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By the end of June, the defaulters had been prevented from taking 12.22 million flights and 4.58 million rail journeys, while courts have blocked those acting as executives or legal representatives of businesses 280,000 times, according to the top court.

By leveraging digital technologies, the consumer retail companies could build up a demand-driven supply chain system and optimize overall operation, said Jessie Qian, head of consumer & retail at KPMG China.

By the end of March, the securities sector subindex had rebounded by more than 70 percent from its trough in the fourth quarter, having largely priced in the improved earnings, Hong said.

By quickly filling the least desirable jobs, immigrants "grease the wheels of the economy", allowing production to resume much faster, which opens up more desirable jobs for US citizens, Bier said.

By piloting innovative projects in the development zones, China hopes to replicate success nationwide and offer Chinese solutions to other countries.