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BEIJING - Beijing has offered a total of 20 million yuan (about .9 million) to the cinemas in the city to mitigate the impact of COVID-19 on their business, local authorities said Wednesday.

BEIJING - As China opens up its financial market to the world, global investors are increasingly adding Chinese stocks into their portfolio.

Authorities in Guangzhou, the capital of Guangdong province, have planned to establish a futures exchange, a commercial bank and an international financial island to facilitate the overall development of the Guangdong-Hong Kong-Macao Greater Bay Area, according to a senior government official.

BEIJING - Beijing will shut down 1,000 manufacturing companies and 300 markets and logistics centers by 2020, to further move its non-capital functions out of the city, according to a press conference from the ongoing local legislative session Saturday.

BAODU FENG