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The Dow Jones Industrial Average rose 1,173.45 points, or 4.53 percent, and closed at 27,090.96. The S&P 500 was higher by 126.75 points, or 4.22 percent, and closed at 3130.12. The Nasdaq Composite index surged 334 points, or 3.85 percent, to close at 9018.09.

The Chinese yuan-dominated crude oil future contracts are the first of their kind listed on the Chinese mainland for both Chinese and overseas investors, according to Li.

The Closer Economic Partnership Arrangement (CEPA) has strengthened Hong Kong's economic connection with the mainland and provided great opportunities for local companies and professionals to explore the mainland market, the financial secretary added.

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The Chinese side strongly condemns and firmly opposes the unfounded Section 301 investigation and the proposed list of products and tariff increases based on the investigation.

The Cuban diplomat also rejected "unilateral sanctions" and the inclusion of the DPRK in the US list of state sponsors of terrorism only two days ago by the Trump administration.

The Civil Aviation Administration of China has arranged two flights on Friday to bring back Wuhan travelers who remain abroad due to the city's lockdown amid the novel coronavirus outbreak.

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The Elephant Car Wash in the Denny Triangle, on the edge of Amazon’s campus in Seattle, closed after 64 years of operation. (GeekWire Photo / Kurt Schlosser)

The Dow Jones Industrial Average increased 143.78 points, or 0.51 percent, to 28,399.81. The S&P 500 was up 23.4 points, or 0.73 percent, to 3,248.92. The Nasdaq Composite Index was up 122.47 points, or 1.34 percent, to 9,273.4.

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The Chinese president said the two nations need to constantly broaden the channels for cooperation, conduct cooperation in such areas as investment, industrial capacity and tourism, make a bigger cake of common interests, jointly promote regional inter-connectivity, including the construction of the Bangladesh-China-India-Myanmar Economic Corridor, in a bid to better boost common development.

The City of London has four overseas offices worldwide, of which two are located in China-one in Beijing and one in Shanghai.