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The benchmark Shanghai Composite Index picked up 0.45 percent on Tuesday to close at 2899.94 points while the Shenzhen Component Index added 0.58 percent to end at 9175.83 points.

The average per capita disposable income for rural residents reached 9,778 yuan from January to September, up 7.5 percent after deducting price factors, while that of urban residents increased to 27,430 yuan, up 6.6 percent after deducting price factors.

The base denied the rumor that the giant panda Meng Lan used to suffer from osteomyelitis, a bone inflammation caused by bacteria, but received no treatment at all.

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The bay area's development plan, unveiled earlier this year, supports insurance institutions in the region to jointly develop innovative cross-border motor vehicle and medical insurance products. The document suggests that facilitation services could be provided for cross-border policyholders in areas such as underwriting, investigation and claims.

The association also encouraged insurers to accelerate the development of insurance products and services targeting doctors, nurses, disease control personnel and their families, to provide financial coverage for disability and death caused by virus infection and other accidents during the process of disease control and prevention.

The benchmark Shanghai Composite Index once fell 3.25 percent to 3,374.28 points shortly after the starting of the afternoon session.

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The automotive sector in Shanghai grew 19.1 percent year-on-year to 677.4 billion yuan (6.7 billion) in revenue in 2017, accounting for 19.9 percent of the city's total industrial output value.

The average China Export Containerized Freight Index stood at 830.22 points in August, up 1.2 percent from a month earlier, as the market was in a "traditional peak season," the exchange said in a statement.

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The average tariff rate for cultured and fished aquatic products and processed food such as mineral water will be cut from 15.2 percent to 6.9 percent, according to a statement released after the meeting.

The author is an assistant research fellow at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences. The views do not necessarily reflect those of China Daily.