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As housing regulations in large cities have tightened, investors have started looking for opportunities in medium-sized and small cities, thus causing a noticeable home price increase in third-tier cities.

As part of its reorganization, the 118-year-old company said late Friday it will be shuttering some stores. It said the stores will close in phases throughout the Chapter 11 process and details of the first phase will be disclosed in the coming weeks. Penney is the biggest retailer to file for bankruptcy reorganization since the pandemic and joins luxury department store chain Neiman Marcus, J.Crew and Stage Stores. Plenty of other retailers are expected to follow as business shutdowns across the country have evaporated sales. In fact, U.S. retail sales tumbled by a record 16.4% from March to April.

As of Wednesday, 1.48 million people and 417,300 large domestic animals faced drinking water shortage, and 306,667 hectares of crops were damaged, according to the provincial water conservancy department.

As of the end of September, goods with a total value of .4 billion have been transported across the bridge, with products coming from 26 provinces on the Chinese mainland. Over 90 percent of the goods were from Zhuhai.

As international oil prices have risen, the retail prices of gasoline and diesel will rise by 65 yuan (about ) and 60 yuan per ton, respectively, according to the National Development and Reform Commission (NDRC).