The Chinese People's Liberation Army sent about 1,600 troops to participate in the military drills held in Russia from September 16 to 21.
The Chinese Lunar New Year, also known as the Spring Festival, is the biggest Chinese celebration of the year. Traditionally, festivities continue for at least 15 days.
The ChiNext Index, China's Nasdaq-style board of growth enterprises, gained 0.95 percent to close at 1,850.3 points.
The Chicago Board Options Exchange Volatility Index, a 30-day forward looking gauge of investor sentiment based on the S&P 500 index options, hit its highest level since 2008.
The Chinese luxury market is quite peculiar as millennials (aged 20-34) are the major contributors to its growth. Chinese consumers start to purchase luxury items at an earlier age and buy more frequently. They are digitally savvy, highly knowledgeable about luxury categories and prefer "fashion", "street casual", "new" and "in-season" products. They look to express their unique personalities through distinctive looks.
The Chicago Board Options Exchange's volatility index, called VIX, registered its highest-ever close Monday at 82.69, topping the 80.74 posted during the 2008 financial crisis triggered by the collapse of the sub-prime housing market. But the index declined 2.21 points early Tuesday. The "fear index" gauges the market's expectation of volatility based on S&P 500 Index options.
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The Centre for Economics and Business Research, a consultancy based in London, predicts this could happen as early as 2029, four years ahead of the forecast in its annual World Economic League Table published before the coronavirus crisis began.
The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, gained 1.88 percent to close at 1,677.77 points.
The ChiNext Index, China's NASDAQ-style board of growth enterprises, lost 0.28 percent to close at 1,674.39 points.
The China-led organization is planning to put intercontinental grids in place in each continent by 2050, after setting up a countrywide super-grid by 2020.