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In contrast, China's PMI increased to 50.4 last month from 49.9 in July, according to the Caixin China General Manufacturing Purchasing Managers' Index released Monday.

In comparison with the same period in 2017, the labor force participation rate and the unemployment rate dropped by 0.5 and 0.2 percentage points respectively while the underemployment rate rose by 0.1 percentage point.

In five years, the initiative has borne fruit, benefiting for example Spain.

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In eastern China's Zhejiang province, Wenzhou Jinma Stationery Manufacturing Co Ltd has received a helping hand from e-commerce by joining the "Super Factories" initiative launched by Alibaba's e-commerce platform Taobao.

In addition, through its joint venture Adient Yanfeng Seating Mechanism Co Ltd, Adient announced plans to expand its metals and mechanisms plant into a new 90,000 square meters plant located in Changshu, Jiangsu province.

In celebration of the 20th anniversary of Macao's return to the motherland, the special administrative region staged a grand fireworks show in front of the landmark Macao Tower and Hengqin Financial Island jointly with Zhuhai, a coastal city in South China's Guangdong province. It was the first large cultural event jointly hosted by the two neighboring cities.

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In early November, TripAdvisor Inc reached a strategic partnership with Trip.com Group Limited, China's largest online travel agency, to expand global cooperation, including a joint venture, global content agreements and a governance agreement.

In early trading, the Dow was down 5.18 percent. The S&P 500 fell 4.83 percent. The Nasdaq Composite tumbled 4.05 percent.

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In contrast, US consumers drink more than 84 billion servings of tea per year, according to the tea association.

In fact, I felt grateful that the country's e-commerce industry is so efficient and professional that it served the world's most populous nation with aplomb even during an unprecedented lockdown.