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Referring to Hungary as an increasingly important force in regional and international affairs, Wang said that against an international backdrop full of challenges, the two countries should continue to support each other's core interests and major concerns, build on the progress made by the two sides in jointly constructing the Belt and Road, and expand cooperation in various fields.

Reducing the debt ratio of State-owned enterprises, for example, entails reforms to strengthen corporate governance and higher efficiency, she said, adding that China's efforts to develop a stronger capital market will not only reduce the corporate debt level by increasing equity financing but also contribute to economic growth.

Raman will relocate from Seattle to Chicago as part of the appointment. Tricia Duryee at All Things D?reports that Raman is the first big-name hire at Groupon since the company restated fourth quarter earnings. The stock has lost nearly a third of its value in the past month.

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Raphael Angieri, a senior from Georgetown University majoring in culture and politics, won first place. In his speech, Angieri recalled his first time in China living with a host family in Beijing six years ago.

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ReNeuron’s two major innovations involve stem cell procedures for stroke patients and sufferers of the retinal disease retinitis pigmentosa, which leads to blindness. Both treatments are yet to reach market and are undergoing trials in the United States and the United Kingdom.

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R&D investment will occupy 3.5 percent of the area's GDP in 2025, and 5 percent in 2035, the plan stated.

Reforms include changing shareholding structure and reducing non-core assets. SOEs have also been encouraged to foster innovation and streamline management.