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Senior executives said that as China continues to implement reforms and progresses toward greater market openness, the logistics industry is also transforming to meet the dynamic needs of Chinese businesses as they engage in more global trade.

Set up last year, China Xiongan Group is to raise fund for constructing transport links and other infrastructure and public facilities in the area.

Separately, the office also found similar problems involving poverty alleviation funds, noting in the report that those who misappropriated the funds have not been held to account.

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Sean Chiao, president of Asia Pacific operations of Aecom, delivers a speech in Melbourne in August 2018. [Photo provided to China Daily]

Sergey Zheleznyak, deputy secretary of the general council of the United Russia Party, suggested creating a forum of think tanks from SCO countries to create cooperative proposals. He also advocated more exchanges among youth, women and the media.

Self-guided tours have become popular alternatives, it said. More than 50 percent of Chinese families took a self-planned trip during the seven-day break, and high-quality services were emphasized over low prices.

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Second, consumption is expected to continue a steady growth, given the stimulus of recently implemented large-scale tax cuts. Additional policies to boost consumption are probably on the horizon.

Second, a significant thinning of economic interaction and interchange is unfolding, with New Delhi's pincer actions of instituting stringent executive scrutiny of cross-border corporate investments, proscribing Chinese apps and tech platforms, and tweaking of domestic regulations to automatically circumscribe exposure of critical sectors of the economy, in the extractive, industrial manufacturing, and civilian infrastructure spaces, to potential Chinese suitors.

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Seoul's Foreign Ministry said in a statement on Monday that Foreign Minister Kang Kyung-wha will visit Washington from Thursday to Saturday and have a meeting with Tillerson during her three-day stay.

Senate Republicans also were attempting to dissuade Trump from holding another summit with Putin. When asked about the possibility of a second summit, Senate Republican Whip John Cornyn of Texas hung his head and quipped, "maybe in a year or two", thehill.com reported on Thursday.