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The China World Summit Wing in Beijing hosted the Brand Power Project by China Media Group on Aug 28. [Photo provided to chinadaily.com.cn]

The China International Development Cooperation Agency was launched on Wednesday in Beijing as a "major measure" to maintain world peace and promote common development, a senior official said.

The Chinese banking sector has global lead in cost effectiveness. It also has tremendous capital strength, which should help the sector to ride out the epidemic and head toward high-quality development.

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The Chinese home appliance market is almost saturated, so domestic makers are looking overseas to find new business growth points, Zhang explained. "The acquisition will allow the Chinese company to obtain local customers quickly and reduce production costs."

The Chinese central bank cut the interest rate of seven-day reverse repurchase agreements to 2.2 percent from 2.4 percent on Monday, the biggest drop within five years, sending signals that top leaders are scaling up stimulus to avert further economic slowdown from the coronavirus pandemic.

The China market for Great Omaha is "still in the development stage", but the second largest importer of beef in the world means a lot to the company as well as Nebraska and the US economy as a whole, given China's rapidly expanding middle class.

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The Chinese government is promoting the adoption of vehicles with batteries that can be swapped between different makes and models.

The Chinese Students and Scholars Associated of GIT have issued a warning to Chinese in the region to stay safe.

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The Chinese company also said on Monday that it would repurpose a warehouse in California to a drone assembly factory, producing a popular version of a drone, revealing its plan to increase investment in the United States.

The Chinese arch street entertainment and pyrotechnic show will also take place on February 10.