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In recent weeks, many US politicians and commentators say China owes other countries compensation for the damage done by the COVID-19 virus. I've hesitated to write about this for fear of giving legitimacy to a ridiculous idea that has little chance of becoming the actual policy of the US government. But, I do think it is important to realize that this notion violates every historical norm and will make a mockery of the rule of law. It also ignores basic tenets of how leaders make decisions in times of crisis.

In recent years, a number of scandals have hurt the credibility of China's vaccine industry. The National Medical Products Administration fined Changchun Changsheng Biological Technology Co 9.1 billion yuan (.35 billion) in October for making and selling hundreds of thousands of doses of rabies vaccine that did not meet national standards. Fifteen people were arrested.

In response, Chinese smartphone makers resolved to prove there is truth in the saying that "when the going gets tough, the tough get going". They have been working hard to maintain normal operations, and to continue their plans of expanding their presence in Europe.

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In that period, China will speed up fostering a new development pattern where domestic and foreign markets can boost each other, with the domestic market as the mainstay.

In remarks from his home in Wilmington, Delaware, late Tuesday, Biden said that it was "important to get through this crisis protecting both the public health and our democracy".

In terms of investment areas, Beijing saw strong investment growth in the manufacturing industry, with investment jumping 133.4 percent year-on-year to 13.38 billion yuan in the high-tech manufacturing sector.

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In some of the countries in which Hongda already does business, the firm has been helping Chinese companies from the energy, mining, finance and internet sectors to do business there.

In response to the proposed acquisition of the French asset, Li said: "What we have agreed is that we are going to complete the transaction in stages. We complete the Dutch and the UK assets first and then later on we complete on the French assets.

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In response to remarks by the American Institute in Taiwan that the mainland is exerting its influence on Taiwan elections, Ma said the mainland has repeatedly stressed that it never interferes with elections on the island.

In terms of product categories, the hardest hit are expected to be jewelry, down by 23 percent, watches, by 25 percent and clothing, by 21.5 percent.