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The Canton Tower in Guangzhou, Guangdong province, on Oct 29, 2017. [Photo/VCG]

The China-Africa Infrastructure cooperation forum which focused on the Mombasa-Nairobi SGR project was the sixth one to be held in the continent ahead of FOCAC summit in Beijing in September.

The Chinese delegation led by Chinese Vice-Premier Liu He held “positive, constructive and fruitful” talks with the US team headed by Treasury Secretary Steven Mnuchin, following their talk in Beijing early this month.

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The China-US relationship will improve despite current challenges, and bilateral exchanges in multiple areas will help facilitate it, former US diplomats said at a cultural gala on Thursday.

The Chinese State Council last week approved a pilot plan to open up Beijing's service industry by removing some restrictions on the sector. Local governments will ease restrictions on foreign investments, streamline regulations and encourage innovation.

The Chinese economy is shifting to a consumption-led growth model to wean itself from reliance on exports and investment. Consumption accounted for 58.8 percent of economic growth last year.

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The Chinese leadership has reassured the world about its efforts to open up. More critical economic areas such as national science and technology projects are open to global investors, and free trade zones have been established.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, rose 2.52 percent to 1,245.16 points.

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The ChiNext Index, China's NASDAQ-style board of growth enterprises, fell 2.63 percent to 1,478.51 points.

The Carl Vinson Strike Group, led by the nuclear-powered aircraft carrier, will head to waters off the Korean Peninsula after the joint drill which is to last for several days, according to local reports.