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The cities of Buffalo and Rochester, N.Y., are joining forces as one economic corridor in hopes of convincing Amazon that the region is a worthwhile contender for HQ2, the proposed second headquarters for the Seattle-based tech giant.

The city's success complements a 2014 plan by China's State Council to boost the development of the sports industry. The plan states that the value of the industry is expected to reach 5 trillion yuan by 2025.

The center warned local residents to reduce outdoor activities and take precautions against geological disasters, including flash floods and mudslides.

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The chaos has also dealt a heavy blow to Hong Kong's economy. It is estimated that each day of paralysis costs the airport cargo worth HK billion. The occupancy rate of the hotels has plummeted further by 30% in July and August, as the number of tourists are down by 31% year on year. The catering business has lost HK.5 billion revenue over the past three months. Cargo export fell by 5.4% in the second quarter. Two large enterprises have postponed plans for multibillion-dollar share listing in Hong Kong. And the SAR Government has slashed its 2019 growth forecast from a previous estimate of 2% to 3% to a range of 0% to 1%.

The central bank's foreign exchange open market operation did not fall into the scope of exchange rate manipulation, the MOC pointed out.

The central bank also will monitor a potential global inflation rebound and the withdrawal of major economies' quantitative easing policies.

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The central bank will walk a fine line between supporting economic growth and keeping a lid on the leverage level, Pan said.

The center, underpinned by IoT, realizes the whole process control, intelligent recognition and rapid distribution of large parcels by applying the computer vision and robot scheduling technology. The logistics efficiency could be enhanced by 1.6 times compared with traditional manpower.

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The central government is striving to build a nationwide social credit system based upon municipal and provincial-level data, according to the commission.

The central bank will also support the development of small and medium-sized financial institutions, and diversify the banking and credit systems, Pan said.