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Mainland retail and institutional investors are the ultimate absolute return investors: their preference is to buy equities for growth, and buy bonds or wealth management products for stable returns. All else being equal, earnings-per-share growth is the ultimate driver of long-term share price return. Consistent growth over multiple years can make expensive stocks at today's valuations become undemanding or cheap several years down the road when such growth is delivered.

Ma said Guangdong will continue to promote the a legal, international and convenient business environment, and accelerate the improvement of the internal transport network in Guangzhou, Shenzhen, Hong Kong and Guangzhou, Zhuhai and Macao, and strive to promote one-hour access between major cities.

Mahan Air has seen increases in passenger numbers from countries along the Belt and Road Initiative and has vowed to further develop the routes.

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Many Americans who graduated from Yale have played a major role in US-China relations. George H. W. Bush, a graduate in 1948, became the head of the US Liaison Office in China in 1974. He was followed by Winston Lord, Clark Randt Jr and Gary Locke, all Yale graduates, to become US ambassadors to China.

Making his second Supreme Court appointment less than 18 months into his presidency will let Trump cement conservative control of the court for years to come. Such a move would likely fire up Trump supporters eager for a rightward shift on divisive social issues such as abortion and gay rights.

Maggie Lau Ka-wai, acting director of Lingnan University's Centre for Social Policy and Social Change, said the importance of collaboration between the government and NGOs should not be neglected in addressing unmet social needs.

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Many American retailers rely on high-spending tourists, and on Wednesday, Tiffany & Co, the New York-based luxury jeweler, reported that its second-quarter profit and sales fell as it dealt with continued weak spending by Chinese tourists and other international travelers.

Major convenience stores in Japan announced on Tuesday that they will stop selling pornographic magazines in an effort to create a "comfortable environment" before the country plays host to international sports events, such as the 2020 Olympics.

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Ma was appointed UNCTAD special advisor in 2016.

Macao now has a very high average monthly salary of about ,400, much higher than many cities in the Chinese mainland and some developing economies in Southeast Asia, and has reached high levels of social welfare expenditures.