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The initiative will evolve into a "smart highway carrying information, knowledge, and services across continents, not just goods," said Jerry Hultin, co-founder of Global Futures Group, a consulting firm.

The international cloud market, however, remains largely controlled by Western players, according to Synergy Research Group. Amazon Web Services dominates 40 percent of the market, followed by a combined 23 percent shared by Microsoft Corp, Google Inc and IBM Corp, Synergy added.

The index tracking the sector's overall development has continued to rise in recent years, according to the Ministry of Industry and Information Technology (MIIT).

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The initial float featured a giant dragon and recreations of the Summer Palace, as samba dancers shimmied to the beat of Brazilian batucada and whirled traditional Chinese fans.

The incident took place Tuesday morning in Baldwin County. The bus carrying dozens of high school students went off the road on Interstate 10 and plunged into a ravine.

The increase in sales has triggered the need for more workers. During the busiest periods there are nearly 100 employees at the factory. Besides a dozen permanent workers, all the other employees are drawn from surrounding villages.

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The index is down by 10 percent compared with early this year. The recent weakening of the dollar has helped push up the value of nondollar currencies in China's forex holdings, according to Zhao Xueqing, an analyst with Bank of China.

The intelligence agencies have been targeting the mainland and recklessly stepping up information collection and infiltration activities for some time, An Fengshan, spokesman for the Taiwan Affairs Office of the State Council, said on Sunday.

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The indictment is also bound to ratchet up tensions with Washington as the spread of the coronavirus threatens Venezuela's health system. Maduro has ordered Venezuelans to stay home in an effort to curb the spread of the virus, which officials say has infected 107 people and claimed its first death on Thursday.

The interbank markets previously planned to open on Friday.