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Analysts said China may also continue to cut taxes for enterprises to boost private investment while further lowering corporate debt and borrowing levels to control financial risks in the coming months.

Analysts said the move will help unleash the potential of Chinese startups, which would have been otherwise hindered, as they are finding it harder to obtain a production license of their own.

Andreetta also believed that snow sports can power the local economy in the Northeast region. Club Med owns two snow resorts in Heilongjiang and Jilin.

And finally, we discuss what a Seattle startup leader’s car purchase says about state of transportation in the city, and the uncertainty that can come with relying on experimental startups for vital services like getting from place to place.

Analysts said that it is unusual for high-level policymakers to directly request lowering financing costs, as the government is accelerating bond issuances while bond yields are rising steadily.