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In contrast, by the end of last year, the leverage ratio of government debt was 36.2 percent, down 0.5 percentage point year-on-year, and that of the household sector was 55.1 percent, up 4 percentage points year-on-year, PBOC data showed.

In contrast to many other foreign investment companies, Hisense has opted to open its major manufacturing facility in South Africa in an attempt to create local job opportunities instead of importing products from overseas plants, said Claire Noyes-Smith, marketing manager at Hisense South Africa.

In early trading, the Dow Jones Industrial Average fell 188.64 points, or 0.77 percent, to 24,145.92. The S&P 500 slipped 0.57 percent. The Nasdaq Composite dipped 0.16 percent.

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In early November, the Standing Committee of the National People's Congress, the top legislature, also decided to submit the draft supervision law to the next NPC plenary session, which is expected in early March.

In future, Jumeirah will be looking more closely at those upcoming districts, the less established districts with growing artists, young chefs and young clothing brands and so on.

In announcing Earth Polo, Ralph Lauren committed to removing at least 170 million bottles from landfills and oceans by 2025.

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In another article posted online, Secretary for Financial Services and the Treasury James Henry Lau Jr. said that Hong Kong's economic growth is becoming increasingly sluggish due to external factors, including the U.S.-China trade frictions and a possible "hard Brexit" of Britain from the European Union, as well as social strife within the Hong Kong society.

In early trading, American Airlines dropped 8.98 percent. Delta Air Lines fell 7.86 percent. Southwest Airlines lost 5.99 percent. United Airlines skidded 7.42 percent.

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In an interview with the Financial Times, US Commerce Secretary Wilbur Ross dismissed the accusation of US protectionism. The 79-year-old billionaire instead cited the US trade deficit as a sign of its openness and blamed other countries for causing the deficits.

In effect, Peru has with China a comprehensive strategic partnership, a free trade agreement and now the memorandum of understanding on the BRI. On the other hand, the country is a prospective member of the Asian Infrastructure Investment Bank. Likewise, Peru is the second destination of Chinese direct investment in Latin America (after Brazil), China's third trading partner in South America (after Brazil and Chile) and has the largest community of Chinese immigrants in Latin America.