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Looking ahead, analysts said that banks need to adopt a balanced and prudent growth model and should be prepared for external shocks such as the impact of the interest rate hikes by the US Federal Reserve.

Local police took a suspect into custody surnamed Qiu, 48, who is unemployed and lives in Xinluo district.

Longtime border official Ron Vitiello appeared to be cruising toward confirmation. One Senate committee had endorsed his nomination and a second was likely to follow suit despite opposition from some Democrats and a union representing some agency officers.

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Looking into the future, Xi said he is confident about the development of the China-Russia comprehensive strategic cooperative partnership, and that he is ready to work with President Putin to help guide and promote continued and healthy development of China-Russia ties.

Local tourism also suffered a blow, according to reports, as tourist events and hotel reservations were cancelled in areas hit by the heavy rain.

Liu, who is also from Qingdao, was Jiang's classmate during their middle school years, and the two became close friends after meeting each other in Japan.

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Liu, 62, former vice-chairman of the Hubei Committee of the Chinese People's Political Consultative Conference, was accused of bribery by the Nanyang City People's Procuratorate in Central China's Henan province. The Nanyang City People's Procuratorate prosecuted the case in the Nanyang city Intermediate People's Court.

Liu, who is also former vice-president of the Development Research Center of the State Council, said lack of financial institutions and products which target private and small businesses also leads to shortages of affordable financing.

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Located in the center of Inner Mongolia, Ulaanqab is an important national production hub for potatoes, commercial potatoes and special potatoes for processing. 

Livestock grazing poses one of the greatest dangers to giant pandas, having damaged more than one-third of the rare animals' habitat in a model nature reserve, a study by Chinese and US scientists has found.