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Jin Xu, minister counselor of the Chinese embassy in Britain, said: "It's a great product. One year ago, it was a wasteland. Within just 10 months, they have built this. It's a huge achievement. It's UK quality combined with Chinese speed."

Jiubao has enjoyed certain advantages in the livestreaming economy in the clothing industry for many years and is home to numerous social media influencers such as Zhang Dayi, who was among China's first online celebrities engaged in selling women's clothes on Taobao.

Jilin province-based Changchun Yidong Clutch Co Ltd, a Shanghai-listed company and a subsidiary of China North Industries Group Corp Ltd－a Beijing-based central SOE－saw sales revenue and profit of its main business surge 16.31 percent and 66.27 percent, respectively, on a yearly basis in the first half, thanks to its shift of innovation focus alongside timely work and production resumption in the second quarter.

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Job statistics prepared by ADP and Moody's Analytics showed layoffs increased early last month before the full impact of the pandemic was felt. Figures to be released Thursday by the Labor Department are expected to be much higher.

Judging by the historical performance of epidemic-hit stock markets, analysts say they believe the impact is mainly about investor sentiment and expectation, which will become basically negligible in the long term.

Jorge Moreira da Silva is director of the Development Cooperation Directorate at the OECD.

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Jillson said that in democratic politics, compromise, accepting half a loaf, allowing both sides to declare victory, is the way such matters usually conclude.

Judges cannot sentence and penalize if there is a doubt in a financial case, and they should distinguish economic crimes from civil disputes to prevent using criminal punishments to solve civil litigations, he said.

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Just a few days after Gobee.bike went to the wall, some 28 Uber drivers in Hong Kong were slapped with fines of up to HK,500 for taking passengers without a hire-car permit.

Judicial organs in China have vigorously promoted a special campaign against organized crime and achieved initial success last year.