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The report is scheduled for further discussion on Tuesday morning, according to the agenda of the session.

The report shows that consumers love buying healthy and tasty snacks. Natural food, whole grain, sugar-free and additive-free have become key words when selecting snack foods. The major consumer group for snack foods is young people aged between 20 and 30.

The report said BOE, a world leader in TV LCD panels which has shifted its efforts to OLED panels, could start its OLED supply to Apple in 2020.

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The regulation is of great significance in building a stable, transparent, fair and predictable legal business environment and promoting modernized governance of the environment, said Liu Junhai, a business law professor with Renmin University of China.

The regulation sets out requirements on payment period and acceptance review. A payment information disclosure system will be established. The regulation also lays down provisions for handling complaints, penalty for acts of bad faith, and disciplinary action and accountability.

The regional economic organization, also known as Mercosur, will serve as a bridge to boost cooperation with China in fields such as infrastructure, logistics, railways, aviation and ports, Miguel Lujan Paletta, president of Mercosur's chamber of commerce, said in Beijing.

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The renminbi as an alternative to the USdollars and oil settlement may be attractive over time as this helps diversify the risks from US control, Savage said.

The report characterized past two-way investment as a "one-way street," with money flowing predominantly from the United States to China. But now, investment is a "two-way highway" with tens of billions of dollars in annual FDI flowing in each direction.

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The report says the collective rise of Chinese cities is the most significant event in the development of global cities since 1978.

The report found that since 2013, more than 4,500 BRI projects have been financed globally, with their expected total project value exceeding trillion. A number of British banks are heavily involved in the projects' financing. For example, Britain's Standard Chartered funded more than 50 BRI deals in 2017 alone, and last December it announced an additional billion commitment to BRI projects by 2020.