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Stocks closely related to Luckin also suffered. Hong Kong-listed CAR Inc, which used to employ Liu Jian and has the same chairman of the board as Luckin, saw its share price more than halved on Friday.

Steve Ciobo, Australia's minister for trade, tourism and investment, said New Zealand remained a strong market for Australian tourism with 1.36 million visitors over the 12-month period.

Strategic mutual trust is a fundamental issue related to the long-term China-US development, said Yang, adding that economic prosperity in the two countries will bring opportunities for each other.

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Students take summer classes at a tutoring school in Bengbu, East China's Anhui province, on July 21, 2014. [Photo/China Daily by Li Bin]

Store number two is slightly smaller than the original location — 1,450 square feet versus 1,800 square feet — with a familiar design and layout. The new location doesn’t have alcohol and it went light on grocery essentials in favor of keeping items like sandwiches and salads, meal kits and snacks at the forefront.

Stories about the friendship between China and the family of Quinim Pholsena are widely known, Xi told the descendants of the late Lao senior official, some of whom once studied in the same school with him in Beijing.

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Strong demand from parents has boosted the market for after-school tutoring in China.

Such bonds will provide banks with a source of long-term funds and support continuous expansion of their banking business. As some perpetual bonds can be recorded as equity instruments in accounting books, issuing this type of bonds will lower the leverage of small and medium-sized banks, said Wang Gang, research fellow with the Research Institute of Finance under the Development Research Center of the State Council, in an article published in China Finance on Monday.

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Stocks of major airlines are down sharply from their 52-week highs as demand for travel collapsed during the pandemic.

Stone:?Right. He doesn’t take anything for granted, he’s driving everyone forward. You thank your lucky stars that you’re not working there, and at the same time you realize that this is why this is a great company. He believes more than anyone, and he doesn’t let anyone stop for a breath or to take a victory lap.