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The global community needs sustainable, balanced and inclusive measures to reinstate and enrich economic growth, and countries should learn from each other to overcome challenges, a prestigious scholar from Saudi Arabia said at the Global Think Tank Webinar on Wednesday.

The government will further streamline administration, enhance compliance oversight and improve service as well as the policy matrix for cross-border e-commerce, to boost efficiency and reduce costs of doing business.

The government also promised measures such as introducing a mixed ownership system and more efforts to make SOEs leaner and healthier, especially in the steel, coal and power sectors.

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The global communications agency specializes in a variety of areas, including crisis communication, media relations, public affairs, brand marketing, reputation management, and research and analytics.

The government will continue to deleverage the economy by firmly taking a prudent monetary policy and prioritizing reducing leverage in state-owned enterprises, Xi added.

The fund manager also inked a memorandum of understanding with Agricultural Bank to deepen its strategic partnership after the lender became a cornerstone investor of Amundi in 2015.

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The four-day event themed "An Open and Innovative Asia for a World of Greater Prosperity" is being held in southern Chinese island province Hainan on April 8-11.

The free app has gained widespread high praise from parents and teachers alike since its launch in early September, with more than 400,000 downloads in three weeks.

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The furniture exhibition, which will run from July 9 to 12, will focus on intelligent manufacturing and businesses involved in the national Internet Plus strategy aimed at promoting the integration of internet technologies with traditional industries.

The fundamental cause of trade deficit is the imbalance between a country's savings and investments, said Sinem Sonmez, professor with the Department of Economics and Finance at Baruch College, the City University of New York.