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The two JVs, HSBC Qianhai Securities Ltd and East Asia Qianhai Securities Ltd, were approved under the framework of the Mainland and Hong Kong Closer Economic Partnership Arrangement, Deng Ge, spokesperson for the China Securities Regulatory Commission, told a press conference Friday.

The two heads of state will take part in strategic planning to upgrade bilateral ties, and "jointly usher in a new era of high-level development of China-Russia relations", he said.

The turnout has been heavy in the state, leading to long lines in densely populated areas, including New York City, where some voters waited for several hours to cast their ballots.

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The transportation network will be launched on the evening of Dec. 10, and offer free rides for the public the next day at speeds up to 155 miles per hour (250 kilometers per hour), according to Musk, also CEO of US leading electric auto maker Tesla and private spaceflight company SpaceX.

The typhoon is expected to move at 15 km per hour to enter the eastern China sea Thursday night and possibly land in Zhejiang on Saturday.

The underemployment rate remained unchanged at 1 percent in the two periods, according to the Census and Statistics Departments of the government of China's Hong Kong Special Administrative Region.

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The two leaders reached an important consensus and the meeting achieved fruitful results, he said.

The two countries have conducted rather effective coordination in international affairs, which have been an important contribution to handling global hotspot issues, he said.

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The trip spans about 9,300 km and takes 17 days, about 30 days shorter than the previous sea and rail route.

The two indices include ICBCS Belt and Road Economic Health Index and ICBCS Belt and Road China Connectivity Index.