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Unemployment insurance to be raised to boost jobs

Unlike mature markets such as the United States where investment bank giants like Goldman Sachs and Morgan Stanley play key roles in the capital market, most investment banking functions are assumed by securities firms in China. Brokerage, research, direct investment and investment banking are the four major business divisions of Chinese securities firms.

United States President Donald J. Trump speaks to the media before delivering remarks to the House Republican Conference on Capitol Hill in Washington, DC on June 19, 2018. [Photo/VCG]

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Under China's current leader Xi Jinping, Taylor believes the world will see the strengthening of the Chinese Communist Party's leadership and expansion of economic development.

Under the arrangement, the central government supports stakeholders in using Hong Kong as a financing platform for Belt and Road projects.

Under the leadership of the CPC Central Committee, the State Council has held several meetings and sent investigation teams to probe the case.

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Unlike what Trump has claimed, they could very well end up as his war on American consumers and jobs.

UnionPay faces an equally tough journey to compete for market share with rivals Visa and Mastercard. While Union-Pay transactions accounted for 15 percent of global card transactions in 2016, just behind Visa and Mastercard, most of these transactions were made in China.

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Unlike e-commerce, online education is a long-term bet. The process of nurturing a student is not exactly standardized, and needs a high degree of personalized tutoring, he said.

Under the CPC's leadership, China is becoming ever more confident in the international market, shifting its role from merely a participant to an active builder of globalization by pushing for the establishment and development of multilateral institutions, he said.