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The city should consider building new areas in the next 10 to 20 years, revising laws for land bidding, and offering more incentives to property companies to increase supply, Lam wrote in an article published on Tuesday in Ta Kung Pao, a Hong Kong newspaper.

The central bank will guide institutions that specialize in non-performing assets to participate in the trading of bonds in default.

The central government has issued a series of successive favorable policies for Hong Kong in the past five years, creating real development opportunities and broad space for its development.

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The central bank's foreign exchange open market operation did not fall into the scope of exchange rate manipulation, the MOC pointed out.

The central government will allocate a two-year fund of 200 million yuan ( million) to each provincial-level region that gets their respective plan approved, the Ministry of Finance (MOF) said in an online statement.

The chamber music concert at Carnegie Hall, called Inspirational Liaisons –Encore, featured six young musicians from Hong Kong: Cindy Ho, Sheung Lee and Stephen Hung (piano), Carol Lin (mezzo soprano), Timothy Sun (saxophone) and Hui Ti Wang (Violin).

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The central bank has indicated that it will continue to deploy structural policy tools, including relending and rediscount programs, to support smaller businesses and secure sufficient jobs. It expects full-year renminbi-denominated loans to rise to 20 trillion yuan (.04 trillion) this year, compared with 16.81 trillion yuan in 2019, while total social financing may reach 30 trillion yuan or more, indicating stronger support to the real economy.

The city and its people have shown resilience after major incidents, including the SARS outbreak in 2003 and the "Occupy Central" movement in 2014, he said. Ma believes Hong Kong will soon recover from the economic recession.

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The city that is chosen will have the advantage of knowing Amazon — and 50,000 high-paying jobs — are on the way, something Seattle never had. That city will have the opportunity to grow its housing inventory before Amazon arrives, though an influx of that many well-paid tech workers will likely impact the housing market anyway.

The centers are in Shenyang of Liaoning province, Nanchang of Jiangxi province, Nanjing of Jiangsu province and Kunming of Yunnan province.