China moves up date for lifting some restrictions on foreign investment to 2020

BEIJING – China lifted some restrictions on foreign investment in the financial sector Saturday as the world’s second-largest economy fights slowing growth at home and a damaging trade war with the United States. China will remove shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, one year earlier than originally planned, the Financial Stability and Development Committee said in a statement posted by the central bank. Foreign investors will also be encouraged to set up wealth management firms, currency brokerages and pension management companies, the statement…

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Heavy Lifting by Young Workers Linked to Low Back Pain in Midlife

Young adults with jobs that involve heavy lifting and forceful movements might be at higher risk for back pain later in life, a study from Finland suggests. “When you’re young, you do things your own way, you muscle your way through it, but sooner or later, that behavior can cause problems,” said Michael Timko, a physical therapist and instructor at the University of Pittsburgh who was not involved with the study. “If we’re going to put a dent on the back pain issue, we should consider training younger people about…

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