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The major stock indexes - Dow Jones Industrial Average, Nasdaq Composite and S&P 500 - closed up more than 1 percent each Tuesday.

The leaders have agreed to continue to conduct fruitful bilateral and multilateral cooperation in areas including culture, education, science and technology, environmental protection, health, tourism, youth, media and sports on the basis of mutual respect of cultural diversity and social values.

The leverage ratio for State-owned enterprises has fallen continually, and local government debt is under control, he said, adding that the structure of the economy also is improving amid stabilization of the leverage level. "All this indicates that China has entered a stage of high-quality development."

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The man, who was addressed as "Rich" in audio recordings with air traffic controllers, said he didn't want to land at a nearby military base.

The law, which clearly defines the tasks and responsibilities of relevant authorities, is considered "a powerful legal weapon to (help) China and foreign countries hunt down fugitives and cut off the source of their dirty money," said Huang Feng, a law professor at Beijing Normal University.

The major downturn of the ST sector came after Chinese securities regulators unveiled fresh terms as part of the new delisting rules that would force companies to delist once they had been found to have committed serious mistakes or crimes related to public safety.

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The logo of Alibaba Group is seen during Alibaba Group's 11.11 Singles Day global shopping festival at the company's headquarters in Hangzhou, Zhejiang province, Nov 10, 2019. [Photo/Agencies]

The leverage ratio of local governments stood at 22 percent by June, compared with 20.4 percent at the end of 2018, showed the report.

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The lawmakers passed a decision to authorize the State Council to temporarily adjust relevant laws and regulations in the Hainan pilot free trade zone.

The length of China's railroad lines in service has exceeded 139,000 km, including 35,000 km of high-speed rail, ranking first in the world.