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The squeeze is on at The Waterwheel Lounge, left, as a new apartment building to the south butts up against its property in Seattle. (GeekWire Photo / Kurt Schlosser)

The size of the swap facility was 25 billion yuan (.62 billion), or NZ billion, and had a three-year maturity that could be extended if both parties agreed.

The stock market typically reacts quickly and positively to a rate cut because lower interest rates encourage growth.

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The strategy of rural vitalization was first proposed as one of the major aspects of developing a modernized economy in a report delivered to the 19th National Congress of the CPC.

The sixth annual Young Leaders Program, jointly organized by the Chinese People's Institute of Foreign Affairs and the France China Foundation, was held under the theme "The Megalopolis of the Future" in Chongqing and Beijing from Oct 11 to 15. It attracted 44 participants.

The small yams, little tubers hardly bigger than a chicken egg, are first steamed or boiled and laid out to dry. A soggy skin is hard to remove cleanly, and drying it off ensures an easier peeling.

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The statement came after a student organization in the university openly recruited members via social media last Friday to initiate "academic discussion" of the feasibility of Hong Kong independence and to "safeguard students' freedom of speech".

The stock prices of PPDAI, one of the first online consumer finance platforms in China launched in June 2007 and listed last month on NYSE, and Yirendai, China's first financial technology company that went public, both dropped over 10 percent Tuesday, according to wallstreetcn.com.

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The speech resonated with grassroots officials, who agreed with Xi that the five years since the 18th CPC National Congress have seen extraordinary development.

The state is "hyper cautious" about nursing homes and senior centers where the vulnerable people gather, he said.