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The benchmark Shanghai Composite Index declined by 3.35 percent, the biggest single-day drop in nearly two years. The Shenzhen ChiNext Index, which tracks stocks listed on the startup board, suffered even heavier selling, dropping 5.34 percent to a three-year low.

The banquet room is in the Uranus wedding hall, a complex housing several large reception rooms near Kabul airport.

The ban launched by the United States on Chinese telecom equipment maker ZTE Corp has caused market worries about the trade and investment environment in the US, the Ministry of Commerce said on Thursday.

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The bank is also the country's biggest issuer of bonds serving rural development, according to Qian Wenhui, governor of the ADBC.

The author is an economist at the Asian Development Bank. The views do not necessarily reflect those of China Daily.

The bank has organized an exchange program that sends Chinese students to Chile, and Chilean students to China, said Luksic, who is also on the advisory board of the School of Economics and Management at Tsinghua University.

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The benchmark Shanghai Composite Index shed 5.84 percent to finish at 2898.70 points by the end of May, while stocks on Wall Street were hit sharply, with the S&P 500 losing 6.58 percent over the month to close at 2752.06 points.

The author is director of the Chinese Academy of Social Sciences' Institute of World Economics and Politics. The views do not necessarily reflect those of China Daily.

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The asphalt-covered road built by Sonam Dondrup and his friends that links the outside world with the 1,300-year-old Balha village set in the deep Shangri-La Canyon of Yunnan province's Dechen Tibet autonomous prefecture.[Photo provided to China Daily]

The benchmark Shanghai Composite Index declined by 3.35 percent, the biggest single-day drop in nearly two years. The Shenzhen ChiNext Index, which tracks stocks listed on the startup board, suffered even heavier selling, dropping 5.34 percent to a three-year low.