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The move came nearly four years after the launch of China's first FTZ in Shanghai to pilot reforms aimed at opening wider to foreign investment and easing restrictions on capital flows.

The move, while nominally following international trade rules, appears to also reflect US frustration at the slow pace of talks on trade with the EU.

The ministry's move followed a request from the China Alcoholic Drinks Association that claimed the surge in imports of wines from Australia in recent years at decreasing prices has threatened the domestic wine industry.

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The model summit from Friday to Sunday will cover a wide range of topics, including security cooperation in the Asia-Pacific, e-commerce cooperation among SMEs, the financial integration of ASEAN, blue economy, and the usage of clean and renewable energy.

The municipal government and people of Shanghai strongly condemn and protest against the behavior of Prague, the statement said.

The municipality will cooperate with the central government to establish the new board and pilot registration system at the stock market to provide more financing opportunities for high-quality IPO candidates, channel more loans to small and medium-sized private enterprises and expand the policy financing guarantee fund for small and medium-sized enterprises.

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The most pronounced opposition came from Osaka Mayor Hirofumi Yoshimura, who had written numerous letters to San Francisco mayor, requesting to have the memorial removed.

The ministry’s comments came as certain foreign media, citing anonymous sources, said China’s tariffs on billion of US goods would take effect from the beginning of the day on Friday. Given the 12-hour time difference, that would have put its implementation ahead of Washington’s.

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The more than 6,000 panels installed on the roof of the fulfillment center in Baltimore should produce almost 2 megawatts of power, Amazon’s Tom Chandlee told WJZ.

The move is being seen as a signal of the further opening-up of China’s financial sector, following an announcement last May that the country’s credit rating services would be improved.