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The State Council has pledged to make the use of fiscal funds more efficient, with steps to explore the establishment of a regular special transfer payment mechanism to directly funnel funds to primary-level government to bolster support for businesses and individuals struggling to cope with the impact of the COVID-19 pandemic.
Shanghai has strengthened its position as one of the world's leading financial centers and is attracting some of Wall Street's biggest names despite trade tensions and the coronavirus pandemic, according to experts.
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