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By creating new business opportunities and significantly reducing the costs of transactions and transportation, digital connectivity proves to be a key force in driving growth, creating jobs and promoting innovation, according to a statement issued at the forum which was held from Monday to Tuesday in Qingdao, Shandong province.

By the end of September, interbank assets and liabilities, major indicators for shadow-banking activities, went down 2.6 trillion yuan (0 billion) and 2 trillion yuan from the beginning of the year, respectively, the China Banking Regulatory Commission (CBRC) said Saturday in a statement.

By the end of October, Hainan had signed 214 project agreements with investors from outside the tropical island, 60 percent of which were invested by privately run firms, according to the Hainan Provincial Department of Commerce.

CATS Colleges is a global school network that focuses on international students. The company has seven campuses and 10 international language schools across the UK, the United States and China.

By the end of last year, about 1,400 rehabilitation centers had been launched by procuratorates at different levels. The centers, which provide corrective assistance and training, are supported by companies, who offer jobs to some young offenders, university researchers, who assess the young person's progress, and nonprofit organizations.