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The GAC will support the country's 18 pilot free trade zones, national-level new areas and economic development zones to set up comprehensive bonded zones, as well as accelerate the transformation of other types of special customs supervision areas such as upgrading bonded port areas into comprehensive bonded areas, said a statement unveiled by the administration on Tuesday.

The FTAAP would include the 21 members of the Asia-Pacific Economic Cooperation forum, creating a massive free trade zone that would boost economic integration and eliminate the overlap created by the noodle bowl of FTAs. A report from the Pacific Economic Cooperation Council has estimated that the FTAAP, when realized, will add .4 trillion to the global economy.

The Farmers for Free Trade and the California Farm Bureau hosted an event Thursday in Sacramento, which gathered farmers from across California and Secretary of the CDFA Karen Ross, to highlight the negative impacts of China's tariffs on California exports.

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The Golden Roof renovation project at the Potala Palace is almost completed. [Photo by Palden Nyima and Daqiong/chinadaily.com.cn]

The Framework Agreement on Guangdong-Hong Kong-Macao Cooperation in the Development of the Bay Area was signed by Guangdong, Hong Kong and Macao in July and showed infrastructure interconnection will be promoted, transportation links between the Chinese mainland and Hong Kong and Macao will be strengthened and an efficient and convenient modern comprehensive transportation system will be constructed.

The IMF claimed that banks often compensate investors for losses on financial products to preserve their reputations. It said the Chinese government has repeatedly intervened to stabilize financial markets and investors have come to believe that state-owned enterprises will be bailed out if they get into trouble.

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The GDP growth rate has stayed within the range of 6.7 percent to 6.9 percent for 11 quarters, with the jobless rate and inflation remaining stable, he said.

The Fed now projects 2020's GDP to decline 3.7 percent, far below the 6.5 percent drop forecast in June. It also lowered its 2021 forecast to 4 percent from 5 percent and 2022 to 3 percent from 3.5 percent.

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The Federal Emergency Management Agency (FEMA) said it would send 85 trailers to New York to serve as temporary morgues. Similar trailers already in use hold 40 bodies each.

The Greek legislator added that his homeland could be "the gate of Chinese economy to Europe."