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The remarks echo ideas floated by Heizo Takenaka, a former economy minister with close ties to Suga, who has said the government should focus on its recent goal of promoting digitalisation in Japan.

The remarks came during a seminar held by the One Country Two Systems Youth Forum (OCTS Youth Forum) amid another mass anti-government protest on Sunday. A book launch of A Debate of Two Systems was held before the talk.

The regulation is a revised one passed on Wednesday at the 18th session of the Standing Committee of the 13th Henan Provincial People's Congress, the local legislature.

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The regulator said forex supply and demand in August has been more balanced than the previous month, while capital inflows from trade and investment have increased.

The regulator said it will continuously push ahead with the opening-up of China's banking and insurance sectors and keep improving the business environment, so that a larger number of foreign banks and insurers that meet regulatory requirements will be allowed to participate in the Chinese financial market.

The report also suggested how to formulate public service policies needed to adjust to the current demographic for the aging society.

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The report forecasts a "relatively modest" rebound in non-resident capital flows to emerging markets this year and next year, due to loose monetary policy in developed economies such as the United States, Europe and Japan.

The report also takes cognizance of the large scale of local government debt, default pressure of corporate credit securities, the downturn in some real estate markets across the country, the fraud-prone internet finance sector, and some financial institutions troubled by poor governance and bad loans. Even issues like illegal fund raising by some private-sector players like venture capital firms and online sneaker peddlers have attracted PBOC attention in recent months. Such factors may also trigger financial risks that could potentially spread and destabilize the country's financial system.

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The rejection of the suspension means the city's police force cannot enforce the anti-mask law until the results of the appeal on the ruling come out — and the government would have to win the appeal.

The report also found that income inequality remains very high in numerous countries, but there is evidence of noticeable improvements in some developing countries over the last decade.