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The Government Work Report delivered by Li in March stated that China would continue to cut overcapacity in bloated sectors, with targets this year to slash steel production capacity by around 50 million tons and coal by at least 150 million tons.

The Fifteen China (Shenzhen) International Cultural Industries Fair wrapped up in Shenzhen on Monday. The five-day event attracted more than 22,000 overseas buyers from 103 countries and regions, an increase of 781 people from the previous year.

The Foreign Ministers' Meeting on Security and Stability on Korean Peninsula, co-hosted by Canada and the United States, will be convened in Vancouver on Jan 16, with most of the countries which joined in the 1950-1953 Korean War being invited.

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The Huaian Intermediate People’s Court will hear the case at a later date.

The Fourth Plenary Session of the 19th Central Committee of the CPC earlier this month adopted a decision on how to uphold and improve the system of socialism with Chinese characteristics and advance the modernization of China's system and capacity for governance. It pointed out that the system of socialism with Chinese characteristics and China's system of governance are systems of strong vitality and strength as proven by practice.

The Food and Nutrition Research Institute in the Philippines said an average Filipino household wastes 43 grams of rice each day. This means that the country's nearly 23 million households throw away more than 900,000 kg of rice every day.

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The Healthcare Executive Institute, a Beijing-based think tank, also showed an upward trend in the number of generic drug approvals Chinese companies have received from the FDA in recent years.

The Hong Kong Monetary Authority had also taken steps to bolster the economy by injecting an additional HK0 billion (.6 billion) to HK0 billion in credit, and reducing the counter-cyclical capital buffer from 2.5 percent to 2 percent for local banks in mid-October.

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The Fed increased its 2020 estimate of inflation to 1.2 percent from June's forecast of 0.8 percent. It doesn't expect inflation to reach 2 percent until 2023.

The Hulunbuir factory is the 22nd facility Nestle has set up in China and its fourth dairy manufacturing site in the country. Nestle said it will make efforts to minimize any interim impact and ensure a smooth transition.