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The report noted that there are about 9,400 B2B exhibitions annually held in the US, contributing 1 billion to the GDP in 2019, up from billion in 2018.

The relevant fiscal expenditures “shall be strictly reviewed in time and reported to the National Health Commission and the Ministry of Finance”, the notice required.

The remaining 420.9 billion yuan of taxes and fees were reduced as a result of the implementation of a larger scale of tax and fee cut policies rolled out last year.

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The regulation, submitted by the Liaoning Health Commission, suggested that local governments should reduce the burden on families with two children and provide a package of preferential policies in education, social security, housing and tax relief.

The report attributed such willingness to spend to the group's optimism on their future prospects since most grew up with improved income during China's rapid economic growth and continual urbanization.

The reintroduction of the milu deer to its motherland has seen the population bounce back from the brink of extinction, Shen Wendi reports.

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The report came as the Paycheck Protection Program (PPP), a US government aid program intended to help small businesses retain their employees during the COVID-19 crisis, was set to close Tuesday with more than 130 billion US dollars left unused.

The relentless growth of China's economy was coupled with the physical expansion of Chinese cities over the past 40 years.

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The report showed that the polarization of employment conditions among industries was remarkably alleviated in Q2, with the intermediate service industry posting the strongest demand for labor.

The rental fee will be used for public services, such as infrastructure construction, Xiao said.