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The CFETS said the new formula would allow dealers to incorporate a "counter cyclical factor" into the existing formula to "appropriately hedge against the pro-cyclical fluctuation in market sentiment and alleviate the potential for herd behavior in the forex market."

The Beijing tech firm is an English language learning application developer. BBC claimed that iYuba's use of the "BBC" logo makes the public mistakenly believe that the applications and services provided by iYuba are associated with BBC, causing confusion and constituting unfair competition.

The Beijing expo has 110 participating countries and expects 16 million buyers to visit the expo within six months. "Kenya hopes to bag the most exports as well as investment deals," said Munya.

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The Baoji-Chengdu railway line resumed full service at 5 pm, according to China Railway Xi'an Group Co, Ltd.

The Binzhou government did not respond to China Daily's request for an interview. A staff member from the government's administrative office was quoted earlier in Chinese Business View, a local newspaper, saying that she was not clear about the arrears.

The CFETS yuan exchange rate composite index, which measures the yuan's strength relative to a basket of currencies, came in at 95.59 on Nov 27, down 0.24 points from a week earlier, according to the CFETS.

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The BOA Group is also planning to open a branch in the Chinese city of Shanghai as soon as possible, the report said.

The CCDI ordered strengthened supervision of official conduct before and during the Dragon Boat Festival holiday, pledging zero tolerance for officials who cross the "red line."

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The Azerbaijani minister invited Chinese companies to benefit from the favorable business and investment environment in Azerbaijan, and establish joint ventures in the country's industrial parks and hubs.

The Bhartiya Janata Party (BJP) headed by Prime Minister Narendra Modi bagged only eight seats in 70-member Delhi assembly to finish at distant second behind 62 seats by the liberal Aam Aadmi Party (AAP) led by Chief Minister Arvind Kejriwal.