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The move will streamline boarding procedures and improve services, the company said.

The move indicates the company will enter the New Leshi era with Sun Hongbin as central to the leadership, according to Shanghai Securities News.

The move came days ahead of Paraguayan President Mario Abdo Benitez's visit to the United States on Dec. 13, which will be the first visit of a Paraguayan president to the United States in more than a decade.

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The move could take the form of more preferential policies, funds, and projects to encourage students to study relevant majors, including elderly care, it said.

The nation's GDP, an important indicator of the country's economic achievements, hit 99.1 trillion yuan (.52 trillion) last year, an over 40 percent increase from 68.9 trillion yuan in 2015. Its per capita GDP also exceeded ,000 for the first time in history in 2019.

The more transparent and streamlined the policy is, the easier it will be to attract foreign investment in key sectors of the economy.

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The nation's top leadership has said the resolution and prevention of financial risks and the promotion of economic deleveraging will be key tasks this year, as many experts had predicted.

The mission verified the rocket’s overall design and reliability, the company said. It fulfilled a long, controllable flight, carrying a payload for Shenyang Aircraft Design and Research Institute under Aviation Industry Corp of China, obtaining a great deal of data for the rocket designers and the institute.

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The move is aimed to promote the liberalization of Yunnan's foreign trade, innovate modes of cross-border economic cooperation and build Yunnan into China's open front to South Asia and Southeast Asia.

The nation's investment rate, or fixed capital formation over GDP, declined starting from 2015, after it was sustained at elevated levels of around 45 percent from 2009 to 2013, data from the National Bureau of Statistics showed.