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The economic impact of the scale of trade measures that the US is aiming for, with proportionate retaliation from China and some negative impact on confidence, is modest. The billion scenario would reduce China's GDP growth by about 0.05 percentage points in 2018.

The drill, first announced in February, will include operations such as maritime safety, medical evacuation and search-and-rescue procedures. In preparation for it, China and ASEAN conducted a table-top exercise on Aug 2 and 3 in Singapore.

The duration of the proceedings and outcome largely depends on how much has already been decided between Jeff and MacKenzie Bezos, according to Fancher. If attorneys need to untangle complicated webs of finances and spend long hours on discovery, fees could amount to several million dollars. But if the two already have an arrangement hammered out, they could each spend as little as ,000-,000, Fancer said.

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The emergence of new business models has played a unique role in boosting employment in cities, Wang added.

The draft law basically maintains the current resource tax framework and rates formulated after a reform to levy such tax on most resources based on prices instead of quantities, the statement said.

The economy may continue to weaken.

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The epicenter was monitored at 22.82 degrees north latitude and 121.75 degrees east longitude. The quake struck at a depth of 9 km, the center said in a statement.

The event also featured participation from key intellectuals from all three countries, who spoke on various topics, including the Belt and Road Initiative and CPEC, and potential for trilateral cooperation and promotion of the cultural connectivity.

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The draft law says modern technology should be integrated into public libraries, with more digital content and networks, to deliver better services to the public.

The endorsements poured in as the National People's Congress on Thursday passed a decision to establish and improve Hong Kong's legal system and enforcement mechanisms on safeguarding national security.