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It also changed the company name from Walnut Street Group Holding Ltd to Pinduoduo Inc, identical to that of its iconic mobile app.

It added that private sector is now the growth engine of China, accounting for 70 percent of economic output. A recovery in this part of the economy is therefore more sustainable.

It is Alibaba's first joint research institute outside China, with a pool of 50 researchers from both organizations.

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It found, however, that they were likely to be more generous on expensive products or experiences that are conventionally considered unnecessary.

It also raised the upper limit of compensation from 3 million yuan to 5 million yuan (4,850 to 1,420).

It called for the "ongoing implementation of comprehensive public health measures" including high levels of testing and mask wearing, contact tracing and mandatory quarantine periods for international arrivals and positive cases.

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It found workers from the Chinese diaspora earned 30.9 percent more than white British employees in 2018.

It had been three days since Xiao Wei made a stop in the coastal city of Dandong, in Northeast China's Liaoning province.

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It also helped villagers with their hosting and accommodation businesses by offering financial support and other measures. To date, the village has 12 family-run homestay businesses, three agri-tainment centers (a form of entertainment where urban tourists can experience the life of farmers like harvesting crops and fruits, eating and sleeping in farmers' homes), and a sales center that has products associated with local culture.

It aims to raise up to 0 billion from the IPO of a five-percent stake of the company with a trillion valuation, which could make it the most valuable company in the world.