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Local authorities said the per capita disposable income for rural and urban residents in the region were 11,975 and 32,764 yuan, up by 8.4 and 6.5 percent respectively.

Located about 100 kilometers southwest of Beijing, Xiongan geographically covers part of Hebei province's Xiongxian, Rongcheng and Anxin counties.

Local performers in traditional Kenyan clothes dance to celebrate the anniversary. [Photo by Liu Hongjie/chinadaily.com.cn]

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Long been used

Liu, 24, a resident of Chengguan district in Lanzhou, capital of Gansu province, said that in the past, he had to work at least two years in Lanzhou before applying for the city's hukou, but now he could submit the application at any time as long as he owned a house in the city.

Local authorities said this year Xinjiang will concentrate on attracting capital in the financial sector to encourage more banks, securities and insurance companies to invest in the region.

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Loan loss reserves of banks increased to 5.1 trillion yuan (0.1 billion) by the end of September, up by 108.6 billion yuan on a quarterly basis, while the provision coverage ratio fell to 179.9 percent from 182.42 percent, according to data from the China Banking and Insurance Regulatory Commission.

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Liu, who is also chairman and CEO of PCI Tech, a Guangzhou-based AI company, said with technological advancement, China's economy will be of greater resilience and vitality.

Located opposite of Hepori Mountain, one of Tibet's sacred Buddhism mountains, and Samye, Tibet's first Buddhist monastery, the orchard started operation in 2017 as a poverty alleviation project with support from local government and has generated income for Tibetan villagers and improved ecological protection since then.