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The benchmark Shanghai Composite Index fell by 1.41 percent to close at 2867.84 points, while the smaller Shenzhen Component Index ended 1.42 percent lower at 9136.46 points.

The automaker says it built this new model on its latest "Architecture of Luxury", referring to an all-aluminum space-frame architecture designed for small-volume manufacture that will underpin every future Rolls-Royce beginning with the new Phantom, which was launched on the market in the second half of last year.

The auction's proceeds will be distributed to more than a dozen charities, including Harvard University and the Museum of Modern Art, which was founded by the Rockefeller family.

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The base will boost the local tourism economy, educate the public about space exploration and provide a multifunction, outdoor experiment field for scientists around the world, Liu Xiaoqun, director of the General Office of Lunar and Deep Space Exploration of the Chinese Academy of Sciences, told China Daily in an exclusive interview.

The biggest mistake we’ve made so far:?“On the contrary, when we first started out we were so eager to get started that we rushed into to building a product. This allowed some of our personal biases to creep into the product and these were quickly brought up by our customers. Building a product without a sufficient customer development process almost never works. But, on the brightside, this pitfall lead us to our smartest move.”

The bill lists Iran and the Democratic People's Republic of Korea. With sanctions on the former having no international legitimacy, and US sanctions on Pyongyang far exceeding United Nations measures, this is effectively an attempt at "long-arm jurisdiction", forcing the city to comply with a number of US foreign policy goals.

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The average annual case settlement rate was over 90 percent, the SPC said in a statement earlier this week.

The bank will continue to step up risk control to ensure stable asset quality, Zheng said.

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The author is director of the Chinese Academy of Social Sciences' Institute of World Economics and Politics. The views do not necessarily reflect those of China Daily.

The base, which was jointly established by the Ministry of Industry and Information Technology, the Ministry of Public Security and the local government of Jiangsu province, is the first and only one of its kind initiated by the Ministry of Public Security so far.