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Luan, 57, had worked for Huating Coal company before being appointed the CPC chief of Gansu's Qingyang city in Oct 2014.

Lower interest rates can reduce financing costs for issuing bonds, which in turn will help companies to roll over debt. At the same time, the PBOC has given the green light for financial institutions and nonfinancial companies to accelerate the bond issuance process.

M2 is a measure of money supply that includes cash and some other holdings like short-term deposits.

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MANILA -- The Asia Pacific Economic Cooperation (APEC) will play an even more important role in ensuring a free and open world trading system amid clearer and more worrying signs of growing global protectionism, an expert of Asian Development Bank (ABD) who specializes in trade and regional cooperation has said.

Lu Zhenwang, CEO of Shanghai-based Wanqing Consultancy, said staff-less stores will bring the "next spring" to the retail industry, though this kind of store is in its trial phase and the related technology is not mature.

Lucy Liu and her son Rockwell Lloyd Liu pose following a ceremony honoring Liu with a star on the Hollywood Walk of Fame on Wednesday in Los Angeles. AP

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MGI produces genomic sequencing devices, equipment, consumables and reagents for scientific research, healthcare and medical treatment.

Luke Ellis, CEO of Man Group Plc, another global leading asset management company, said in May that if China's asset management market maintains its develop momentum and the regulatory environment improves, the firm's Chinese business will have the biggest upside globally.

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MADRID — Huawei Spain saw year-long growth in its three branches: infrastructures and networks, enterprise and private consumers, its CEO Tony Jin Yong said on Tuesday.

MANILA - Chinese mainland has dislodged Japan as the Philippines' third export market destination for May this year, with the amount hitting 1.40 million or 13.2 percent of the total export receipt recorded, government data showed on Tuesday.