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Mergers and acquisitions will provide the impetus for sustainable transformation and upgrade of the iron and steel industry and leverage on gains from the overcapacity reduction campaigns in the sector that are coming to an end, industry experts said.

Meilishuo's envisioned billion valuation is an initial target and could change if a deal proceeds, the people said. The company didn't respond to requests for comment.

Members of the TF fan club could sign up for a draw to get free tickets to the concert.

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Meanwhile, the global trading community had become increasingly concerned about the use of Section 301 as the US government "acts as police force, prosecutor, jury and judge" in the process, Bown argued. He recommended Washington and Beijing resolve trade disputes through the WTO.

Meanwhile, the producer price index, which gauges factory gate prices, declined 3.1 percent year-on-year in April, affected by the continued price decline in bulk commodities in the international markets amid the COVID-19 pandemic.

Meanwhile, the total investment of projects supported by the Silk Road Fund has topped billion, said the fund's executive vice president Ding Guorong. "We should be aware that the financing demand in the Belt and Road construction is huge. The demand cannot be met by the fund or any single Chinese financial institution," Ding noted, adding that the Silk Road Fund has established cooperative ties with a dozen international financial institutions on possible bilateral or multilateral cooperation opportunities.

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Mexico's deputy foreign minister for North America, Jesus Seade, said that it would be disastrous if Trump goes through with his threat to impose new tariffs on Mexico.

Meanwhile, the report shows that most of the graduates born after the year 1995 emphasize "space for personal development" most while seeking a job. 76.6 percent chose this as their most valued factor, while 68.6 percent still considered salary as the most important factor.

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Meng Wei, a spokeswoman for the National Development and Reform commission, said at an NDRC news conference on Friday that the guideline promoting the deep integration of advanced manufacturing with the modern services sector is an important way to increase the competitiveness of manufacturing, cultivate a modern services sector and achieve high-quality development.

Meteorologists warn of increased risk of mountain landslides and flooding