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He added that companies from the two countries also are discussing hydropower projects in Uzbekistan.

He Nanye, a researcher with the Suning Institute of Finance, attributed the optimism to the country's tax cut, pro-growth policies and economic resilience.

He also said that cutting costs for enterprises remains important along with the nationwide tax reform that changed the country's original business tax to a value-added tax.

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Having been accused of a variety of privacy and security issues in recent years, US-based ride-hailing giant Uber is now making changes to its app to safeguard passenger privacy and security. One step it will take is to stop storing precise location pick-ups and drop-offs in drivers' history logs.

He also stressed the role of basic medical insurance and called for increased reimbursement rate of serious disease insurance.

Hazelwood Green meets Amazon’s core requirements for its second corporate headquarters, perhaps the biggest economic development contest in modern U.S. history. The Seattle-based tech giant plans to announce its HQ2 choice this year, picking from among 20 finalists, including Pittsburgh, to create a billion home for 50,000 workers.

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He admitted the income from newly built property projects has contracted due to the slowdown of the real estate market in first-tier cities. But he feels it is a good sign that their main consumers have changed from the so-called luxury consumers to those who have a real need for quality products.

He added that while this event would also promote Sri Lanka's beauty globally, Sri Lanka itself is undergoing further development with the construction of new hotels and other areas catering especially for tourists.

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He also highlighted the importance of private sector in the construction of the China-proposed initiative, "We think the Belt and Road Initiative cannot be a success without a huge focus on private sector investment -- energy or transportation or whatever sector, soft or hard sector you need multilateral investment banks to be involved. You need a mixture of investments, but also policy reform work to attract more investors into these countries."

He also engaged in profit-making activities in violation of regulations. Making use of his power and position, he purchased houses at low prices and sought profits for himself and his close relatives.