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The draft asked relevant authorities to exercise supervision over hospitals, pharmacies, doctors, pharmacists and beneficiaries under the insurance program and stipulated methods and content of the supervision.

The emergence of online e-commerce platforms like Alibaba and JD.com are perhaps the most obvious examples of this transformation.

The draft rules also lowered the amount of capital support to insurers' risky business such as universal insurance, a type of investment-focused life policy, which Zhu said reflected the regulatory intention to encourage insurers to focus on protection products instead of investment-driven business.

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The e-mobility eco system also makes battery recycling a critical part of BMW's plan for full sustainability through its collaboration with Hunan Brunp Recycling Technology Co. Their recycling rate has reached 98.5 percent, well above the national standard of 95 percent, setting another standard in the country.

The eight-day holiday is the country's first major vacation since the novel coronavirus pandemic has been brought under control in China, and the travel rush has posed challenges to the country's epidemic prevention and control efforts.

The earliest documentary record of the city's founding can be traced back to the Qing and Han dynasties around 2,200 years ago, said Du Linyuan, a professor at Yan'an University.

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The effect is becoming clear. Zhejiang Province has basically eliminated black and odorous waters and it has vowed to deal with any water "below Grade V," the lowest level of China's water quality grading system.

The event provides an exchange platform for the international infrastructure sector, and promotes Macao's role as a platform of commercial and trade cooperation service between China and Portuguese-speaking countries, organizers said.

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The event attracted hundreds of local Americans on opening day.

The economy still faces downward pressure from perspectives of demand and production and stabilizing economic fundamentals remains a top priority in the near-term, information provider eastmoney.com reported, quoting a research note from Huatai Securities.