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Interior view of the headquarters of WuXi Biologics' parent firm, WuXi AppTec, in Shanghai, April 23, 2018.[Photo/IC]

Investment in the project is estimated to total billion to billion, and construction will take eight years.

Insurers will face restrictions in establishing banking, securities and insurance subsidiaries or branches for their wrongdoings and will be restrained from participating in government procurement and getting government subsidies, according to the MoU.

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Iranian Foreign Minister Mohammad Javad Zarif said earlier this month in Doha, Qatar that US military presence in the Gulf failed to foster security and "only led to disasters."

Invested by China's Dalian Yihai Enterprise group, the Grand Oak Reserve project is a 600 acre plus master-planned community, with housing, commercial areas, clubhouse and golf courses.

International students in universities in Wuhan, Hubei province, were under good care after the city was hit by the novel coronavirus outbreak as teachers, classmates and people from across the country came forward to help them.

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Investors under the RMB Qualified Domestic Institutional Investors program were recently banned from moving yuan out of the country for forex purchases overseas. Instead, they are allowed to invest in yuan-denominated assets in foreign capital markets, as the country takes a "gradual approach" to open up its financial sector.

Internet giant Tencent Holdings Ltd is looking to establish a clear lead over rivals in China's livestreaming market with latest investments of over billion in the industry's top firms.

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Investors were cheered by a survey indicting that factory activity accelerated in July and with the release by the listed companies of peppy preliminary half-year profit reports.

Instead of blindly creating something new, Grolet thinks the key to success is to constantly strive for perfection. "After creating over 250 desserts, the important part is to push these recipes further towards flawlessness."