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The CBA report also said Chinese banks are exploring innovative business models. For example, they are offering loans to high-tech startups with equity stake in the latter as collateral. By the end of 2016, Chinese banks in Beijing had offered 4 billion yuan in such loans.

The CPC's long-term development plans have also impressed Hilik Bar, deputy speaker of the Knesset, the Israeli parliament.

The British airline Flybe has recently collapsed with all its flights being canceled, and Virgin Atlantic, which sees a "sharp and continual drop in demand for flights," has called on the government to offer a "clear, decisive, unwavering support" for the country's aviation sector.

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The CARES Act is intended to help the self-employed, including independent contractors, gig workers and others who don't qualify for unemployment benefits. Those workers aren't usually tracked in government figures.

The Baihetan hydropower station, a major west-to-east electricity transmission project in China's resource-rich western region, will meet the power demand in Yunnan and Sichuan, while supplying power to the East China Power Grid, Central China Power Grid and China Southern Power Grid.

The Beijing-headquartered group will field-test the world's first automated drive high-speed system, with a designed speed up to 350 kilometers per hour, on the railway line that will link Beijing and Zhangjiakou, host cities of the 2022 Winter Olympics. It has already completed all the tests at the simulation laboratory.

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The CPC Central Committee, the State Council and the Central Military Commission will also jointly issue medals in commemoration of the 70th anniversary as part of the celebration activities.

The BRI is not just about buildings, roads, bridges and other infrastructure projects. China is also providing capital and technology to Africa and the world at large as it advances its BRI strategy.

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The CPC has kept regular contacts with more than 400 political parties and organizations in about 160 countries and regions.

The Belt and Road Initiative is accelerating the economic globalization process. It allows multinational companies, such as L'Oreal, to further expand its worldwide footprint.