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Rates are now rising and even though most EMs hold a strong balance sheet, Van Praagh said credit stress could emerge for nations with macroeconomic imbalances that are also reliant on international financing.

Raphael Coelho, CEO of Popeyes China, said the Chinese consumer market continues to be a strong attraction for international brands and the Shanghai store is testimony to the demand. The 470-square-meter flagship store incorporates both Chinese and Louisiana design aesthetics and aims to create a premium, unique dining experience for Chinese gourmets.

Real estate professionals said both buyers' and sellers' enthusiasm is declining.

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Rana Mitter, director of the Oxford University China Centre, said the plenum has concluded with a focus on domestic rather than international politics, suggesting a medium to long-term focus. In particular, the conclusions point toward intentions to strengthen the domestic economy as a means of underpinning overall policy directions, which will likely mean a renewed emphasis on research and development investment, he added.

Realme unveiled its latest 5G smartphone Realme X50 Pro 5G on Thursday. [Photo provided to chinadaily.com.cn]

Rare truce expired

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Red packets highlight the festivity of the new year. [Photo/Xinhua]

Ralf Herbrich, Amazon’s Director of Machine Learning Science, said that Lawrence’s team will partner with?his operation in Berlin, in a comment on the Facebook thread. Herbrich’s team focuses on “Forecasting, Content Linkage, Scalable Machine Learning Services and Vision-Assisted Technologies,” which may offer a glimpse into the kind of work that the new UK team will be doing.

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Referring to climate change and action, Bozkir said that "many of you are taking steps to present enhanced Nationally Determined Contributions ahead of COP26 (UN Climate Change Conference in Glasgow) next year, which I warmly welcome. But I encourage others to follow and enhance efforts towards COP26 in Glasgow."