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The institutions had combined assets of 248.6 trillion yuan (.9 trillion) as of the end of April, up 7.2 percent year-on-year, the data show.

The increasingly volatile situation on the Korean Peninsula could lead to a disastrous scenario neither Beijing nor Seoul wants to see. That's the most compelling reason why they should strengthen communication and cooperation on the basis of respecting each other's core interests and grave concerns, and make up for the lost time for developing bilateral ties in the past year.

The idea of having private input into the preservation and restoration of heritage buildings took seed in 2002.

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The index, which was released on Thursday in Macao, is designed to provide a thorough understanding of international infrastructure development trends, address potential risks and difficulties, offer analysis and forecasts for domestic and overseas international infrastructure investors and contractors. The index was jointly developed by China International Contractors Association and Dagong Global Credit Rating Group.

The industry alliance has already attracted more than 20 enterprises, including internet heavyweights such as Baidu, Tencent, as well as technology powerhouses such as Huawei.

The impact is of additional importance as the venture capital investment market has been stagnant over the last couple of years, with the coronavirus outbreak aggravating woes.

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The increasingly closer tourism exchanges between China and Canada "have enhanced people-to-people bonds and built up friendship," Yang added.

The iconic British travel company Thomas Cook will live on as a brand name after being bought by Fosun Tourism, the Chinese owner of the Club Med tourism brand, BBC reported.

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The initiative that sees groups of four or five students, sometimes more, studying together, usually at parents' homes, is sweeping the country as an infection-conscious alternative to in-person schooling amid pressure from President Donald Trump and some governors for schools to reopen.

The interiors of Junzi's five locations also look different from their traditional peers. Designed by some of the co-founders who studied arts and architecture at Yale, they are all simple, clean, bright and chic, or just as Instagrammable as the food.