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The regulation, released by the China Banking and Insurance Regulatory Commission, clarified the definition of major related-party transactions, which will be subject to stricter scrutiny.

The report said 2017 saw the first annual increase in jewelry demand since 2013 due to stable gold prices and improving economic conditions, but the sector remains soft compared with long-term average levels.

The regulation, the first of its kind for the Party, is part of the five-year plan (2018-22) that the CPC Central Committee mapped out in February to have an overall design for the Party's institutional construction.

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The report is encouraging as it tells how Chinese people pulled through the pandemic by facing various difficulties, the researcher said.

The regulatory tightening reflected a prudential attitude, which aims to enhance banks' resilience to risks, he added.

The registered capital of the Tianjin unit will increase to 407.6 million yuan from 312.5 million yuan. Leshi's holding in New Leshi Smart Home will be diluted to 33.46 percent from 40.31 percent after the capital increase, but it will remain the biggest shareholder, according to the filing.

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The report is based on an online questionnaire that surveyed over 700 scientists in 20 major cities across the world, the result of collaboration between the Shanghai Institute for Science of Science and United States academic publisher Springer Nature.

The release of the funding follows the successful visit to China by Mnangagwa in April. The project, to be undertaken by Chinese firm Sinohydro, will add 600 megawatts of electricity into the national grid when complete.

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The regulation, released by the China Banking and Insurance Regulatory Commission, clarified the definition of major related-party transactions, which will be subject to stricter scrutiny.

The report said 6.39 percent of California's GDP comes from trade with China. However, an Assembly Joint Resolution (AJR) approved by the congress of the Golden State on Aug 31 indicated that California does more business with China than any other US state.