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As should have been expected, this bet on risky investments did not work and many S&L banks went bankrupt. Since the deposits were insured by the government, the taxpayers were on the hook to pay for the S&L banks' losses, which amounted to more than 2 percent of GDP.

As trade tensions have continued and the United States has imposed hefty tariffs on Chinese exports, trade indicators were weak in general－the new export order subindex fell by 0.4 percentage point to 49.4, and the import subindex moderated by 0.5 percentage point to 49.1 in August, the lowest level since mid-2016, according to economists with Goldman Sachs.

As well as advancing nationwide development, the province's new systems have established principles and capabilities for beneficial market growth.

As the first Chinese head of state to have attended the Davos meetings, Xi called at the World Economic Forum in Davos last year for joint efforts to chart the course of economic globalization and forge new models of global growth, cooperation, governance and development.

As the survey was non-binding it does not mean that same-sex marriage has been legalized but Prime Minister Malcolm Turnbull said a bill legalizing the practice would be introduced to parliament before Christmas.