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Increased healthcare research and development is bound to see the country advance in certain fields, Chen said, adding, "China is quite active in a number of new research areas, such as AI (artificial intelligence) for image reading and CAR-T (cell therapy) research."

In today's world, multi-polarity is clearly the order of the day. The transition to a multi-polar world has been fraught with ups and downs. The end of the Cold War actually started a process toward a more multi-polar world. The collective rise of emerging markets and developing countries at the turn of the century, among other things, marks a major shift in global politics and greater equilibrium in the balance of power. Accounting for two-fifths of the world economy and four-fifths of global growth, they make a strong force for world peace and development.

Industrial and Commercial Bank of China Ltd also provided more targeted services for the real economy. In the first half, its domestic renminbi loans increased by 851.3 billion yuan from the end of last year.

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Industries including telecommunication, winemaking, ports, fertilizer, power supply, home appliances, papermaking and pharmaceuticals led the increase.

Indeed, the economic exchange between the southern US and China is thriving on many fronts. Consul General of China in Houston Li Qiangmin said that based on official data, direct investment to the eight southern states in his consular districts has been over billion in recent years.

Ing Hay, who immigrated to the United States in 1887, brought his knowledge of herbology and pulsology to a remote part of Oregon during a time when Western medicine was still in its infancy.

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In total, UK car production fell by 2.9 percent in the first half, with 866,656 cars rolling off production lines, the SMMT said. Global demand for British-built cars slipped by 0.9 percent.

Income inequality among regions is reflective of the economic development of the past. However, government policies and current economic realities in China's east coast provinces (rapidly rising costs, among other factors) are fueling development in the central and south-western regions, where production and living costs are more competitive.

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In this 800-meter hutong, there are 44 courtyards with 800 families, a hospital and a primary school. The parking issue had been a headache for people living there.

In total, rich nations representing 14 percent of the world's population have bought 53 percent of all the most promising vaccines so far. Oxfam estimated that only 10 percent of the populations in 70 poor countries will get vaccinated in 2021.