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Mindy Liu, the company's international business manager, told Xinhua that the company will in the near future embark on exporting medical drugs to other African countries as well as to the rest of the world, eventually bringing the much needed hard currency to the East African country.

Mnuchin said he planned to work in a bipartisan manner on any new spending measures signed into law in July.

Ministries announce rise in basic pension

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Mobile internet companies from China are ramping up their efforts to expand globally, as they attempt to gain new momentum in overseas markets, according to a report released by mobile research institution Cheetah Global Lab.

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Ministry-level authorities from 11 countries including South Africa, Suriname and Mongolia have been invited to attend the conference, Peng said.

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Mike Walter, news anchor for CGTG-America (left), moderates a panel discussion featuring (from second left to right): Martin Maciak, head of the Asia Origination and RMB Internationalization; Lewis Liu, vice-president of business development and strategy at Karma Automotive; Judy Zhu, vice-president of Synear Foods USA; and Stephen Cheung, president of World Trade Center Los Angeles, in an event organized by CGCC in Los Angeles on Thursday. [LIU YINMENG / CHINA DAILY]

Mnuchin reiterated that he and President Donald Trump both favor more support for the economy, and he singled out hotels, travel, small businesses and restaurants as sectors that will likely need more government help.

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Miniso's new product line includes more than 100 items in ten categories. [Photo provided to chinadaily.com.cn]

Mnuchin would prefer to use new tools associated with pending legislation to enhance security reviews of transactions by the CFIUS, some administration officials have said, Reuters reported on Tuesday.