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The initiative aims to build a trade, investment and infrastructure network connecting Asia with Europe and Africa along and beyond the ancient Silk Road trade routes.

The initiative aims to pilot cooperation in fields, including financial services, aviation, logistics and information technology.

The initial lack of support sparked conspiracy theories online as rumors spread that Amazon specifically opted out of its rival’s?mobile payments system, which would have been?notable because of the Amazon card’s association with Chase, one of Apple’s major launch partners.

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The imposition of tariffs is causing serious harm to the businesses and ordinary people forced to bear the cost of these measures. In 2018, exports of American agricultural produce to China decreased by 33.1 per cent year-on-year, including a 50 per cent drop in soybeans. Many American farmers fear that they will lose access to the Chinese market which they have been cultivating for nearly 40 years.

The incident is the result of poor implementation of the levels of oversight and responsibility for production safety as well as bureaucracy and formalism in supervision, according to a statement released after the meeting.

The increase comes now that the IT job market has rebounded after experiencing a decline that began 18 months ago, according to a recent report by Zhaopin, an online recruitment agency in Beijing.

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The index marked a rise of 21.8 percent from a year ago, as demand from industries such as equipment and auto manufacturing gained steam, according to the association.

The imported timber in Xi'an, a transportation hub linking eastern and western provinces of the country, was previously transported to eastern China's coastal provinces by trucks due to the higher cost of railway transportation.

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The institute said it questions the US government's attempt to use tariffs as a tool to extract negotiating concessions, which would only raise economic costs and "feed nationalism" at home.

The implementation of the merger will undergo necessary procedures and be submitted for approval, according to the announcements.