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The experience employs stunning new-media technology and digital art and is based on the idea of balancing culture with nature.

The fashion show, the company's first in China in six years, comes on the back of what Langer calls "robust growth" in the Chinese mainland market. According to the German, China is a key driver of the company's growth.

The federal government was briefly shut down twice this year due to lawmakers' discrepancy on immigration issues.

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The event, which took place in late October in Los Angeles, provided a platform on which government officials and representatives of business communities from the US and China expressed a desire for mutual cooperation, despite the ongoing trade frictions between the world's two largest economies.

The exhibits were only a small part of the products demonstrating the latest achievements in transforming Shanxi from a resource-reliant economy to one with diversified growth.

The expo also has attracted industry big names, such as L’Oreal, Johnson & Johnson, and Philips.

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The exchange rate for the yuan fluctuated between 6.28 to 6.97 against the US dollar, or within an 11 percent band, and China's foreign exchange reserve stayed above trillion, according to the central bank.

The financial regulators have encouraged banks to issue more loans to small and micro businesses, aimed to ease downside risks of economic growth. According to data from the CBIRC, by the end of May, the five largest commercial banks in China has increased lending to small and micro enterprises by 23.7 percent, compared with the volume at the end of 2018. The average lending rate was 4.79 percent, down by 0.65 percentage point from 2018. Meanwhile, the banks are coordinating with local governments for purchasing bonds.

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The exchange was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges to serve small and medium-sized enterprises.

The expert noted that China's economy may be affected by the epidemic, but won't be routed given the remarkable resilience and vitality of the Chinese economy.