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The move aims to boost bilateral trade and investment, facilitate the use of the two currencies in trade and investment settlement, and reduce exchange costs for market players, said the China Foreign Exchange Trade System (CFETS) in a statement.

The move also marks Alibaba's latest attempt to promote the diversified development of its business.

The move came after allegations of child abuse at a Chaoyang District kindergarten under the New York-listed RYB Education stirred nationwide outrage.

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The ministry's description of a combination of "quantitative and quality measures" under consideration indicates that the trade war will enter a new stage, experts said. While countermeasures are less likely to hit products worth billions of dollars, what is more important is the quality and effectiveness of the measures, said Xue Rongjiu, deputy director of the Beijing-based China Society for WTO Studies.

The money will come from a GoFundMe campaign that raised more than 1,000 from more than 3,500 people since Zhang Yingying disappeared in June 2017, The (Champaign) News-Gazette reported. According to a campaign update, part of that money will help to pay for the family's "final US expenses." Another ,000 will be used as an endowment through the University of Illinois Foundation called "Yingying's fund" to help support international students and their families in crisis.

The move aims to better facilitate the high-quality development of the real economy, while protecting companies' right to be informed, make their own choices and trade fairly, said the circular.

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The nation's transportation management authority is working to improve the marketing and management of cruise ship tickets to offer better protection to passengers.

The move announced on Sunday will further unify the markets by making spot-market transactions via one-to-one negotiations with the issuer available to banking institutions, a mode analysts said is more favored by banks than auction trading.

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The move comes after Wan Cheng (Shanghai) Travel Service Co Ltd, controlled by a Hong Kong enterprise, became the first of its kind in Chinese mainland to run outbound travel business last year; and UK travel agency Thomas Cook set up a joint venture with Fosun Tourism group in Sanya, Hainan province, last week.

The municipal court accepted eLong's appeal in January, but ultimately backed the Haidian court ruling.