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财政分权对经济增长的实证研究

The report outlines enormous potential gains from the increasingly interconnected global economy, but calls for "concerted global efforts to spread the wealth potential to the many people who currently reap little benefit from it".

The regulation will go into force on June 1.

The remarks came as Ofo and Mobike, once touted as investor darlings, pedaled toward an uncertain future, due mostly to overexpansion and their struggles to find profitable business models.

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The report showed that takeout services had a direct impact on the sales revenue and profit growth of the sector. According to the CCPIT Academy's survey, during the past three years, the contribution rate of takeout service to restaurants' sales revenue and profits has been increasing on a yearly basis. In 2019, takeout service contributed to 75 percent and 65 percent of the increment in total sales revenue and total profits of the catering industry, respectively.

The region is also at greater risk of forest fires because of the high temperatures and low humidity.

The remnants of the impoverished Chinese are mainly from a mosaic of ethnic communities scattered across western regions-commonly referred to as the Three Areas and Three Prefectures-which are deeply impoverished, officials said.

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The regulatory tightening reflected a prudential attitude, which aims to enhance banks' resilience to risks, he added.

The report also showed a robust growth in international tourism. The total spending in global travel reached .3 trillion in 2017, marking the highest growth for the eighth consecutive year.

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The report also estimated that consumption will contribute to over 60 percent of total GDP growth while consumption gaps between urban and rural areas as well as among different regions will narrow.

The report also shows the developer raked in 367.89 billion yuan revenue in 2019, up by 23.6 percent, and its net profit recorded year-on-year growth of 15 percent.