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Shanghai mayor Ying Yong proposed the target in his municipal government work report at the annual session of the Shanghai People's Congress opening on Sunday.

Shanghai-based smart car developer NIO, considered by some to be "China's Tesla" and launched its NIO ES8 electric SUV model last Sunday.

Shares of Three Squirrels have soared from its initial offer price of 14.68 yuan.

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Several new zones are added to last year's Automechanika Shanghai, including e-mobility and infrastructure, connectivity, motorsport and high performance. [Photo provided to China Daily]

Shanghai Allist Pharmaceuticals Co Ltd and Hangzhou Toka Ink Co Ltd will be listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, according to the China Securities Regulatory Commission.

Shanxi began construction on the three sightseeing highways, ending or beginning at these signs－which are called Yellow River No 1, Great Wall No 1 and Taihang No 1 roads－in 2018. With a combined investment of 59.8 billion yuan (.76 billion), the highways will cover a total length of 6,143 kilometers and will be completed in five years.

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Several conditions were placed by the president which were based on the rights preserved for the head of the state under the Maldives Constitution, local media said.

Shanghai's Meteorological Service has issued yellow alerts－the third level of China's four-tier color-coded warning system－for heavy rains and thunderstorms, with Typhoon Yagi expected to make landfall in Zhejiang province on late Sunday night.

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Shannon Cheung, founder, president and CEO of Fin Society. [Photo provided to China Daily]

Several thousand suspect accounts had been frozen, he added.