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The regulator is expected to publish its final guidelines as soon as the first quarter of 2019 and would begin taking applications from interested foreign insurers soon after that, they said.

The regulator took temporary policy measures such as encouraging banks to allow certain companies delay payments of loan principal and interest that will mature before June 30, said Xiao Yuanqi, chief risk officer and spokesperson of the commission.

The registration-based IPO system, which simplifies and shortens the previously lengthy approval process that companies had to go through before they were allowed to float shares on mainland stock markets, was first successfully tried out on Shanghai's new Nasdaq-style sci-tech board.

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The report also said Apple's chief manufacturing partner Foxconn Technology Group, also known as Hon Hai Precision Industry Co, had stopped hiring new staff as of Monday at its factory in Zhengzhou, capital of Henan province.

The regulation was translated and distributed to the public in Vietnam, Laos and Myanmar.

The report notes the parallels to questions about how Amazon’s e-commerce unit competes with third-party retail vendors who use its Amazon Marketplace online platform.

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The report by Oxford Economics, an advisory venture of Oxford University, which uses statistics from the State Administration of Press, Publication, Radio, Film and Television, also finds that China's movie and television industry made a total direct contribution to Chinese gross domestic product of 254 billion yuan in 2016, representing 0.34 percent of the Chinese economy.

The report also gave Kuhn, author of bestseller "How China's Leaders Think," a sense of how confident the Chinese leader and the country are in socialism and their commitment to deepening reform and strengthening rule of law.

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The report has exaggerated and disregarded facts about China's efforts to modernize its national defense, and questioned the intention of China's military development, Ren said.

The report said the city will also formulate encouraging policies to promote the electrification of light diesel vehicles. From May 1, all new added commercial light truck are fully EV and 20,000 commercial light diesel vehicles will be eliminated before December 31.