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Data from Shenzhen-based Qianzhan Industry Research Institute predicts that China's face recognition market size is expected to keep a growth rate of more than 20 percent in the next five years and will reach 10 billion yuan (.45 billion) by 2024.

Data from market tracker Wind Info showed that the Shanghai Composite Index and the Shenzhen Component Index surged almost 24 percent and 37 percent respectively during the first quarter of this year, outshining most of the other major indexes of the world and overtaking S&P 500 Index in the United States, which climbed 12 percent in the same period.

Dalian, Liaoning province, is making every effort to ensure the smooth operation of the National Postgraduate Entrance Examination in the upcoming weekend, despite cluster of COVID-19 infections, an official with the city's education bureau said at a news conference on Friday.

Dalian Mingyuan Holdings Group Co Ltd has signed an investment agreement with the Duqm Special Economic Zone to build a 10 million-ton project to manufacture olefin with methanol.

Dallas-based MoneyGram has approximately 350,000 remittance locations in more than 200 countries. Ant Financial was looking to take over MoneyGram not so much for its US presence but to expand in growing markets outside of China.