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The opening ceremony was attended by Choijilsuren B, minister of finance of Mongolia, Chinese Ambassador to Mongolia Xing Haiming and President of ICBC Gu Shu.

The past year has brought a pandemic, a national reckoning over race, plus antitrust investigations and charges against major tech companies, with massive swaths of the tech workforce working from their bedrooms. But also record profits, a booming IPO market, and trillion-dollar valuations at the same time. Does this suggest a disconnect, or point to a “correction” in the future??

The opening of BMW Group's Shanghai Research and Development Center was the main attraction at the German car manufacturer's Innovation Day, an event held on June 15, where its latest autonomous driving technology and digital services were also showcased.

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The parcels, mainly comprising digital products, fitness equipment and daily necessities made in China, will arrive in Europe within 10 days, Xie said in the report, adding that then they will be transported to more than 20 European countries.

The outline, jointly released by the Communist Party of China Central Committee and the State Council, charted the course for China to establish a comprehensive modern transportation system by 2035.

The only two car manufacturers to record positive results were BYD and Foton Motor.

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The passenger traffic went down 12.4 percent to 6 million passengers, which marked the biggest one-month drop since June 2009. Passengers traveling to and from the Chinese mainland, Taiwan and Southeast Asia saw a bigger fall compared with August of last year.

The overall labor market also showed signs of deterioration, with the seasonally adjusted unemployment rate of the city increasing from 3.1 percent during August through October to 3.2 percent from September through November.

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The pandemic has failed to deter international businesses from getting into China. Data from Alibaba showed that over 200,000 overseas new products made their debut on Tmall Global between January and March. The number of newly opened foreign stores jumped 3.27 times year-on-year.

The package is composed of a 0 million loan provided by the ADB, which represents the largest non-sovereign loan offered by the Manila-based international development finance institution to any financial institutions in the Chinese mainland to date, and a 0 million loan to be financed by commercial co-financiers.