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Seventy-eight projects valued at 23.49 billion yuan (.42 billion) were signed at the Haixi Sub-Fair of 20th Qinghai China Investment and Trade Fair for Green Development. The projects cover many areas, such as chemistry (salt), new materials, equipment manufacturing and tourism.

Shanghai has set a target to help businesses reduce their cost burden by 50 billion yuan (.2 billion) this year, according to the commission.

Seven years on, residents along Japan's northeast coast have rebuilt their lives alongside huge sea walls that experts say will protect them if another giant tsunami, which some see as inevitable in a seismically active nation like Japan, was to strike.

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Shanghai aims to become a hub for cruise tourism and a base for cruise companies' headquarters across the Asia-Pacific region, as well as a world-class home port and cruise tourism destination, by further innovating the policies, expanding its regional influence and upgrading the service capability for the cruise industry, said the municipal culture and tourism bureau.

Several days later, Finance Minister Liu Kun said the "actual cuts" to the central government's operational costs may exceed 10 percent, leaving only "necessary spending". The Ministry of Finance said "expenditures for providing general public services" will get a close look but did not share clearly defined areas or specific items to trim.

She added: "The styling could be intimidating for people who wear qipao for the first time. Just like wearing a kimono (traditional Japanese garment), there are some particular styling techniques for qipao. Our professional team is here to help anyone who is interested."

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Shadow banking, or the lending business outside the banking system, has drawn high attention from the country's top leadership, as the sector can spark systemic risks and has expanded at a 20-percent-plus annual rate in China for years since 2008, the report said.

Shared bikes near a subway station in Beijing. [Photo by Zhu Xingxin/China Daily]

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Shanghai will play an even greater role in shaping the brand's success throughout Asia-Pacific, said the company. The region's size and economic power, together with its rapidly changing consumer trends, growing cities and fast-paced e-commerce and digital landscape are driving new opportunities for Adidas, according to the company.

Shared working spaces will find it hard to make money if they rely solely on government tax cuts or desk rental to cover operational costs, he said.