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Lu Ting, chief economist in China with Nomura Securities, said Beijing is relying on demand stimulus, focusing mainly on infrastructure investment, to counter the effect of the coronavirus, which has delivered the worst blow to the economy since the late 1970s.

Luo said the local government will further implement its innovation-driven development strategy and promote "mass innovation and entrepreneurship".

Luxuries - be they cars or handbags - are usually marketed as essentials of a desirable lifestyle and items that will make consumers seem appealing, successful and energetic if they buy them.

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Lu said the establishment of International Panda Day can serve as a reminder of what can be achieved through integrated efforts from all walks of life, home and abroad.

Lying deep in the mountains, the area saw a gradual decline, with young people going to work in the cities, leaving the elderly in the villages. As time rolled by, many houses had collapsed and old trees nestled behind the shabby courtyard walls.

MILAN - Automobile shoppers across the globe are likely to see fewer vehicles and brands if the merger of Fiat Chrysler and France's PSA goes through, but the new company will be big enough to compete in a fast-changing business that requires vast sums of money to develop autonomous and electric vehicles.

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MANILA - China's economy will continue to grow above 6 percent this year and next in line with the Chinese government's growth target of 6 to 6.5 percent, the Asian Development Bank (ADB) said in a report released on Wednesday.

Lyu was spending so much time taking care of her first child that she felt it would be almost impossible to have a second without giving up work.

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Lyu also revealed that the authorities will carry out a random inspection on illegal steel production activities this year, through means such as satellite remote sensing, electricity consumption monitoring, and illegal production activity reporting platforms.

Lyv stated in court that he had no objection to the judgment and would not appeal.