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Shares of Zulily surged 68 percent this week as a result, giving the five-year-old company a hefty market value of more than billion. It didn’t hurt that?CNBC’s Jim Cramer swooned over the stock, noting that Zulily “can beat Amazon” and calling it a “revolutionary company.”

She also called on the two countries to join hands in safeguarding multilateralism and free trade, and combating global challenges.

Sharing a yearning for perfection and a spirit of craftsmanship, the bespoke business is soaring in China. From big enterprises to small workshops, the sector makes suits, footwear and accessories to the high standards of haute couture.

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Shanghai Mint has managed to fill the gap in production by rolling out commemorative coins, said Cao.

Shark fins are on display inside a dried seafood store in Hong Kong on Jan 2, 2013. [Photo/Agencies]

Several airlines have applied to make direct flights between Wuhan and cites such as Seoul, Bangkok, Kuala Lumpur, Manila, Hanoi, Sihanouk, Tokyo, Jakarta and Singapore.

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Shanghai is expected to see 270 billion yuan (.1 billion) worth of investment in 48 key projects in the "new infrastructure" realm over the next three years as the city aims to move up the global information technology ladder.

Shanghai will further expand its opening-up and strive to provide better, more convenient and more efficient services to help foreign businesses share the development opportunities in the city, said Shang Yuying, deputy secretary-general of the Shanghai municipal government.

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She acknowledged that there have been some problems during the process that require further explanation and regulations, without elaborating on the problems.

Shanghai residents may see a record-setting amount in new coupons, as the local government announced on Thursday that the city will launch a shopping gala starting on May 5. Participating e-commerce giants Alibaba, Meituan and Suning reportedly have agreed to offer a total of 5.2 billion yuan in coupons.