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The Chinese government has attached great importance to anti-corruption and adopted a systematic approach to solving the problem, said Zelenkov, adding that he is convinced that China has found an effective anti-corruption policy suited to its national conditions.

The Chief Executive in Council exercised the power under the ERO to enact the PFCR in October 2019. The opposition camp then brought a legal challenge against the enactment, questioning the legality and constitutionality of the two regulations.

The California governor's decision to significantly reduce the planned bullet-train system has opened a debate about the future of what was touted to be the first high-speed rail network in the United States.

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The China International Import Expo started to take application of business exhibitors for next year's edition on Monday.

The Chinese government has strongly criticized the downgrade, saying it was based on "inappropriate methodology", which exaggerated difficulties facing the economy and underestimated the government's reform efforts.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, was up 0.10 percent to open at 1,795.41 points Friday. [Photo/Sipa]

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The Chicago Board Options Exchange's volatility index, called VIX, registered its highest-ever close Monday at 82.69, topping the 80.74 posted during the 2008 financial crisis triggered by the collapse of the sub-prime housing market. But the index declined 2.21 points early Tuesday. The "fear index" gauges the market's expectation of volatility based on S&P 500 Index options.

The China Association of Automobile Manufacturers said that more than 22 million vehicles were sold in China during the first 11 months of the year, down 3 percent on a yearly basis. It is estimated that the fall could be from 15 percent to 25 percent when the pandemic was at its peak in China earlier this year.

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The Caixin/Markit composite purchasing managers' index (PMI), which covers both the manufacturing and service sectors, weakened in August, standing at 52, the lowest in five months, compared with 52.3 in the previous month.

The Chinese Academy of Social Sciences analyzed the country’s efforts to build “smart” courts for its Blue Book on the Rule of Law, which was released on Wednesday.