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Industrial profits dropped partly due to the high base of comparison in the previous year, data released by the National Bureau of Statistics on Monday indicate. In March, it was 13.9 percent, the biggest gain in eight months.

Indian Prime Minister Narendra Modi and German Chancellor Angela Merkel have both blasted Trump's protectionism and isolationism in their speeches at Davos in the past two days, although they did not mention the US president by name.

Initial investigations have found that Ma and Wang have since December 2016 been buying luxury wristwatches from a man living in Hong Kong surnamed Lin before employing parallel traders to bring them to the mainland. These parallel traders were paid between 400 and 500 yuan for each of the smuggled watches.

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Increase in consumption could stoke fresh private investment in the sectors concerned, which could again benefit certain Chinese exporters, analysts said.

India's National Disaster Management Authority has issued avalanche warnings for Himachal Pradesh, Indian-controlled Kashmir and Uttarakhand.

Industrial data showed that new auto sales remained sluggish in the first half of this year, registering a 12.4-percent drop year-on-year.

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Industry experts added that China's moves to further open its industries to foreign investment will help mitigate the adverse impacts of the outbreak on inbound deals, in particular deals to buy Chinese assets in the financial, auto and consumer goods sectors which were announced this year.

In this Jan 4, 2020, file photo, health surveillance officer use temperature scanner to monitor passengers arriving at the Hong Kong International airport in Hong Kong. [ANDY WONG / AP]

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Influential Republican lawmakers, including Senate Finance Committee Chairman Orrin Hatch and Foreign Relations Committee Chairman Bob Corker, have urged the administration to drop such investigation into automotive imports.

In traditional Chinese medicine, sanfu is considered a particularly suitable time for treating illnesses. Sanfutie, a special treatment, has been used by Chinese people for hundreds of years,