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The California FAIR Plan is an insurance pool of all licensed property insurers established in the 1960s to assure the availability of basic property insurance for those who can't get insurance on the standard market.

The Chinese challenge

The Chinese mainland economy will see "slower but higher quality growth" in the second half of this year, Industrial and Commercial Bank of China International said, retaining its 6.7 percent full-year prediction for GDP growth.

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The China Securities Regulatory Commission has forwarded the SIETC's application to the State Council, the country's Cabinet, for the final green signal.

The Chinese government puts great emphasis on financial services for the real economy, including for the small and micro businesses. Li called for giving greater priority to small and micro businesses in providing affordable finance to energize these businesses and boost employment.

The China National Committee on Aging projects the number will reach 300 million by 2025, and peak at 487 million in 2053, when around one in three people in China will be over 60.

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The Chinese company, a top smartphone seller in the United States, pleaded guilty last year in federal court in Texas for conspiring to violate US sanctions by illegally shipping US goods and technology to Iran. It has already paid 0 million in fines and penalties, with an additional penalty of 0 million that could be imposed.

The China Bulk Merchandise Index (CBMI), a gauge of domestic bulk commodity market growth, stood at 104.8 percent in April, up by 1.7 percentage points compared with March, according to the China Federation of Logistics & Purchasing earlier this month.

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The Central Commission for Discipline Inspection of the CPC, the top graft watchdog, said all 15 townships in Zhangjiakou's Kangbao county had embezzled relief and agricultural funds and the county's disciplinary officials had failed to investigate the cases and accepted bribes.

The Chinese government has toughened up regulation over bitcoin and other digital cryptocurrency to rein in financial risks, with exchanges closed and trading halted.