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The CBRC added rules on the requirements, procedures and application materials for foreign banks to set up or buy into domestic banking institutions.

The Belt and Road Initiative will be high on the agenda as Van der Bellen and Kurz visit Beijing, Schrambock said.

The COVID-19 outbreak has laid bare the significant challenges facing all members of the global community, including those in governance, economy and healthcare management, said Wang Yong, director of the Center for International Political Economy at Peking University.

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The CICC was also upbeat about the foreign trade figures, saying "the impact of US-China trade friction may begin to show, but the impact may not be necessarily negative in the short term, as some exporters and importers may front-load trade before the potential tariff hikes."

The BRICS countries－Brazil, Russia, India, China and South Africa－have called on other nations to avoid any form of discrimination in their responses to the outbreak of novel coronavirus pneumonia.

The CEO was rumored to meet with Prime Minister Narendra Modi, but NDTV reported that government officials turned down requests, citing potential grievances with past coverage by the Bezos-owned Washington Post.

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The BRF is the highest-level platform for Belt and Road cooperation where all parties concerned meet to build consensus and adopt plans for future cooperation. We have set up a BRF Advisory Council consisting of leading international figures to provide advice on the growth of the Forum. In addition, China and other participating countries have in recent years set up platforms for multilateral cooperation on port, shipping, finance, taxation, energy, culture, think tank, the media and other areas and launched initiatives on a green Silk Road and a clean Silk Road.

The Beijing International Health Tourism Expo will be held in the capital over August 30-Sept 1. [Photo provided to China Daily]

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The Belt and Road projects will benefit the people of Pakistan directly because Chinese investments will go to areas critical to Pakistan's infrastructure, Lodhi said.

The British racing driver won his seventh world championship at the Turkish Grand Prix in November, becoming the most successful driver in the history of Formula One.