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The size of China's leasing market, now 1.38 trillion yuan (2 billion), is expected to reach nearly 2 trillion yuan by 2020, according to Huang Yu, vice-dean of Beijing-based property research institute China Index Academy.

The spending of Chinese tourists in the United States last year put China on top of the total expenditures of in-bound travelers to the United States, Li said.

The spokesman quoted the latest statistics and said China's gross domestic product grew by 6.1 percent in 2019, ranking among the major economies that have seen the fastest growth, and that its GDP per capita has exceeded ,000.

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The spokesman said the government had been putting in place the most stringent measures to tackle the COVID-19 epidemic since January.

The steel prices were lifted by higher iron ore costs, improved demand as well as lower supply due to government policies to cut steel overcapacity and enhance environmental protection, according to China Iron and Steel Association (CISA).

The spokesman also commented on Trump's remarks on UN reform.

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The standard was introduced based on two industry standards issued previously by the GACC.

The stocks of six other companies that MSCI is removing: Semiconductor Manufacturing International (SMIC), the biggest chipmaker in China; China Communications Construction, an infrastructure company; Hangzhou HIK Vision Digital Technology, a maker of video surveillance equipment; China Railway Construction, one of the world's largest engineering companies; China Spacesat, a satellite maker; and Dawning Information Industry, a computer maker.

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The spread of African swine fever since August 2018 has resulted in hog herds in China falling by 41.1 percent in September year-on-year, the Ministry of Agriculture and Rural Affairs said in October.

The stall of 360 Security Group during an expo in Shanghai. [Photo provided to China Daily]