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China's electric vehicle maker BYD was a major part of the largest order of electric buses in American history.

China's embrace of regional competitors in the heart of its main twice-a-year export fair gels with President Xi Jinping's Belt and Road Initiative to tap the wealth and resources of a region spanning more than 40 percent of the world's population. While it will take decades to tell whether Xi's vision pays off, it seems attitudes are already shifting for some.

China's insurance regulator said that Anbang would be overseen for a year by a group that included China's central bank, its securities and banking regulators, the country's foreign exchange regulator and other government agencies.

China's foreign trade has emerged from the woes of the COVID-19 pandemic in recent months thanks to government policies to stabilize the sector.

China's confidence and strength have improved by overcoming difficulties and dealing with pressure over 40 years of reform and opening-up.