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Reuters reported earlier this month that Volkswagen is working with SAIC to prepare for Audi vehicles production. Woellenstein said Audi wants to have a new partner in China, but he added that FAW-Volkswagen will remain the largest one.

Rooms for promoting Chinese culture, customs, laws and policies have also been established in some communities with more than 50 foreigners, with cultural, sport and family activities being organized, said Cai Wei, deputy director of the Guangzhou Public Security Bureau.

Restaurant owners report strong interest in vegetable-based protein products even though African swine fever poses no threat to humans.

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Retailers took a hammering with Target down 9.9 percent after it posted a lower-than-expected third-quarter profit. Home improvement chain Lowe's Cos Inc fell 2.6 percent after it unveiled more restructuring plans in the face of worse-than-expected comparable sales numbers.

Rich Helfenbein, CEO of American Apparel & Footwear Association, a trade group based in Washington, said Tuesday's action wasn't enough to calm retailers and consumers.

Revenue of China's rental homes market will reach 4.2 trillion yuan by 2030, up from 1.3 trillion yuan now, according to a research report from Orient Securities.

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Reuters and Xinhua contributed to this story.

Rudd said that strategically, the relationship is now in fundamental disrepair. The machinery that had previously existed through the strategic and economic dialogue has virtually been rendered redundant.

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Rising public concern

Rob Davis, South Africa's Minister of Trade and Industry, hopes that the CIIE will contribute in narrowing the trade imbalance between China and Africa.