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The move came after China's central bank ordered a complete halt on Initial Coin Offerings (ICOs) on Sept 4, a digital coin fundraising scheme, in which technology start-ups issue their own digital coins, or tokens, to investors to access funds.

The move comes at a time when the Korean Peninsula had become calmer. For more than two months, Pyongyang has refrained from conducting any missile and nuclear tests.

The molester, surnamed Lei, had been given 15 days' administrative detention, it added.

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The model farm which will be fashioned after the Kimberleys' one is set to be built next year in north China's Hebei province, a sister province of Iowa. The Kimberleys are traveling to China frequently over the past few months to prepare for the kickoff of the demonstration farm.

The move was intended to regulate the use of those areas' names, the statement explained, noting the names of some islands in the South China Sea released by China in 1983 are still effective.

The moves showed the licenses Intel has secured from the US government last year allow it to continue shipping products, including computer processors and data center chips, to Huawei even after Washington's new curbs took effect earlier this month.

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The model is priced between 59,800 yuan to 67,800 yuan with subsidies.

The move follows last week's announcement from Waymo that it would open its autonomous ride-hailing service to the public in the Phoenix area in vehicles without human drivers.

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The move can also effectively lower financing costs of financial institutions and reduce the lending rate to corporate borrowers, both of which help companies endure external and internal headwinds, Sheng said.

The move also makes it the latest Chinese mainland "unicorn"－startups with a valuation in excess of billion－to go public in Hong Kong this year. Xiaomi is looking to raise funds through its Hong Kong float on July 9, but has put off plans for a China Depository Receipts issue on the mainland.