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More than 600,000 small and micro-sized businesses borrowed from the bank with average loans for each firm less than 1.6 million yuan (0,434), according to the bank.

More than 60 million people have been lifted out of poverty in the past five years, with the poverty headcount ratio dropping from 10.2 to less than 4 percent, he said.

More and more overseas companies are starting operations in Hainan, as the island has taken a large number of measures aimed at making solid progress in building the China (Hainan) Pilot Free Trade Zone and a free trade port with Chinese characteristics, as well as exploring a new open economic system.

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Mooncake manufacturers in southern China's Guangdong province are looking forward to a bright and prosperous Mid-Autumn Festival this year amid increased overseas demand for the festive treat.

More than 200 customs and police officers on Aug 13 began the crackdown operation in Guangxi, Beijing and the provinces of Liaoning, Hebei, Shandong, Hubei and Guangdong.

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More than 12 million tourists have purchased duty-free products worth 38.5 billion yuan from April 20, 2011, to the end of October this year, the official said.

Moon said the era of peace and prosperity on the peninsula was approaching further, noting that the second Kim-Trump summit was anticipated to become a historic meeting which turns the peninsula from the era of confrontation and hostility into one of peace and prosperity.

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More measures will be adopted to refine the process of attracting foreign talent, with more convenient visa and permanent residence policies for high-caliber talent.

More recently, the wooden ferry Kim Nirvana capsized shortly after departure off the city of Ormoc in the central Philippines in 2015, killing 61 people.