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The British heritage department store House of Fraser, which is majority-owned by a Chinese company, announced on Thursday it will close 31 of its 59 branches in the United Kingdom.

The CSRC is looking forward to bolstering cooperation with FTSE Russell and other international index compilers which would propel the opening up of China's markets, Fang said.

The COVID-19 pandemic continued to impact the global mobile phone industry, as worldwide sales of smartphones to end users dropped 20.4 percent to 295 million units in Q2 2020, Gartner Inc said.

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The Blue Book of China's Society, released Monday by the Chinese Academy of Social Sciences, described the trend as a departure from the norm, since security and job benefits are heavily dependent upon one's employer.

The Big Four lenders may need to increase capital by nearly 392.4 billion yuan every year for the next six years, said Zhang Xu, an analyst with Everbright Securities.

The Brunei's second minister said Brunei and China enjoy sound relations and Brunei hopes to enhance high-level exchange of visits, cement practical cooperation in various fields and maintain close communication on international and regional issues.

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The BRI, launched five years ago, now involves more than 100 countries and international organizations in building connectivity among countries, many of which are emerging and developing nations.

The Belt and Road Initiative, proposed by Chinese President Xi Jinping in 2013, aims to build a trade and infrastructure network connecting Asia with Europe and Africa along ancient trade routes, in an unprecedented effort that will unite up to 65 countries.

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The BLS said 24.2 million people said they remained at home because their employer had closed or lost business during the coronavirus pandemic, down from 31.3 million in July.

The Beijing News contributed to the story.