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Last year, the company even announced a 46,000-square-foot photo studio in London. Before that, it opened a similar studio for fashion shoots in New York.

Last year, the value of imported Italian wines totaled 6 million, down 3.53 percent from 2017, and the value of imported Spanish wines came in at 5 million, dropping 20.13 percent from 2017.

Launched by President Xi in 2013, the B&R initiative includes the Silk Road Economic Belt and the 21st Century Maritime Silk Road which aims at reviving ancient trade routes to link China with numerous countries in Asia, Africa and Europe through trade and infrastructure networks.

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Last year, the number of clients of China Merchants Bank Private Banking totaled 67,400, up 13.19 percent from a year earlier, while its assets under management reached 1.9 trillion yuan, up 14.81 percent from the year-ago period.

Learning TCM in Zhejiang has become a popular choice among foreign students in China. [Photos by Yu Wei for China Daily]

Latin America has become one of the most important destinations of China's investment in recent years. China's nonfinancial direct investment to Latin America reached billion in 2016, an increase of 40 percent year-on-year, compared with China's stock of foreign direct investment in Latin America -- .6 billion in 2009.

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Launched by the China Commission of Promotion of Publicity for the Undertakings of Chinese Disabled Persons earlier this year, the program has seen 2,000 installations completed in a number of provinces including Jiangsu, Yunnan and Henan, according to the commission's deputy secretary-general Xu Gang.

Left: former SAR Chief Executive Chui Sai On. Right: Chinese respiratory-disease expert Zhong Nanshan.

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Leaders from the two sides agreed that the exchange will be an important platform for launching China A-shares index derivatives and to support the development of the offshore yuan market in Frankfurt. Through it, German issuers can also issue yuan-denominated bonds and Chinese issuers can list stocks and bonds in Germany.

Leaders of the two countries have maintained close communication since the outbreak of the coronavirus pandemic. President Xi Jinping has had three telephone conversations with German Chancellor Angela Merkel, and Premier Li Keqiang held a videoconference with her in June.