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Studies have also shown that dual language learners are generally more successful in school. Outside of academic achievement, dual language students had better attendance rates and less problem-related behavior.

Steven Chapman, group vice-president for China and Russia at global engine manufacturer Cummins, who has been in China more than three decades, said, "My first impression of Chinese partners is integrity."

Strong players are expected to squeeze out a large number of unprofessional firms in the years ahead. In fact, a virtual shakeout had begun last year when deleveraging moves and the stock market downturn made it much harder for weak players to raise money, Liao said.

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Sub-venues were set up for the panel discussions, allowing political advisors and grassroots representatives from Guangxi Zhuang autonomous region, Chongqing, Sichuan and other places to attend the discussions via video link.

Strict rules were made to regulate self-driving vehicles' passenger-carrying tests in Beijing, where detailed rules have been launched for road testing of autonomous vehicles. For example, self-driving vehicles should be freely transferred to driver mode. Volunteers participating in the test must be above 18 years of age and have full capacity for civil conduct.

Stocks in sectors of banking, food and beverages, biomedicine and electronics will benefit the most from the capital inflow as they make up of the majority weighting in the MSCI inclusion. In the long term, the representation of foreign investment in the A-share market will continue to rise, according to Lianxun Securities.

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Steve Kessel, senior vice president for Amazon Kindle, is among the executives quoted in the news release, a sign that the partnership also involves digital content.

Students from the Central Conservatory of Music perform at a news conference in Beijing on Sunday. New York's Bard College Conservatory of Music will work with the college to create an undergraduate program in Chinese musical instrument performance. MA GUOHUI/FOR CHINA DAILY

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Strategically, Pivot will bridge Pintec's extensive AI-driven experience in China and Singapore's fintech development. A near-term goal is for Pivot to train a local AI talent pool in collaboration with Singapore educational institutions.

Such moves come as China makes strides in the industrial internet sector. According to a report released by the China Academy of Information and Communications Technology, China's industrial internet market will grow steadily at a compound annual growth rate of 14.4 percent over the next two years to exceed 900 billion yuan (6.9 billion) in 2022.