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Moody's said the weaker global economy has stunted Asian exports, and the uncertain operating environment has weighed on investment. In particular, softer capital formation has mirrored the weakening in exports, especially for trade-reliant economies such as Hong Kong, it said.

Mike Deng, general manager of Sapphire, claimed that they intend to introduce the Australian retirement mode of focusing on lifestyle experiences. They expect that senior citizens there could be treated normally under their effective system of care.

Microsoft Executive Vice President Scott Guthrie at the GeekWire Cloud Tech Summit. (GeekWire Photo / Kevin Lisota)

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Mo from Renmin University of China called for a regulatory balance between boosting the industry and preventing risks. "Regulators should lift unnecessary limits, while keeping a close watch on the industry by supervising each transaction with the help of regulatory technologies," he said.

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Microsoft announced on Thursday that it will start to offer in China its smart manufacturing solutions, jointly provided by UK-based accounting and professional services firm Ernst& Young. This is part of the US tech giant's efforts to tap into opportunities brought by the country's industrial internet.

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Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, welcomed Xi's announcement, calling China a "crucial bilateral trading partner" for the UK car industry. British automobile exports to China increased 19.7 percent last year.

Months of social unrest in Hong Kong have left pupils, who live on the mainland but studied in the city, terrorized. Distressed parents are considering taking their children back to mainland schools amid worries about their safety and politics on campuses. Gu Mengyan reports.

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Moody's expects new-money bond issuance to exceed 3.7 trillion yuan in 2019, or around 70 percent higher than 2018.

Mid-March is here, but the spring seems to be elusive in China's residential property market, which is riddled with slow sales and hence resorting to fresh discounts to destock.