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As always, when a piece of legislation is passed, the key is in the implementation, he noted, adding that how rigorously the implementing regulations are written will be key to the success of the enforcement.

As banks are still under stress of rectifying existing WMPs, they will further accelerate the transformation of WMPs, improve the product system, strengthen investor education, and enhance their investment and research capabilities, the China Banking Association report said.

As a national guideline calls for strict penalties for improperly parked shared bicycles, companies are turning to positioning technology for solutions.

As a wholly owned subsidiary of AgaMatrix Holdings LLC, WaveForm discovers and develops novel and proprietary new technologies for diabetes care. WaveForm's products under development include innovative continuous glucose monitoring sensor technology, related firmware, software and data storage platforms. WaveForm is also developing a proprietary "closed loop" insulin delivery platform designed to provide a complete solution for patients living with diabetes.

As explained by Cherrie Shi, senior counsel of legal firm FenXun Partners, major reasons for multinational companies moving their manufacturing bases from China to counties in Southeast Asia include China's rising labor costs, overcapacity in heavy industry, and stricter rules and regulations on environmental protection. On the other hand, technology development and skills of the labor force have improved over time in China.