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That translated into 45 million young adults using the money of tomorrow for discretionary purchases, Ant said. People born in the 1990s constitute 47.3 percent of the platform's registered users.

The 20 measures, unveiled in a guideline released by the General Office of the State Council on July 21, are the central government's latest effort to slash corporate burdens and energize market players after the COVID-19 pandemic caused the economy to contract by 1.6 percent in the first half of the year.

The 20-meter-long Kuaizhou 1A has a liftoff weight of about 30 metric tons. It is capable of sending 200 kilograms of payload into a sun-synchronous orbit, or 300 kg of payload into a low-Earth orbit, the company said.

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That's not an empty corporate boast. The quality of its products, Jier's professional services and the high level of expertise of its engineers have impressed Ford Motor Co of the United States so much that it is no longer relying on German suppliers.

The 19th National Congress of the Communist Party of China held last month has set the blueprint for China's future development, Li noted, adding that China's economy is enjoying steady and sustainable growth, which is set to create new opportunities and inject new energy into the development of the Asia-Pacific region and the world at large.

The 2.18 billion yuan (33.53 billion yen) deal will make Ping An the seventh largest shareholder of Shionogi Inc. Founded in 1878, it is a leading pharmaceutical company in Japan dedicating in development, production and sales of drugs.

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That story of SMEs may change soon. InQbrands Inc, a US-headquartered internet-based brand-building service provider, whose parent is a Chinese company, has taken upon itself the challenge of giving Chinese SMEs a recognizable face and the gloss of reputable brands.

The 16th China Steel Industry Chain Market Summit is held in Beijing on Nov 27-28. [Photo provided to chinadaily.com.cn]

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That same principle forms the foundation of the reinsurance industry, which champions sustainability and helps societies to become more resilient. The focus on higher-quality growth inevitably puts the spotlight on different risks that could jeopardize the longer-term future of society and people's quality of life, such as major natural catastrophes or epidemics.

The "one country, two systems" principle has proved workable and popular in the Macao, as is shown by Macao's success over the past 20 years, said Fu Ziying, director of the Liaison Office of the Central People's Government in the Macao Special Administrative Region.