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The countries in the region have the final say on the current situation and the further cooperation in the region, he said, hoping that the non-regional countries should change their mindsets, and understand and support the positive efforts China and ASEAN have made.

The coordination of monetary and fiscal policies should be strengthened, and the efficiency of countercyclical policies should be improved to deal with the COVID-19 effect, said Zhang. "Fiscal policy should take a more significant role to support spending, which can also help governments at all levels to inject capital into small and medium-sized banks by issuing bonds or using their own funds to supplement capital and improve the ability to support the real economy."

The core management team of Alibaba appeared at Alibaba's Investor Day from Sept 17 to 18, and young people, as Ma said, are playing a major part.

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The country is expected to significantly reduce the amount of plastic waste going to landfills and bring plastic pollution under effective control in major cities by 2025, according to the guideline.

The country began a nationwide lockdown on March 24, which has been extended for a fifth time, to June 2. Against this backdrop, working days of up 18 hours has become the new normal for Sah.

The consumer price index, a key indicator to gauge inflation and changes in purchasing trends, rose 1.9 percent in June, up from 1.8 percent in the previous month, according to data from the National Bureau of Statistics on Tuesday.

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The country has also vowed to set up 10 demonstration zones to promote imports, where innovative regulatory systems and flexible trade models will be piloted.

The consequence of getting it wrong means many more stores will either go belly-up or be forced to close branches, data from Coresight Research shows.

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The consulting company estimated that the dependency ratio will reach 72 percent in 2019, higher than the 69.8 percent in 2018, and will continue climbing in the years to come.

The country will also take further steps to leverage the role of the market in selecting and nurturing quality firms, increase the number of institutional investors with long-term performance goals, promote the development of value investing, and strengthen information disclosure of listed firms, Liu said.