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Commissioners have been designated to survey companies' demand for workforces and mobilize migrant workers and villagers in the countryside, he said.

Compared with Taobao and Kuaishou, another major short-video platform in China, Douyin's livestreaming business in the e-commerce sector has performed below expectations. Statistics from the Everbright Securities show China's livestreaming market in e-commerce sector is expected to reach 440 billion yuan in 2019, with Taobao accounting for 250 billion yuan, Kuaishou 150 billion yuan and Douyin merely 40 billion.

Compared with treasuries and policy bank bonds, Chinese corporate bonds are not so attractive so far for the foreign investor, given the current level of corporate disclosure and governance quality. Concerns on potential default risks might have discouraged them to increase holdings in asset allocations.

Coastal areas in eastern China have kept a close eye on the progress of super typhoon Maria and have activated emergency measures to cope with it - the eighth typhoon this year.

Competition is a normal phenomenon in the market; benign competition shapes a healthy market. Admittedly, the emerging Chinese enterprises have intensified market competition. On the one hand, more and more Chinese enterprises have become powerful participants in the global competition. They possess strong learning skills and flexible responses. On the other hand, in the fields suffering from overcapacity, all the participants are facing increasing pressure from competition.