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The country will implement subsidy-free projects for wind and photovoltaic power to further increase installed capacity and power output by renewables to boost energy transformation, said a circular jointly released by the NEA and the National Development and Reform Commission.

The country has become the world's first major economy that has shown robust recovery from the damage caused by the COVID-19 pandemic as the economy returned to growth from a sharp contraction of 6.8 percent in the first quarter.

The country saw 609,685 infections with 26,059 deaths as of Wednesday morning, according to a tally by Johns Hopkins University.

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The conference was jointly sponsored by high-profile organizations including the United Nations Institute for Training and Research and the Shanghai Academy of Social Sciences, and hosted by CIFAL Shanghai, a training center of UNITAR.

The consumption sector in particular will post strong performance during the festive period, given that it is one of the peak seasons in the year. [Photo/VCG]

The contract for settlement in December 2020 closed 0.04 percent higher at 100.08 yuan. The contract for settlement in March 2021 closed 0.02 percent lower at 99.67 yuan.

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The country will continue to open and work with the whole world in improving global cooperation and stability, contributing more to the global economy, he said.

The conference, now in its third year, is expected to add new momentum into the city's high-quality development.

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The conference is expected to attract more than 600 global executives, government officials and experts. So far, senior executives from 88 global service trade companies have confirmed their attendance.

The conference has been held every five years since 1997 and is widely considered to set the tone for financial reforms.