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At a kickoff ceremony in Shanghai on Monday, Jiang said over 200,000 brands will be participating in the Nov 11 shopping extravaganza, with 1 million new products for sale and over 500 million users projected to join the mega shopping event, first launched in 2009.

At around -a-barrel, crude refineries across the world, including China, are suffering from overcapacity with output outpacing demand.

At its September meeting, two members voted against the cut and three others weren't persuaded of the need for a cut but agreed to reduce interest rates by a quarter point.

At a virtual news conference conducted immediately after the FOMC released its decision on interest rates, Fed Chairman Jerome Powell said, "The measures taken to control (the virus) are starting to weigh on economic activity."

At COP15, the Post-2020 Global Biodiversity Framework will be formulated, which will chart the course for global governance on biodiversity in the coming ten years and beyond.