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The index compares the yuan to the value of 24 currencies, including the US dollar, euro and Japanese yen, which was expanded from a basket of 13 currencies in 2016.

The initial application period for companies interested in the program is before May 15. Ultimately, there will be 15 outstanding domestic entrepreneurial teams selected, said Bosch. The company is the first global automotive technology and services supplier to launch an incubator accelerator project in China.

The initiative not only provides business opportunities to foreign companies, but also drives Chinese companies to search for opportunities in these economies.

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The improvement in transportation and connectivity will help countries in the region to integrate their markets and reap the benefits of expanded trade and commerce. The enhancement of trade connectivity is a shared objective of the two countries.

The interest rate spread between China and US benchmark debt expanded to the widest level in two years on Thursday, as the Chinese monetary authority decided not to ease monetary conditions after the US central bank lowered interest rates for the third time this year.

The initial green costs of making the building design green can be recovered in two years, as the electricity and water consumption can be dramatically reduced, he added.

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The integration of the property and internet sectors would be more effective when problems and doubts relating to the online operations are resolved promptly, said Yan.

The incident first surfaced last week as Chinese coders openly expressed their weariness over the de facto unpaid overtime - an industry malaise - by creating a project called 996.ICU. The grim joke suggested that by conforming to such a relentless work culture, one risks ending up in an intensive care unit.

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The index incorporated the transport volume of passenger and cargo of various transportation means such as railway, highway, waterway and civil aviation.

The intensifying Sino-US trade frictions could add pressure on China's exports, reducing their contribution to total GDP and leading to more downside economic risks, said Zhang Ming, a researcher at the Chinese Academy of Social Sciences.