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The Zurich-based Neue Zürcher Zeitung (NZZ), in an article published online on Dec 28, has revealed how US corporate media used a double standard in their reporting about the Hong Kong protests.

The World Economic Forum's Annual Meeting of New Champions in Tianjin encourages new relationships between the world's top academics, entrepreneurs, policy-makers, research institutions and industry.

The accumulated new bonds accounted for about 47.4 percent of the annual local government debt quota of 3.08 trillion yuan, according to a statement from the Ministry of Finance, the People's Bank of China and four other government agencies.

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The accumulated revenue in the first four months of 2020 reached 31.24 billion patacas (about .92 billion), also down by 68.7 percent year-on-year.

The Vehicle Inventory Alert Index released by the of China Automobile Dealers Association showed that Chinese car inventories have hovered above the "alert level" for 15 months in a row, which means the depressed market has not shown an upward turn.

The additional 1 trillion yuan quota will be implemented as soon as the previous 500 billion yuan quota has run out, and detailed policies are to be launched soon, Liu said.

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The achievement was lauded by Neil Shen, global managing partner of Sequoia Capital, who said: "There was a time when Chinese startups were imitators and not innovators. Now the times have changed. Buoyed by the booming mobile internet in the last ten years, Chinese internet firms are now at the forefront in terms of innovation and leading business models, extending into more businesses than their foreign counterparts."

The World Bank's assessment of China's business climate uses Shanghai and Beijing as sample cities, giving Shanghai a weighting of 55 percent and Beijing 45 percent. The administration said it would introduce the Beijing and Shanghai experiences to other cities in the country soon.

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The administration has repeatedly asked websites to gain the correct certificates before providing audio-visual programs. In May, it punished Tencent for spreading self-made political and live news programs and playing vulgar shows on mobile apps including WeChat.

The administration also emphasized the importance of joint efforts from the public. It called on people's awareness of online copyright protection, according to the release.