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Yang also cited other positive signs including relatively fast growth of the service sector and structural improvement in the industrial sector.

Yangtze Memory Technologies Co Ltd introduces its 128-layer flash memory chip on Monday. [Photo provided to China Daily]

Ye Lifeng, mother of University of Illinois at Urbana-Champaign student Zhang Yingying, arrives at the US Federal Courthouse in Peoria, Illinois, the United States, June 3, 2019. [Photo/Agencies]

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Xu is co-founder and chief executive officer of FountainCap Research & Investment Co — a long-only equity fund managing house which focuses on global long-term opportunities that benefit from China's fundamental transformation.

Xu stressed that a new development model would be tested in Xiongan New Area. Balancing residents rights, controlling house prices and developing industry would be challenging, he said.

Yang Aozheng, chief China analyst with global foreign exchange broker FXTM, said that the daily trading volume of Chinese bonds utilizing the bond connect mechanism has now reached 20 billion yuan (.9 billion) after China's inclusion into the Bloomberg Barclays and JPMorgan indexes, which is tenfold the figure when the bond connect program was launched in July 2017. The inclusion on the FTSE World Government Bond Index will certainly further increase trading volume, Yang said.

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Yao Wenjun, born in 1991 and now working in Shenzhen in southern Guangdong province, witnessed the changes as a girl. "During my six years at primary school, the number of foreign snacks brands near my school grew from none to three, or one every two years", she said with a smile. "Every snack shop gave us a feeling of happiness."

Yang Manxue, vice president of Shaanxi Sengong Hospital, told Xinhua that the hospital has received six injured passengers who are being treated by a team of experts from the top hospitals in Xi'an, the provincial capital.

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Yangchengtong, a major electronic payment company in Guangzhou, is negotiating with its Hong Kong and Macao counterparts to introduce a smart card that will be used in all cities in the Guangdong-Hong Kong-Macao Greater Bay Area before 2022.

Yang was making a two-day visit to Washington that began on Thursday.