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The Chinese government has been immensely effective in educating and in aligning its citizens together to fight COVID-19.

The California Department of Motor Vehicles lists anything less than 300 meters to be low visibility and recommends that driver precautions be taken.

The China-based Asian Infrastructure Investment Bank (AIIB) plans to launch local currency financing in some Asia countries later this year, a measure to reduce cross-border investment risks produced by exchange rate fluctuations.

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The Cboe Volatility index (VIX), widely considered the best gauge of fear in the market, rallied 30.68 percent to 23.34 in late trading on Thursday.

The CSRC will instead be responsible for the registration of new shares, making initial public offerings more market-oriented.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, rose 2.72 percent to 2,529.49 points.

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The Chinese currency renminbi is expected to stay strong against the US dollar in the short term, having risen 2.8 percent by the end of January and 6.3 percent in 2017, said Liu Gang, an analyst at China International Capital Corporation Ltd or CICC.

The Chinese gold industry is struggling to build strong brand images that appeal to younger consumers, as the industry's new target market now sees jewelry primarily as a fashion statement, not an investment.

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The Chinese central bank issued full-year financial data on Thursday and indicated stable growth of money supply and credit to strengthen financial support for economic growth.

The China Financial Futures Exchange and the Shanghai International Energy Exchange were the top two bourses in terms of trade volume and value.