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Republicans have 52 seats in the 100-seat Senate, but their efforts failed as three Republicans, Senators John McCain, Susan Collins and Lisa Murkowski, turned to Democrats.

Regulators, led by then Vice-Premier Zhu Rongji (who later became China's Premier), stopped banks from extending loans to Hainan's real estate sector to prevent larger risks. Consequently, local property prices tumbled, leading to mass bank loan defaults.

Regulation formulation departments should publicize regulations for opinions, it said.

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Reports can be made by phone at 12377 or via email at jubao@12377.cn.

Residents in the zone say the illegal drone flying has gone on for a long time, endangering locals, too.

Regulations stipulate the asset managers must launch products within six months of registering.

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Relations between China and Switzerland have come a long way. Knowledge, understanding and cooperation between our two nations has grown steadily. Today, China is Switzerland's third largest trading partner. Swiss companies and financial institutions have a strong presence in China. In 2017, I chose China for my first visit with representatives from the Swiss financial sector, demonstrating our strong commitment to the Chinese market. China and Switzerland lead more than 30 official sectoral dialogues on topics as diverse as economy, finance, migration, intellectual property, labor law and human rights. In 2016, with the establishment of the Sino-Swiss Innovative Strategic Partnership, bilateral relations reached a new level. This partnership is strengthened by personal contacts in an atmosphere of trust. It allows for profound and respectful dialogues, even when there are differing views. The Sino-Swiss partnership proves that close cooperation between different political and societal models is possible and necessary.

Renminbi is landing in more overseas markets as more Chinese companies embrace international trade. And more importantly, choosing renminbi settlement is a vote of confidence in China's open and strong economy.

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Republicans and Democrats have pushed for more sanctions partly as a response to the election allegations. Trump denies any collusion between his campaign and Moscow.

Regulations on the sale of insurance schemes and public auctions will also take effect from Wednesday.