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As the US financial system deregulated, more than half of the local banks that had financed local companies went out of business－either by failing or by being absorbed into a few big banks. Actually, deregulation is the wrong word: the big banks were allowed to compete nationally, but many new regulations and reporting requirements were so expensive that small local banks could not cover the legal or information technology costs.

As to the "pick a side" reported earlier by Wall Street Journal, the source did not think the claim was correct, because if Ant sets a strict line for these big institutional investors to pick a side, they will not accept it. The source said Ant aims to maintain a good cooperation with investors.

As the pilot province for the rest of China, it has not been entirely plain sailing for Zhejiang in the first few months.

As they continue to develop the robot, the research team wants it to receive non-voice commands for people who cannot speak. They’re also collaborating with the Taskar Center for Accessible Technology at UW to get regular feedback from caregivers and patients.

As the COVID-19 epidemic wanes in China, Erenhot Port has seen an increasing number of China-Europe freight trains -- from fewer than two trains per day in March to about eight at present, said Zang Zhixian, who works at the China Railway Hohhot Group.