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There are signs that additional regulatory scrutiny of shadow banking activities will continually increase in China, which could be a net positive for financial stability and liquidity risk prevention, said experts.

The zuoyi gesture, making a bow with hands folded in front, is widely promoted during the "two sessions"－meetings of the local legislative and political consultative bodies－in counties and districts of Quzhou, Zhejiang province, to replace shaking hands when greeting each other, on April 22, 2020. [Photo/China Daily]

Their comments come at a time when China is increasingly opening up its market to foreign access and championing global connectivity through the Belt and Road Initiative, despite the growing threat of unilateralism and trade protectionism.

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Their small business eventually evolved into a car dealership, New York Auto Depot, where Chen is the director of marketing and car culture.

The yard is still divided into two main areas. While one half remains the former residence of the planter, Qing Dynasty (1644-1911) scholar Ji Xiaolan, the other is home to Jinyangfanzhuang, a well-known Beijing eatery that opened there in 1959.

There are many areas that lend themselves to global cooperation, including healthcare, education, and manufacturing. Areas that impact geopolitical stability, such as national security and autonomous weapons, warrant international collaboration and mutual regulation as well.

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Their bilateral trade ended a five-year decline last year as a result of the recovery of global trade and investment as well as the thawing bilateral political ties, Jiang said.

The yuan's daily reference exchange rate set by the central bank appreciated to 6.2882 per dollar on Wednesday, the strongest since Aug 11, 2015. The onshore and offshore spot exchange rates both hit record highs on the same trading day, according to China Foreign Exchange Trade System data.

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There are currently 13 F-35As deployed at the Misawa base where a new squadron has been formed with 80 personnel.

The provincial government asked privately owned vehicles to avoid the disaster area to ensure smooth operation of the rescue work.