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Interest rate hikes in the US could put pressure on emerging market economies’ currency rates against the greenback and prompt short-term capital outflows, said Zhang Ming, a researcher at the Chinese Academy of Social Sciences.

Innovatus Capital Partners declined to comment.

Intelligence agents in Taiwan have also been using local foundations that fund students from the Chinese mainland to participate in academic exchange programs as recruitment tools.

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Initiated in 2011, the China-Europe rail service is considered a significant part of the Belt and Road Initiative to boost trade between China and countries along the routes. Amid the coronavirus pandemic, the service remained a reliable transportation channel.

Investment in infrastructure declined 6.3 percent year-on-year, narrowing by 5.5 percentage points from the first four months.

Investigators have yet to determine the cause of the fire.

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Inter-connected apps and devices will spur growth in the sector as domestic companies gear up to wheel out new sports and fitness products for consumers.

International airlines account for about 20 percent of GAMECO's heavy maintenance business, with China Southern Airlines, the largest airline by fleet size in Asia, taking up about two-thirds.

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Investors check share prices at a securities brokerage in Nanjing, Jiangsu province. [Photo by Jiang Ning/For China Daily]

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