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Another reason is the rise in third- and fourth-tier cities may depend on an increase in hidden local debt. In this round of the real estate cycle, housing prices continued to increase for a long time with a huge overall rise. Decrease of housing prices in more third- and fourth-tier Chinese cities indicates the end of the boom in the property sector, which started at the end of 2015.

Annual revenue of the listed firms in 2019 averaged 16.97 billion yuan (.42 billion), expanding 15.24 percent from 14.73 billion yuan registered in the same period of the previous year.

Another 20 people were injured after an overloaded passenger vehicle skidded off the road at around 10:30 am Tuesday in Ningdu county, Ganzhou city, according to the Party committee of Ganzhou.

Anxiety tends to prevail as uncertainties in the macro environment linger, and talk shows as such manage to appease and address such anxieties, Sun noted. But neither do these entities create knowledge nor can they help people internalize what they learned on a fragmented basis.

Apart from the excitement of historical events, the residents benefited mostly from employment creation during the construction and operations phase while also getting a chance to develop skills from Chinese experts working on the project.