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Billionaire Li Ka-Shing, Asia's best-known dealmaker, will sell fixed-line services of his Hong Kong-listed Hutchison Telecommunications (HTHKH) for about HK.5 billion (.86 billion), while more assets are added to his portfolio in Europe.

Bloomberg reported last week that the National Development and Reform Commission was considering reducing the sales tax on cars with engines 1.6 liters or smaller to 5 percent from 10 percent. A similar measure was put in place in 2015, when car sales declined, according to analysts at Sanford Bernstein.

Both China and Spain have followed a development path that suits their own national conditions over the past four decades to achieve national prosperity and social progress, Xi said when addressing the two houses of Spanish parliament, the Senate and the Congress of Deputies.

Bond yields fell as investors sought safety in government treasuries.

Black Friday as a cross-border shopping carnival has been growing in popularity in China as more and more Chinese consumers scout for high-quality products from abroad, Mo said, adding they could snap up some winter apparel during the promotion event.