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She added that the tax cut policy will not affect the country's booming cross-border e-commerce sector, in which products have an even more favorable tax rate in general.

Shanghai Shimao Group has invested and developed the structure, while hospitality group InterContinental will manage the completed property.

Several airlines have applied to make direct flights between Wuhan and cites such as Seoul, Bangkok, Kuala Lumpur, Manila, Hanoi, Sihanouk, Tokyo, Jakarta and Singapore.

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Shaanxi province has made great efforts in facilitating external business. It has halved the average import customs clearance time, and reduced the export time by 70 percent after the China (Shaanxi) Pilot Free Trade Zone officially began operations.

She added that the changes were a direct result of China's rapid economic development, stronger management of public security and the public's growing legal awareness, and noted that the abolition of the death penalty for a growing number of crimes is in line with global trends.

Shares of Alibaba Group Holding Ltd jumped over 6 percent on its Hong Kong market debut on Tuesday after becoming the world's biggest initial public offering so far this year.

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Shan Jixiang, director of the Palace Museum Beijing, spoke about how new technologies and innovative ideas helped the museum, one of the most popular in the world, to continuously expand its display and exhibition space, while attracting new audiences on digital media.

Shares of SSLJ.com Ltd, a home-decoration service and products provider, fell on Monday after an initial public offering, in concert with a plunge by US stocks.

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Sharkil Rasul, executive director of the hospital, said the hospital will be equipped with advanced facilities to enhance the service quality for patients.

Shay said that engaging in a trade war with China will erase gains from the benefits of tax reform and result in higher prices for a wide range of consumer products and basic household goods.