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The country will improve market-supervision transparency and promote the protection of the legitimate rights of foreign companies, in a bid to provide a more attractive investment environment for foreign investors, Gao said.

The country has placed great emphasis this year on further expanding opening-up on the basis of deepening reform, Wang said at a seminar on China's diplomacy held early this month.

The constantly increasing 5G contracts mirror what Ding, president of Huawei's carrier business group, said. "We have seen the fastest growth in areas where we were hit the hardest."

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The country has expanded the pilot program to spur innovative development of services in 28 cities and regions, including Beijing, Xi'an, capital of Shaanxi province, and Urumqi, capital of the Xinjiang Uyghur autonomous region, underscoring efforts to stabilize foreign trade and foster new growth drivers amid the COVID-19 pandemic.

The construction of Western (Chongqing) Science City is in high gear as the municipality has mobilized all needed resources to build the city into a national scientific innovation center, officials said at a news conference on Wednesday.

The coronavirus pandemic has cut demand for air travel by as much as 90 percent. While traffic is increasing, it's unclear when there will be sufficient demand to return all grounded MAX jets to service.

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The coronavirus pandemic and falling sales of electric cars in China have hurt CATL.

The cost of water transport is also expected to decline because of the capability to carry more large ships.

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The continuing rise in cases dampened expectations of an economic recovery on Wall Street on Wednesday. The Dow Jones Industrial Average lost more than 700 points for a drop of 2.7 percent. The S&P 500 fell 2.6 percent, while the Nasdaq Composite posted its first decline in nine sessions, sliding 2.2 percent. It was the worst day for the Dow, S&P 500 and Nasdaq since June 11.

The country also announced plans to lower value added tax for rail freight on Monday.