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The BN has won every election since the country's independence in 1957.

The COVID-19 outbreak that was first reported in Wuhan, Hubei province, in December and later spread nationwide put the law to a grueling test after nearly 40 billion yuan (.9 billion) in cash aid was poured into the charity system.

The Beijing-based startup has been a runaway hit with clients and investors. It has raised 150 million yuan ( million) in its latest Series C round of financing from undisclosed investors last year.

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The Business section will help readers understand Chinese and foreign economic policies and learn about developments in large Chinese companies and multinational heavyweights. Exclusive interviews with CEOs of giant transnational companies will be one of the section's highlights.

The Australian move follows those of the US and several other close allies in locking Huawei and ZTE out of the 5G race, a race in which the US dictates all the rules.

The Bank of Beijing has raised its benchmark mortgage rate for first-time buyers by 10 percent from 4.9 percent to 5.39 percent, one of the first group of banks to raise the mortgage interest rate.

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The Beijing News reported that some smaller distillers established just a couple of years ago were claiming to have produced 30-year-old liquor. Batches are typically dated as "20," "aged" or "vintage."

The CA770 is considered as the first independently researched and developed China-made sedan.

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The CEOs are expecting a 2.3 percent GDP growth rate in 2019, down from their previous expectation of 2.6 percent, according to the survey published Wednesday by the New York-based Business Roundtable, a group of company chiefs from nearly 200 companies.

The COVID-19 pandemic, alongside the rising global political and economic uncertainties seen this year, means Chinese companies face high risks when looking to invest overseas, a report said.