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The president's love of classics also showed up in his choice of literary allusions. "Old gives way to new, and nothing will stop in the course of time," a quote from philosopher Wang Fuzhi of the Ming Dynasty (1368-1644), was given fresh wording in Xi's speech.

The price of newly built commercial property in Xiamen dropped by an average of 0.1 percent compared to July, while the market in Beijing remained stable with the average price unchanged from the previous month.

The proportion of mainland-based respondents that maintained or increased their usage of mobile payments or digital wallets, wealth management technology and fintech lending was also the highest over the past year, Chan said.

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The prolonged street violence also overburdened the police, forcing 12,000 officers to work overtime, some on duty for 50 to 60 hours in one stretch, during the social unrest. Overtime payments accounted for the roughly HK billion (5 million) budget overrun last year, Tang explained.

The programs aim at providing English AI courses free of charge to teachers and students who have learning needs but are limited by conditions to help them improve their all-round English ability. Since June, LAIX has helped more than 2,400 teachers and 12,500 students, covering 108 schools in 19 provinces and municipalities across the country.

The project will be fully completed in three years, and go into commercial operation and be connected to the national grid by April 2021.

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The private sector plays an important role in China's economy, contributing more than 50 percent of tax revenue, 60 percent of GDP, 70 percent of technological innovation, 80 percent of urban employment and 90 percent of new jobs and new firms.

The probe has focused on whether the data sharing of data and other privacy disputes violated a 2011 agreement with the FTC to safeguard users' privacy.

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The promotion came amid worry about the leadership vacuum, caused by Chairman Lee who has been hospitalized for about three and a half years and Vice-Chairman Lee, the chairman's only son and heir apparent, who was in jail over his involvement in a corruption scandal embroiling impeached President Park Geun-hye.

The premier made the statement while meeting with a Japanese economic delegation headed by Yohei Kono, president of the Japanese Association for the Promotion of International Trade, at the Great Hall of the People on Monday.