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Their cooperation stands to not only benefit the 11 countries involved but also promotes the stability and prosperity of the entire region, its role in global economic growth and the building of a new type of international relations, said Xu.

The world's confidence in the prospects of China's development is well-founded. The country's economic recovery will continue in the second half of the year, powered by the rapidly growing new industries and business models, as well as the strong support from macro policies.

Their comments came a day before the US planned to impose 25 percent tariffs on Chinese products on Friday.

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Themed "Join hands in tiding over difficulties, cross-sector integration and win-win cooperation", the four-day event includes broad exchanges of technical information and ideas on a variety of topics, such as integration, development and cross-sector collaboration; technological change; and NEV technology innovation.

Themed "Harbin - the Pearl on the Crown of Ice and Snow", the tourism season will run till April, overlapping some of China's traditional holidays," said Li Geng, deputy director of the city's culture and tourism bureau. "As a major event for the "Ice City" of Harbin to welcome tourists, a series of activities will be held during the period, covering tourism, culture, art, fashion, sports and trade."

There are also wooden tower-like maze for cats to move from hole to hole, and fish in small ponds to cheer them up.

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The world's largest automotive supplier was currently expecting total sales this year to only be at the previous year's level and Bosch would be unable "to maintain the high level of returns of the previous year," noted Denner.

The yuan is expected to strengthen against a basket of currencies in the near term, buoyed by economic fundamentals and anti-cyclical measures to keep the yuan stable, as well as the interest rate gap with the United States, said Cao.

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Their dedication to their work has added to the vibrancy and texture of the city, and for decades those old-school entrepreneurs, often poorly educated or uneducated, carved out a respectable living and played an important role in cultural and economic development, which helped to create the rich tapestry that visitors associate with Hong Kong.

Then there are the anarchists, who revel in mayhem. Lacking any loyalties or sense of purpose, they hate our society and its success, and wish to disrupt things. Such people are often gullible, and care not that they are being manipulated by extremists or foreign agencies. But woe betide anybody who gets in their way, particularly if they are elderly, alone or academics. They readily attach themselves to whatever protest is going, mouthing the slogans of the hour, and involving themselves in any excess, including attacks on the homes of police officers. If this will also cause problems for Beijing, so much the better.