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Global consultancy Oliver Wyman put this down to booming online e-commerce platforms in China. They have made massive strides in cross-border internet shopping from Chanel handbags straight from France to cherries from the United States.
Germany and the US blocked the deals by arguing that Chinese companies had been buying up overseas enterprises that have strategic technologies, without allowing similar purchases to be made by Chinese companies.
Gedoumi posted on its official WeChat account on Wednesday that those children who were sent home in September can go back to not only continue boxing training, but will also get a compulsory education degree recognized by the government.
George Galloway, an outspoken former member of the United Kingdom's Parliament, said how the central and Hong Kong government officials handle the situation in the former British colony is none of the UK's business.
Given State-owned companies' resistance to grant third-party access to their existing terminals, some independent buyers are building their own LNG import facilities, despite high taxes and an onerous approval process, he said.
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Given the importance of trade between the world's two largest economies and top traders, the two sides should work to resolve the issue via negotiations instead of the threat of penalties.
German business daily Handelsblatt reported that Deutsche Bank is also seeking approval to issue renminbi-denominated bonds in China's bond market, which are widely known as Panda Bonds and are yuan-denominated bonds issued by qualified foreign capital institutions in the Chinese market.
Global fund manager BlackRock-controlled private equity participated in the financing by investing 5 million.
Geng made the remarks in response to a question at a daily news conference regarding opinions among some that the initiative, instead of being "win-win", was China's solo play. "These are misunderstandings made totally out of stereotypical thinking," he said.