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On a global scale, cheap debt financing and excess cash on the balance sheet are recognized as the main force driving cross-border mergers and acquisitions in the future.

On a year-on-year basis, the expansion of 16.6 percent also slowed from the 29.8-percent rise at the end of the fourth quarter last year, the data showed.

On a monthly basis, however, it registered a 2.9 percent increase, faster than the 1.1 percent rise in June.

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On Tuesday, China denounced a US government announcement that slapped tariffs on 1,300 Chinese products under Section 301 of the US Trade Act of 1974.

On Wednesday, a similar protest took place at an Amazon warehouse in Michigan, after an employee tested positive for the infectious virus.

On Tuesday morning, Beijing issued a yellow alert due to icy road conditions, saying that low temperatures and snowfall may cause ice to form on roadways and the public should therefore exercise caution.

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On the US East Coast, more than a million people have been ordered evacuated ahead of its expected advance.

On the other hand, logistics, fresh food e-commerce and online education, which have been less impacted by the novel coronavirus pneumonia outbreak, faced a talent gap, and recruitment was in full swing.

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On Thursday, the total trading volume for 10 listed PTA futures contracts on the ZCE was 1.13 million lots with a turnover of 20.92 billion yuan.

On the other hand, Hong Kong's police watchdog, the Independent Police Complaints Council, said in its report in May that "from recent seizures of assault rifles, handguns and ammunition, and materials for bomb-making, it seems that our community is being dragged into an era of terrorism."