices," said a spokesperson of the city government. The city will also provide more affordable houses and low-rent homes to college graduates.

The central bank is aiding in revising related laws and regulations to ensure commitments are fulfilled on time.

The ceremony was attended by Zhang Yifei, the 67-year-old daughter of Chang Chong-chen, also known as Zhang Chongren, who collaborated on The Blue Lotus. Set in Shanghai, it was the fifth volume of The Adventures of Tintin, the comic series that Belgian cartoonist Georges Remi, also known by his pen name Herge, created in 1929.

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The central and local governments have also ramped up efforts to supply the regions with muchneeded talent.

The center's team of experts comprises two world-renowned professors as well as 12 top Chinese scholars.

The city remains as a top investment hotspot, with the number of new foreign investment projects in 2019 rising 21.5 percent from the previous year.

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The city is home to Fortune Global 500 companies such as Tencent Holdings Limited and Huawei Technologies Co Ltd. It is also a hub of innovation that is gaining increasing global influence. At the just concluded Consumer Electronics Show (CES) 2018 held in Las Vegas, more than 600 companies from Shenzhen participated, accounting for nearly a half of the Chinese exhibitors.

The city will work to offer better administrative services for companies and organizations that set up branches in Guangzhou, according to Chen. The goal is to help build the Guangdong-Hong Kong-Macao Greater Bay Area into a global financial center, he said.

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The center was established by the Ministry of Science and Technology in March, with 21 participants from China's leading NEV manufacturers and research and development institutions including Beijing's BAIC Group, Geely, BYD, Baidu and Tsinghua University.

The central government has implemented a series of measures starting from the beginning of this year in order to prevent asset bubbles and reduce debt levels.