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Shares of American Airlines are up more than 50 percent from the low. United Airlines is up about 34 percent and Delta has gained nearly 20 percent.

Several centuries ago, China's GDP already accounted for 30 percent of the global total, yet it never engaged in aggression or expansion. In the over 100 years after the Opium War in 1840, China suffered immensely from repeated aggression, wars and turmoil. Confucius once said, "Do not do to others what you do not want others to do to you." We Chinese believe that peace and stability is the only way to development and prosperity. This is neither a choice of expediency nor a diplomatic rhetoric. It is our firm conviction and a guidance of what we practice on the ground. China will remain committed to the path of peaceful development and will always stay as an anchor of peace and stability for the Asia-Pacific and the wider world.

Shanghai has announced a batch of new measures to deepen reform, further opening-up, technological innovation, industrial upgrading and modern urbanization of the Pudong New Area, and strives to double the area's GDP to 2 trillion yuan by the area's 35th anniversary of opening up, said Ma Chunlei, deputy secretary-general of the Shanghai Municipal Government and director of the city's Development and Reform Commission.

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Several forums covering topics such as 5G technologies and smart cities will be held during the conference, which will be attended by leading chip, terminal, and real estate companies from more than 40 countries.

She added the loan balance of Beijing's banks for high-tech companies had totaled 408.9 billion yuan by the end of June.

Shares of S&P 500 technology companies, which are exposed to Chinese markets, dropped 4.1 percent. US tech stocks, including Apple, Intel and Microsoft, also were hammered.

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Shanghai, where Vaillant's China headquarters is located, saw rising foreign capital inflows totaling about .67 billion during the first quarter of this year, up 4.5 percent year-on-year.

Shanghai has been one of the pilot cities for foreigner work permit reforms since 2016. The city has over the past few years introduced a series of measures to improve matters in this area, such as streamlining the application process and introducing new visa categories.

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She added people should lend helping hands to women and children who are in need to enable them "have the chance and capabilities to change their fate and live a better life".

Several Brazilian politicians regretted his death. President Jair Bolsonaro released an official statement of condolences, saying he respected Boechat regardless of their differing political views.