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This will work both ways, with Italian companies having better access to China, he said.

This would be especially relevant for me because this year, the Year of the Dog in the Chinese zodiac, is my ben ming nian (zodiac year of birth).

Those groups, many of whom have been languishing in India for years without rights, will now get an automatic path to Indian nationality if they came from these three countries before 2015.

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This year's heavy penalties showed that the government is clamping down on real estate credit breaches, said Yan Yuejin, an analyst at the Shanghai-based think tank E-house China R&D Institute.

This union also allows for the Chinese community to transact in renminbi, which has vast benefits such as realising significant savings when US dollar conversion costs and liquidity constraints are removed; promotes price transparency and reduces the cost of international trade; to name a few.

This year's fair will hold about 190 activities, including four summit forums, 116 industrial conferences and professional forums, 18 industrial promotional events, 29 thematic events for participants from overseas countries and regions, and 18 thematic events at provincial, autonomous regional and municipal levels.

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This year, the UK's two leading supermarket chains, Tesco and Sainsbury's, began selling mid-range Changyu wines, starting at 7 pounds () a bottle. UK wine merchant Berry Bros & Rudd has had four Changyu wines, ranging from 19 to 65 pounds, in permanent stock since 2013.

Thomas Ingenlath, CEO of Polestar, said he has great confidence in the Chinese market.

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Those steps include arrangements to warehouse some Chinese-made goods in Chile in advance, so they can be shipped faster.

This trend has started to manifest itself. Since the beginning of the third quarter, the spot rate of the onshore renminbi has appreciated about 2 percent against the greenback to roughly 6.91 as of Friday.