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The investment is a further testament to the flourishing trade and high-tech relations between the EU and Israel since a bilateral free trade agreement was signed in 1975.

The latest US moves are part of the new trade barriers stemming from the Trump administration's "America First" policy. They have apparently broken today's multilateral trade rules Washington led countries to establish with the 163-member World Trade Organization (WTO) at the center.

The issuance of central bank bills in Hong Kong will also improve the yuan yield curve in the region and push yuan internationalization, it said.

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The late famous actress Nancy Chan visits with author Paul Fonoroff in Hong Kong in 2014. Chan, who appears frequently in Fonoroff ’s new book, Movie Magazines: From Charlie Chaplin to Chairman Mao, 1921-1951, is pictured on the cover of the 1941 magazine they are holding. PAUL KENDEL FONOROFF COLLECTION FOR CHINESE FILM STUDIES, C.V. STARR EAST ASIAN LIBRARY, UNIVERSITY OF CALIFORNIA, BERKELEY Right: Nancy Chan portrayed in her hit film The Angel (1939). PHOTOS REPRINTED WITH PERMISSION OF UNIVERSITY OF CALIFORNIA PRESS

The internationalization of the yuan had slowed down amid depreciation pressure since August 2015, when the People's Bank of China reformed the yuan's midpoint rate determination mechanism, but momentum picked up in 2017 with a stronger-than-expected yuan.

The latest research from Moody's indicated that China's shadow banking industry was worth about 59.6 trillion yuan by the end of the first half, nearly the lowest level in three years. It shrank by about 1.7 trillion yuan from the end of 2018.

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The latest guidelines will promote diversification of China's banking and insurance system and improve its service capability, said Zhang Xingrong, managing director of the Bank of China Research Institute.

The latest amendment to the Patent Law stipulates that the punitive damages for intentional infringement can reach up to five times of the amount of infringement, which is relatively high by global standards, he said.

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The launch of China's first cruise tourism development demonstration zone in Shanghai marked the emergence of a hundred-billion-yuan industry chain in the country, and it is only a matter of time before China becomes the largest cruise market in the world, experts said.

The latest draft has strengthened efforts to ensure the authenticity of data collection.