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Shares of American Airlines are up more than 50 percent from the low. United Airlines is up about 34 percent and Delta has gained nearly 20 percent.

Shares of SOHO China closed at HK.48 (57 cents) per share on Tuesday, nosediving 7.44 percent.

Shan said China's tourism industry was developing, and both the sightseeing and leisure activities markets were growing.

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Shanghai held a ceremony on Monday to launch a massive campaign to boost consumer spending and resuscitate an economy bruised by the novel coronavirus. As part of the campaign, merchants are opening up their wallets, offering steep discounts and dishing out shopping coupons to spur spending.

Shares of S&P 500 technology companies, which are exposed to Chinese markets, dropped 4.1 percent. US tech stocks, including Apple, Intel and Microsoft, also were hammered.

Shanghai will also build specialized and world-class shopping streets and make the city a popular place for consumers to purchase high-end products, as indicated by the city's action plan for boosting consumption from 2018 to 2020.

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She Xiechuan, General Manager of Lao Technology Development Co Ltd, a Chinese company in Laos, told Xinhua on Friday that his company has signed the memorandum of agreement (MoA) with the Department of Standardization and Metrology under the Lao Ministry of Science and Techology in Lao capital Vientiane on Thursday.

Sharing the same technical platform, both the Byton K-Byte sedan concept and M-Byte sport utility vehicle concept feature a 49-inch (124.5-centimeter) curved full-screen dashboard, a touch screen in its steering wheel, two screens for rear passengers, facial recognition, autonomous driving technologies and two battery power options.

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Several online ride-hailing safety accidents last year have raised public concerns over service safety and led to tightening regulations in China.

Shanghai Mayor Ying Yong said in the municipal government report that in the coming year the municipality plans to add 50 new community-based service centers, 80 elderly day care centers, 7,000 more beds for elderly care and 1,000 beds for those suffering from dementia.