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The billionaire entrepreneur, who made a late entry into the presidential race and has spent over 500 million US dollars on advertising, also said that he's glad to endorse Biden, a moderate political veteran who most of the 14 states voting on Tuesday.

The benchmark Shanghai Composite Index rose by 0.29 percent to 2913.57 points, while the Shenzhen Component Index gained 0.3 percent to 9474.75 points.

The bank's management said concerted efforts have been made to expand loans for small and micro-sized enterprises while reducing costs. Meanwhile, it has substantially reduced the ratio of non-performing loans.

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The association estimates with promoting of the new standards, consumption of protein for a kilogram of pork will be reduced by 13 percent, to 0.39 kilogram, while consumption of protein for chicken production will also reduce by about 1 percent.

The bank's NPL ratio has fallen for 12 consecutive quarters and fell to 1.43 percent by the end of 2019, down 0.09 percentage point from the level seen in 2018.

The bank attributed stellar performance to the rapid expansion of retail banking, which contributed more than half of the total revenue and nearly 70 percent of net profits.

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The bikes will be painted purple as opposed to YoBike’s traditional yellow and carry the branding “INDIGO Weel”.

The bank's president has traditionally been an American nominated by the US government. Kim, who left the position three years before his term ends in 2022, was nominated by former US President Barack Obama for two five-year terms.

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The awards ceremony takes place every other year, where winners are honored as "Foshan Craftsman". It is significant to the host city, which has been long known for its dynamic manufacturing industry, as it helps inject a spirit of craftsmanship into industries and attracts more high-level professionals to Foshan, local officials said.

The backbiting between the White House and Dr Anthony Fauci continued on Wednesday, with the infectious diseases expert calling criticism of him by an adviser to President Donald Trump "bizarre".