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SHANGHAI — The US-based private investment firm Starwood Capital Group has formed a joint venture with a Chinese partner to run middle and upper scale hotels in China.

SHANGHAI -- An integrated circuit industrial base was officially inaugurated in Shanghai on Tuesday, with 14 projects worth 22.5 billion yuan (about .36 billion) signed agreements to be located in the base.

SHENZHEN - Five people were arrested for shouting "get down!" and causing panic on a subway train in the southern city of Shenzhen while shooting a short video for online attention.

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SHENYANG -- The opening of a new battery plant affiliated to BMW is the latest testament to the confidence of foreign firms in the Chinese market amid the country's steady economic recovery and resolute commitment to opening up.

SHANGHAI/BRUSSELS－A number of high-tech products will be exhibited for the first time at the China International Import Expo (CIIE), according to the organizing committee.

SEOUL - President of the Republic of Korea (ROK) Moon Jae-in said Monday that the Democratic People's Republic of Korea (DPRK) and the United States have shown their determination to continue dialogue for peace on and the denuclearization of the Korean Peninsula.

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SINGAPORE - Singapore Business Federation (SBF) and China Enterprises Association (CEA) jointly launched the Belt and Road Initiative Connect Platform at the Singapore Regional Business Forum (SRBF) 2017 opening here on Tuesday.

SAO PAULO -- The death toll from mudslides following unusually heavy rainfall in the state of Sao Paulo, Brazil, rose to 40, local authorities reported on Saturday.

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SOEs once played a key role in the China's economy, but they are seen as being bloated in size and inefficient while commanding significant resources, such as land and loans.

SASAC said it will also encourage independent innovation and breakthroughs in key technologies, as well as promote the transformation and development of the manufacturing industry, according to the statement.