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Yip further said that the central government's deleveraging campaign is creating a tight financial environment, and limited domestic financing channels has affected investors' financing capacity.

Yu Feng, president of the Beijing school, signed a development initiative for the program and other joint efforts with Robert Martin, director of the New York school, on Sunday in Beijing.

Yet he noted that the 14-day quarantine arrangement in Shenzhen is still troublesome and remains a financial burden, so he would not return to Hong Kong until he can cross the boundary with no restrictions.

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Yuan Fangcheng, professor of the School of Politics and International Studies of Central China Normal University, believes China's success not only lies in its economic miracle, but also in political reasons.

Yong Mei is in Edinburgh with the Chinese online video-streaming platform iQiyito film three short travel features about the city. The series will showcase a range of locations and is likely to get millions of views when it is aired later this year.

Young people attend a Kunpeng program in Fujian province. [Photo/Provided to China Daily]

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Ying Wang and Reuters contributed to the story.

Yu said: "The younger generation can use our wisdom to explore new opportunities and my mom can have more of her own time."

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Young Chinese parents' anxiety and eagerness about their kids' future go back a long way. A story tracing back to 365 BC goes that the mother of great Chinese philosopher Mencius moved home three times to ensure an environment conducive to her son's education.

Yu Guiting, board chairman of Cangzhou-based Dongsu Group, in his office [Photo by Yuan Fang/China.org.cn]