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The goal scheduled for the end of this year is to tackle some of the most pressing issues over digital access, he said, in scenarios including how seniors can pay on public transport, pass through health checkpoints and use banking services.

The government has emphasized that a new kind of reforms emphasizing efficiency, domestic markets, and technological innovation are needed to allow China to continue to grow over the coming decades.

The goat milk formula market in China is forecast to hit 10 billion yuan (.4 billion) this year. The figure was 5 billion yuan in 2015 and 300 million yuan in 2008, said an industry report issued by the China Academy of Social Sciences.

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The fraud litigations — involving action against people who make up facts to obtain illegal benefits — mainly took place in connection with private lending, real estate ownership and demands for unpaid salaries. The number of such litigation cases has risen, according to the SPP.

The government on Wednesday said it has drastically ramped up its support for fresh graduates by creating 2,750 trainee or intern posts for architecture, city planning and engineering graduates, 1,300 positions related to banking and financial technology, 700 jobs in the civil service and another 700 related to the green economy.

The fundamental changes in the city have shaped its character and have further promoted its development by instilling in its residents a spirit of entrepreneurship, something that had been long lost in the planned economy era.

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The government must be dedicated to addressing the problems that most concern the people and let the people enjoy happiness and glory in the process of national rejuvenation, he added.

The government will also promote industrial upgrading by encouraging colleges and research institutions to work with enterprises to build manufacturing innovation centers and developing strategies for the digital economy.

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The fund is also looking at boosting its direct investments, including infrastructure and property projects in the US.

The funds served as a significant financing channel for Belt and Road projects and satisfied the increasing demand for the currency on global capital markets, the article said.