And more than 75, 000 projects were started nationwide to improve our infrastructure, jumpstart emerging industries, and spur local economic development.

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Investment in Chinese content- and service-providers will be limited to 49%, a level judged sufficient by the government to spur local competitors but not swamp them.

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Those farmers, in turn, help to spur local rural economies, via the multiplier effect, as they tend to spend the majority of their income on local goods and services.

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He noted that the federal approval, which will likely spur uptake by state and local governments as well, is an important step in taking on established competitors.

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State and local government agencies, such as the Chicago Metropolitan Agency for Planning in this fleet management example, can help spur innovation through free market competition.

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