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The CPF will focus on three areas of engagement: advancing market and fiscal reforms, promoting greener growth and sharing the benefits of growth, the World Bank said in a statement.

The BMW logo is on the wheel of a vehicle presented at the Auto China 2016 auto show in Beijing, on April 29, 2016. [Photo/Agencies]

The Belt and Road Initiative, proposed by China in 2013 to enhance regional connectivity among many countries and regions through both overland and sea routes, is a telling example of how the country's "wisdom and plan" contribute to the world.

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The Belt and Road Initiative is seen by the report's authors as a platform for further expanding bilateral trade and economic cooperation, with the EU potentially becoming its Western anchor. They say the "strategic goal" of China and the EU should be to move closer "in response to US uncertainty".

The CDC has warned the American people to prepare for possible wider spread of the virus in the country.

The Beijing News earlier reported that the building was constructed by villagers and had undergone many expansions over the past 10 years. The major collapsed section was the restaurant's main hall, which was originally a yard with a roof later added.

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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 BRF is the highest-level platform for Belt and Road cooperation where all parties concerned meet to build consensus and adopt plans for future cooperation. We have set up a BRF Advisory Council consisting of leading international figures to provide advice on the growth of the Forum. In addition, China and other participating countries have in recent years set up platforms for multilateral cooperation on port, shipping, finance, taxation, energy, culture, think tank, the media and other areas and launched initiatives on a green Silk Road and a clean Silk Road.

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The CSRC also pledged to deepen reforms of existing trading platforms providing financing for innovative firms and to small enterprises－the ChiNext board and the National Equities Exchange and Quotations system－as part of overall efforts to expand direct financing channels for enterprises through a multitier market system.

The Beijing-based company set up a goal on Wednesday to "enlarge the platform's Chinese-language learners to more than 100 economies in the next three years".