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The DC/EP project plan is like an umbrella or a platform that may encompass or spawn several payment products. Each product can be tested in trials and promoted later.

The Chinese securities watchdog rejected 43 of 329 companies' applications for initial public offerings (IPO) in the first seven months of the year, sending the veto rate to 13.07 percent from last year's 2.21 percent, China Securities Journal quoted statistics as saying.

The Dow Jones Industrial Average plunged 943.24 points, or 3.43 percent, to 26,519.95. The S&P 500 decreased 119.65 points, or 3.53 percent, to 3,271.03. The Nasdaq Composite Index shed 426.48 points, or 3.73 percent, to 11,004.87.

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The Confucius Institute at the University of Nairobi, the first of its kind on the African Continent, staged a performance of the lion dance and Chinese traditional dance at the festival.

The Chinese owner of four vineyards in the French winemaking region of Bordeaux has caused a stir by giving the historic chateaus new names with a distinctly Chinese flavor.

The DMA has been doing business in China since 2012 and saw volumes increase tenfold over the past few years.

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The DPRK's official Korean Central News Agency reported earlier in the day that the country will soon distribute 12 million leaflets to ROK to "make them pay dearly for their crime."

The Christian Dior section at a store in Zhengzhou, capital of Henan province. [Photo by Ma Jian/for China Daily]

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The EU and China are firm supporters of multilateralism, economic globalization and rules-based international relations, as well as being major economies in the world supply chains. The outbreak of the virus and its influence on the world economy have only served to heighten the fact that their interests are so closely interwoven that any efforts to try to drive a wedge between them will harm the interests of all countries.

The Chinese province of Shaanxi lay on the ancient Silk Road. In 1987, a discovery there stirred up international sensation. Twenty exquisite pieces of colored glaze were excavated in the underground chamber at Famen Temple.