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Zhang was a co-founder of Digital Horizon Capital, a Delaware registered, Silicon Valley-based venture capital fund, promoting education, innovation and entrepreneurship.

Zhao Weidong, spokesman for the Beijing Municipal Commission of Commerce, said on Friday that Beijing has established a platform to cooperate with Tianjin and Hebei and has transferred some wholesale markets and logistics facilities to Hebei.

Zhou Xiaoyun of Guangqiang Law Firm in Guangzhou, Guangdong province, said charging a financial service fee is a prevalent practice among car dealers in China, with fees usually equivalent to about 2 percent of the loan amount for buying a car, but it is illegal for dealers to charge such fees, since they are not permitted to provide financial services.

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Zhang, whose doctoral research focuses on new energy and materials, will work for a major Chinese energy enterprise in the new energy development sector.

Zhang said that China hopes that the US and Cuba would "continue to advance the normalization of their relations and that the US will completely abolish the embargo policy against Cuba as soon as possible. Both parties should move with the historical trend of our times to developing normal interstate relations in accordance with the purpose of the UN Charter and basic norms of international relations."

Zhou Dingshuang carries her elder brother to school every day. [Photo provided to chinadaily.com.cn]

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Zhao Bingbing, chief representative of China Markets at London and Partners, said:"This report shows the partnership between London and China is thriving, and we have been busy making deals. Earning fourth place in global investment deal value confirms we are well-equipped to work with our international partners and develop a diverse fintech ecosystem."

Zhao Yue, an e-commerce specialist at Beijing-based market research firm Analysys, said the past two years had witnessed slowdown in the development of e-commerce, and sales at physical stores have also slumped.

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Zhejiang Geely Holding Group will start producing cars under British sports car brand Lotus in China at a 9 billion yuan (.3 billion) factory in Wuhan, capital of Central China's Hubei province, according to Reuters, citing company job advertisements and government documents.

Zhong Naixiong, owner of Guangzhou Long-Lions, was a 15-year-old student then and still remembereds how excited he was when Washington Bulletthe team visited China.