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It is a huge advantage for the US, much larger than US reciprocal travel to China. This has been a strong component to US growth and contributed 0.8 percent to US GDP.

It is necessary to further cut taxes and administrative fees, maintain reasonable capital liquidity and optimize the structure of fiscal expenditure. Second, the government should let the market play a bigger role in eliminating incapable business to stimulate the technological innovation capacity of the manufacturing industry, effectively reduce companies' burden of costs and promote the formation of a strong domestic market.

It is important to ensure that all sectors see their tax burdens lowered and that the prices of materials used in agriculture remain stable, he said.

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It is expected the total revenue of the logistics industry will exceed 9 trillion yuan in 2018, while the total cost of the industry will reach 12 trillion yuan.

It is also the second major law specifically tailored for Hong Kong by the central government, following the Basic Law, Zhang added.

It isn't clear what TikTok's US operations are worth, but estimates run into the tens of billions of dollars. That has raised questions over how Twitter would finance such a deal－Twitter's market capitalization is about billion, while Microsoft's exceeds .6 trillion.

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It is another trade dispute between the United States and its major trading partners in Europe. Earlier this year, Washington threatened to call off a tariff exemption for European steel and aluminum products, and the June 1 deadline is approaching.

It is the second time for ICBC Turkey to take the honor. Gao Xiangyang, the bank's chairman, received the award, while other awards were presented to institutions, businessmen and companies for their contributions to Turkey's capital markets.

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It is likely that China will prove crucial to the brand as the country has been the world's largest market for new energy vehicles and is home to over 100 cities that have more than 1 million people, an ideal market for small-sized vehicles.

It issued a series of favorable policies in recent years. For example, candidates from the two universities can choose positions at public institutions or serve as senior employees in local government departments.