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The continuous inflow of foreign capital was attributed to the current high profitability, low valuation, and increased openness of the A-share market, industry analysts said.

The country wants to introduce dairy products such as different types of cheese to the Chinese market, which in the official's words are "highly valued by the Chinese people and produced with high quality by Argentina."

The country officially kicked off 5G commercial use in 2019. Telecom carriers have invested a lot to build a 5G network, while mobile phone producers have scrambled to introduce 5G smartphones.

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The congress will hear and review a report by the 17th CYL Central Committee, amend the CYL constitution and elect the 18th Central Committee, according to an official statement Saturday.

The country is expected to see more typhoons this year. The first typhoon arrived 75 days earlier than last year. While seven typhoons have formed, the country will see another 21 to 23 of them in its territory, about six of which will hit the mainland, the headquarters said.

The conference stressed making full use of advanced technologies to enhance fire alarm and response systems, ensuring sufficient fire water supply and road clearance, and increasing public awareness of fire safety through brochures and public service announcements.

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The country will increase funding and roll out targeted tax and fee reduction measures to ease the strain on firms, according to a statement issued after the meeting.

The construction of a science park covering about 200 hectares started on Sept 26. Gong Shangyun, an official with the Nansha government, said the park will be completed in 2022.

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The country will use a variety of tools including reserve requirement ratio cuts, interest rate reductions and re-lending to enable M2 money supply and aggregate financing to grow at notably higher rates than last year, said the report.

The country should also leverage more effective fiscal and financial policies to help the Chinese economy weather the current global financial storm triggered by the US stock market turbulence.