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The Chinese e-commerce giant will partner with Tiki in a range of areas, including merchandising, cross-border trade, logistics and fulfillment, technology, financing and operational capabilities.

The Caixin China Composite PMI rose for the third consecutive month to 51.9 in September, signaling the strongest economic expansion since April, said media group Caixin and information provider IHS Markit. The index stood at 51.6 in August. A PMI reading above 50 indicates expansion while one below that shows contraction.

The Chinese embassy open house was part of the Around the World Embassy Tour held annually in the US capital, with more than 53 foreign embassies opening their doors to the public over a 31-day period.

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The China Banking and Insurance Regulatory Commission said on Friday the government would start to allow funds from products publicly sold by banks' wealth management subsidiaries to be invested in shares.

The China (Shanghai) Pilot Free Trade Zone, which was launched in September 2013, was China's first FTZ and has paved the way for development of other such zones in the country. As of September, 49,000 enterprises were registered in the Shanghai FTZ.

The Chinese ambassador also hailed the Elion-Verhoeve deal as a "new case of win-win cooperation between Chinese and Dutch enterprises."

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The Chinese leadership has promised to create "a stable, fair, transparent and predictable business environment," with a range of measures under way.

The Canton Fair, officially known as China Import and Export Fair, claims to be the world's largest such exhibition, where more than 24,000 exporters and 196,000 buyers, mostly foreign, ink deals in booths spanning exhibition space equivalent to 2,500 basketball courts.

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The China New Industry Summit 2020 opens in Baotou, Inner Mongolia, on Dec 8. [Photo/Baotou Daily]

The Chinese government is determined to protect the just and legitimate rights and interests of its citizens and enterprises, stressed the ambassador.