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We introduce a novel solution concept, denoted ${\it\alpha}$-dissipative solutions, that provides a continuous interpolation between conservative and dissipative solutions of the Cauchy problem for the two-component Camassa–Holm system on the line with vanishing asymptotics. All the ${\it\alpha}$-dissipative solutions are global weak solutions of the same equation in Eulerian coordinates, yet they exhibit rather distinct behavior at wave breaking. The solutions are constructed after a transformation into Lagrangian variables, where the solution is carefully modified at wave breaking.