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Shanghai Clearing House said the move implements measures introduced by the People's Bank of China, the country's central bank, on centralized clearing of RMB IRS between banks, as well as the clearing mechanism for standardized over-the-counter financial derivatives rolled out by the G20.

Shanghai recorded its hottest April day in 120 years Saturday, with temperatures reaching 31.2 degrees Celsius.

Several reasons, including the availability of labor, the cost of manufacturing and the infrastructure in China, have made it a preferred site for American companies for production.

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Shadow Brokers came to public attention in August when it mounted an unsuccessful attempt to auction off a set of older cyberspying tools it said were stolen from the US National Security Agency.

Shanghai ranked the sixth in the 2017 Global Financial Centers Index, up from 13th, according to a report released by British commercial think-tank Z/Yen.

Shandong's trade with countries along the Belt and Road totaled 145.4 billion yuan, up 12 percent from the same period last year, accounting for 32.5 percent of its total foreign trade in the first quarter.

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Seventy percent of the budget goes to the supportive housing, and 20 percent is used for shelters, so very little of that money goes to acquiring new land and building new housing, Lew explained.

Several of my co-workers who were in the office early that morning had fled, some walking over the Brooklyn Bridge and others hopping on a commuter ferry to New Jersey on the East River, anything to flee the shocking scene. It was the same ferry line I had planned to take in to the office that day.

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Shanghai tops 35 major Chinese cities in consumption expenditures per capita in 2019, with 45,605 yuan (81.46) spent, followed by the three other first-tier cities of Shenzhen, Beijing and Guangzhou. Seventeen cities have personally spent over 30,000 yuan on average, and most of them are from economically developed coastal regions in the east, according to financial media Yicai.com.

Shanghai was an important birthplace of China's domestic industry in modern times, and created numerous Chinese brands known for classic quality products.