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The central government has increased the basic living allowance it gives to orphans by 50 percent beginning this year, said Guo Yuqiang, director of the child welfare department of the ministry, at a press conference.

The central bank will strengthen monitoring and early warnings of default risks, improve the bond default disposal mechanism, and enrich market-oriented default disposal methods, it said.

The central government will not "pay the bill" or provide bailouts for local governments and financial institutions when default risks arise, said the report.

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The center renewed a yellow alert for heavy rain in the country's southern regions on Monday, saying rainstorms are expected to hit parts of Guangdong, Taiwan, southern Fujian and Jiangxi, southeastern Hunan, southwestern Guizhou, eastern Yunnan and Guangxi from Monday to Thursday. These areas will have an accumulated rainfall of 100 to 250 millimeters.

The center warned that certain areas of Beijing and Sichuan Basin will experience downpours.

The central government will take more steps to improve data quality and speed up the legislation process as part of its efforts to create a nationwide social credit system, officials said.

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The city is accelerating legislation on the promotion of overseas investment to create a more favorable business environment and better protect the legal rights and interests of overseas investors.

The city's GDP saw a stunning drop in growth to 3.6 percent in late 2017 from 9 percent expansion in 2016.

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The changes have resulted in a surge in the number of visitors and flourishing property and hotel businesses.

The ceremony was supported by the publicity department of the Hainan Provincial Party Committee and the People's Publishing House. Joint organizers include the Hainan Federation of Humanities and Social Sciences, Hainan Daily, Hainan University, and Hainan Phoenix Xinhua Publication and Distribution Co Ltd.