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On the other hand, investing in China has been highly lucrative over the past three decades given the large number of market opportunities and the constantly strengthening renminbi, Bate explained.

On Wednesday, the Dow gained 553.16 points, or 2.21 percent, and closed at 25,548.27, it's highest close since March when the effects of the coronavirus pandemic first ripped through the economy. The S&P 500 rose 1.48 percent, it's highest level since March. The Nasdaq Composite edged up 0.77 percent.

On Wednesday, Cabinet Secretary Karlo Nograles said the government is "studying" whether to allow foreign visitors from countries with low to medium coronavirus transmission into the Philippines.

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On Tuesday, Hass also said he believed competitive interdependence featured a new chapter of China-US relations. "There should be guard rails around competition because if it were to veer out of control, it would do self-harm to both countries," he said.

On Wednesday, China's Ministry of Finance announced that small businesses with an annual taxable income of no more than 500,000 yuan (,599) would be eligible for tax breaks. The previous limit was 300,000 yuan.

On the Random Channel: There’s a new King of Kong —?Donkey Kong, that is.

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On Tuesday, the US Commerce Department said retail sales grew at a record 17.7 percent pace in May. That's the largest monthly increase since record-keeping began in 1992.

On his first day of work, Qiu followed experienced riders and delivered 29 orders－a fairly good performance.

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On Wednesday, China's Foreign Ministry called the trade dispute a "fight between unilateralism and multilateralism".

On one hand, the high cost of living, conditions and traffic congestion factors are affecting university graduates' choices, said Li Qiang, a senior career consultant at the online recruitment platform Zhaopin.com.