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He said a typical two-bedroom condo is 1,400 square feet, which cost .2 million at a price closer to ,000 per square foot in some cases. The most expensive apartment on Billionaire's Row – the ultra-luxury residential skyscrapers constructed or in development on West 57th Street -- sold for about 0 million.

He said he had noticed a significant improvement in the quality of Chinese academic studies and the output of China's universities over the past three years, laying a solid foundation for good R&D work.

He said that from 2015 to 2017 Anhui had investigated 42 cases in which a total of 27,200 metric tons of solid waste from outside the province had been dumped along the Yangtze inside Anhui.

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He said it was an approach favored by intellectuals and so-called experts, but when he interviewed the families of the victims, he found many of them were angry.

He said he expected consumer prices to grow by 2 percent this year, falling well within the country's target of staying below 3 percent.

He said shadow banking in China could be concern, but not crisis, and still manageable.

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He said it was part of his administration's mandate to revive the rail sector.

He said that globally, Melbourne's biggest competitors for Chinese investment were Manchester in Britain and Miami in the United States.

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He said China urges the US to correct its mistakes and stop damaging China's interests and Sino-US ties. He said China does not believe in a confrontation-based security pattern and that the world should not return to the path of cold war. 

He said countries including China, the US, South Korea and Japan are all fully committed to a bright future for the DPRK if Pyongyang is willing to denuclearize.