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The report further said structural changes in global value chains have also allowed countries to produce domestically instead of importing intermediate inputs. However, it said technology has facilitated the emergence of the services sector as a potential new engine of growth and employment.

The report predicted steel consumption in the construction industry would be 475 million tons in 2020, down 0.6 percent from this year. The figure for 2019 is seen hitting 478 million tons, up 11.2 percent year-on-year.

The report said consumers are seeking high-quality catering experiences now. When choosing restaurants, they care most about the environment, and then the taste. The price factor only ranks fourth among their considerations.

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The report by Zhaopin also points out that gender discrimination is the most severe challenge women face in employment.

The report also criticized then Democratic presidential candidate Hillary Clinton and the Democratic National Committee (DNC) for financing "opposition research on Trump obtained from Russian sources, including a litany of claims by high-ranking current and former Russian government officials".

The regulator also relaxed market access rules for foreign insurers by scrapping the requirement of a 30-year track record of business operations and the establishment of a representative office in China for two years.

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The renminbi has strengthened by 3.3 percent against the US dollar so far since the end of last year, based on the spot exchange rate at the close on Monday as a reference, when it peaked to 6.754 yuan per dollar in onshore trading.

The report also pointed out a majority of the investors live in Beijing, Guangdong province, Shanghai, Zhejiang province and Jiangsu province.

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The report argued the magnitude of the economic impact ultimately depends on how long the epidemic lasts, and the impact will not be far-reaching if the outbreak can be brought under control by the end of March.

The report says that a relentless drive to improve energy efficiency is causing global energy consumption to decelerate. The energy mix is shifting toward cleaner, lower carbon fuels, driven by environmental needs and technological advances.