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The issues were decided on Tuesday at the State Council's executive meeting chaired by Premier Li Keqiang.

The launch of the program is part of China's effort to open its multi-trillion dollar asset management industry to international players who previously could enter the market by owning a minority stake in a joint venture with a local Chinese partner.

The investment targets are Chinese and foreign companies along the industry chain, and the amount of money appropriated overseas could reach .5 billion, the Shenzhen-listed company said in a filing on Tuesday.

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The kindergarten was closed, and the children were all transferred elsewhere, local authorities said.

The latest data showed that it has accumulated 5 million paid users, with half of them from third- to sixth-tier areas in China.

The investments accounted for 17.2 percent of the country's total non-financial outbound direct investments in the same period, up by 4.8 percentage points from a year ago.

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The jewelry business expanded rapidly as a greater number of players threw their hats in the ring, eyeing a piece of the pie in the booming industry. By 2003, Shuibei Jewelry Village had become home to more than 300 jewelry-related enterprises, and the number continued to climb at a fast pace.

The latest two Y-12E aircraft were delivered to Nepal on April 17. They will be used for domestic short distance transportation, the HAIG said.

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The large market potential has also attracted interest from the investing community. By the end of last year, nearly 30 startup companies in the education and study tour segment had gained pre-Series A funding, according to data from Chuanxibang, a marketing and communication service provider in the education industry.

The judge at Yixiu District People's Court in Anqing city urged the couple to cherish life with their family, and took time to explain the problems that could arise regarding the allocation of property and child support if the divorce was granted.