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The two nations already cooperate under the UK-China Joint Laboratory Program in Space Science and Technology, established in 2007.

The trilemma, however, is inescapable for monetary policymakers. Guo has also noted that one challenge could be the appreciation pressure on the currency if its exchange rate is allowed to float more freely during the internationalization process along with capital inflows.

The trend of consumers favoring online shopping is not just in the US. Two weeks ago in China, e-commerce giant Alibaba saw record sales of .8 billion in the 24 hours of Nov 11, or so-called "Singles Day," which is also having an impact in the US.

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The transaction is expected to be completed in the coming months, and ABB has the possibility to increase its stake further in the next three years.

The two companies signed a contract in June with a local company for the construction of the diversion system, main dam and access bridge as well as the hydropower project.

The twin-engine small plane had just taken off when it crashed into a hangar, Federal Aviation Administration (FAA) spokesperson Lynn Lunsford said. The fire destroyed the aircraft.

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The two sides will jointly promote the factory assessment and improvement system (FAIS), and develop and promulgate innovative solutions for the transformation toward a greener textile industry.

The travel ban has long been central to Trump's presidency.

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The two sides had appeared to reach a detente last July when Trump agreed not to impose tariffs on EU-produced cars and parts as long as the two sides negotiated on trade, including the removal of tariffs on "non-auto industrial goods."

The two accusations were taken to intermediate people's courts in Changchun, Jilin province, and Jinan, Shandong province.