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Many cultural creative businesses have settled in Chengdu, including Tencent, Kingsoft, Migu Music and Gimi. The popular mobile game Honor of Kings was developed by Tencent's team in Chengdu. The game was named a top 10 game in terms of intellectual property value.

Market insiders expect Xiaomi to issue its prospectus as early as end-June and to get listed in the middle of July, although there is still no confirmation on the company's valuation.

Marks & Spencer is going through a crucial period of transition after announcing it would close its 10 stores in major Chinese cities.

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Mao said residents with Beijing hukou (household registration) or residence permits as well as those living and working in Beijing before the novel coronavirus pneumonia broke out were eligible to return.

Many refiners preferred to sell their products in domestic markets as product prices in international markets were lower due to lockdowns and freight rates remained high.

Marc Meloche, head of structured finance at Bombardier Commercial Aircraft, said on Tuesday that the company hopes to sell aircraft in China.

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Many investors have been bracing for a pullback for months, as the stock market has minted record high after record high, with investors encouraged by solid economic data and corporate earnings prospects, the latter bolstered by recently passed US corporate tax cuts.

Markey asks Bezos how Ring communicates with its customers about working with the police. The senator is also probing Amazon for details on how and when law enforcement agencies share surveillance footage with one another. The letter asks for a list of law enforcement entities that have accessed Ring footage and whether Amazon is planning to integrate its facial recognition technology with any Ring products.

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Mark Zandi, chief economist of Moody's Analytics, has recently warned that the US economy is at serious risk of sliding back into recession unless Congress and the Trump administration come up with another fiscal rescue package before Congress goes on its August recess.

Mark Hadland