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Gao Peiyong, director of the Institute of Economics at the Chinese Academy of Social Sciences in Beijing, said the import scenario remains promising as demand for and prices of big commodities have been rising. It also showed that the recovery in the domestic market has remained stable.

Further economic structural reform on the supply side will ensure the market grows and evolves in a sustainable way. Additionally, the private sector has become a bigger contributor to China's economy after a significant structural adjustment.

Gao denies there is any manufacturing bottleneck and rejects criticisms about the durability of his products. But he added the company is working with Bird and Lime to improve the life span and quality of the scooters.

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GUANGZHOU - Vipshop Holdings Ltd, China's major online discount retailer, generated total net revenues of 21.3 billion yuan (.1 billion) in the first quarter of 2019, up 7.3 percent year-on-year, it said in a report Thursday.

Funds transfer pricing is a method used by banks to measure how each source of funding contributes to their profitability and to measure the performance of different business units of a bank. The cut in the FTP rate assigned to inclusive loans allows the bank to offer loans to small businesses at lower rates than before.

Gao Xiaobing, vice-minister of civil affairs, told the news conference the standard is expected to play very important roles in promoting the healthy development of the care sector, and to help bolster supervision, especially after the financial threshold for running retirement homes was removed.

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Gao Ting, head of China strategy at UBS Securities, said stocks of food and beverage companies have been the most popular targets of overseas investors, followed by insurance, banking, capital goods and hardware.

Gabi and Jonah Frank walk on Pacific Coast Highway as the Woosley Fire threatens their home in Malibu, California, US, November 9, 2018. The fire destroyed dozens of structures, forced thousands of evacuations and closed a major freeway. [Photo/Agencies]

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Gan said the administration is setting up an anti-monopoly data base as well as an expert consulting system to build a unified national market.

Fu is a former fisherman from the port area of Tanmen in the city of Qionghai on eastern Hainan Island.