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As of Friday morning, seven large reservoirs in Hubei saw water levels above limits set for the flood season, according to the provincial flood control authorities.

As of 9 pm Friday, the rainstorm that began on Monday had affected as many as 54,800 people and forced the relocation of more than 6,100 people. More than 4,460 hectares of crops were damaged.

As part of financial liberalization, the report calls for more flexibility of the exchange rate regime of the RMB, asking for a greater role for market forces.

As leaders, we understand the importance of our company’s commitment to bring diverse backgrounds and points of view to inventing on behalf of our customers. We believe diversity underscores everything we are and do, and when we look to our principles we are comforted to see diversity consistently represented in Invent & Simplify, Are Right A Lot, and Learn and Be Curious.

As investment rates were significantly higher in China than in other countries, many economists believed that China had been relying too much on investment to drive economic growth, which not only generated overcapacity, but also a high leverage ratio in the corporate sector. Based on this premise, China's economic downturn could be blamed on excess aggregate supply, rather than insufficient aggregate demand, hence the need to cut overcapacity and deleverage.