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In recent years, Germany's small and medium-sized enterprises, which have become the backbone of that country's economy, are vying with large-scale corporations to seize opportunities in China. In their view, China is critical to their long-term business strategy.

In some sense, China has both reformed its institutions and helped set international rules during the progress of its reform and opening-up. It has joined virtually all international treaties and organizations, signed free trade agreements with many countries and regions, initiated the Asian Infrastructure Investment Bank and the New Development Bank, and proposed the Belt and Road Initiative.

In terms of enhancing the weak links of infrastructure, the government will also enhance construction in causes such as poverty alleviation, transportation and energy, people's livelihoods and the renovation of old urban residential areas, according to new policy measures released by the National Development and Reform Commission on Tuesday.

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In return, Xing accepted money and valuables worth of 449 million yuan (about .9 million) directly or through his relatives.

In return, he accepted money or gifts directly or through his associate Yang Guang, whose case will be handled separately.

In southwest China's Sichuan Province, thunderstorms caused the province's main airport, in the city of Chengdu, to be closed for an hour. About 50 outbound flights were canceled or delayed, while 40 inbound flights detoured to land at other airports.

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In the 1980s and '90s, its economy saw rapid development soon after border trade was restarted.

In terms of online mobile payments, Ant Financial, the online payment subsidiary of Alibaba Group, has also gained traction in BRI-related countries and regions.

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In recent years, the growing number of wealthy individuals and especially the large pool of rich Chinese businesspeople in London, has attracted the attention of British banks, including HSBC and Coutts, that have targeted clients by recruiting Mandarin-speaking client managers, among other tactics.

In response, Instagram cofounder Kevin Systrom said to TechCrunch: "They deserve all the credit. This isn't about who invented something. This is about a format, and how you take it to a network and put your own spin on it."