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Currently, most of the wealth management products have 15-year terms or shorter. Some products, such as equity-backed funds, with relatively high fluctuation, are not well-matched with retirement plans that focus more on stability, said Liu.

Czech carmaker Skoda Auto has unveiled its first ever electric concept car in Shanghai, declaring that electric cars will be a pillar of its development strategy.

Currently, the island has become a tourist spot with more than 700 wild rabbits living there, and is therefore also called Rabbit Island.

Crimes related to fraud ranging from providing false employment information to deceiving companies into signing false contracts will also be strictly punished, according to the guidelines.

Cuomo also issued a statewide order that no business have more than half its employees leave their homes to come to work.