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The Board of Governors of the New Development Bank, formed by the ministers of finance of the BRICS nations, intends to approve at least billion in loans by 2021, according to the bank's general strategy for 2017-21.

The British theme park operator has reached an agreement with the Jinshan district government, CMC Inc and the investment company behind the Lego empire, Kirkbi Inc, to invest an estimated 0 million in the resort. The project is not expected to open until after 2023.

The COVID-19 pandemic has severely suppressed China's consumption this year. In the first half, the growth rate of consumption declined. Many people are concerned about whether consumption－it has been the driving force of China's economic growth in recent years－is still strong.

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The Belt and Road Initiative was proposed by China in 2013 as a trade and infrastructure network connecting Asia with Europe and Africa and beyond, along the ancient trade routes.

The Beijing-Xinjiang Expressway is the second major expressway connecting Xinjiang and other areas, following the Lianyungang-Horgos Expressway. It is expected to begin operation in phases starting at the end of this year.

The CPPCC also strengthened exchanges with other countries through activities including inviting diplomatic envoys from Asian countries in China and young parliamentarians from African countries to visit the headquarters of the CPPCC National Committee.

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The CIIE could attract more officials, scholars and entrepreneurs by streamlining visa and entry procedures. China has introduced a visa-free policy in Hainan, which has boosted tourism and made the island an important gateway to China.

The Beijing Capital International Airport has started to pilot provisional electronic identification for passengers, reports the Beijing News.

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The CBRC will clarify procedures and application materials for foreign and joint venture banks to invest in domestic banking institutions after a notice issued in March approved such behavior.

The Brazilian miner has developed a brand-new iron ore mine in Carajas, Brazil, that will bring more high-quality ore to the market.