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At the ninth BRICS summit to be held in the Chinese city of Xiamen in early September, Kamath will present the bank's progress over the last two years as well as the direction it is heading in the coming two to three years.

At the event, a number of memoranda of understanding were signed between the Guizhou Tourism Development Commission and some tourism industry associations of the United States.

Athletic retail giant Nike will stop selling its products on Amazon, ending a two-year pilot program.

At the nearby Waldorf Astoria, the hotel has erected a shimmering two-story Christmas tree. At the Peninsula Hotel, the afternoon tea service has been changed for the festive period to include a range of Christmas pastries.

At the seminar marking the BRI's fifth anniversary last August, President Xi Jinping highlighted the need to move BRI cooperation toward quality development. This is the goal we are striving to achieve. To this end, we will work vigorously to harness development opportunities, further enhance the complementarity of the development strategies of various parties, ensure that projects launched meet high quality standards, and further promote international cooperation.