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The Chinese foreign minister said China and Africa shall enhance their sense of a community with a shared future for mankind and safeguard the legitimate rights and interests of developing countries amid rising challenges against multilateralism.

The Chinese economy "remains strong" as consumption and the services sector continues to drive growth, said a report released by the Organization for Economic Cooperation and Development on Tuesday.

The Chinese government has set aside bullets, especially in terms of fiscal policy, to tackle economic risks and support business growth in the second quarter, according to policymakers and experts.

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The Chinese economy－in the wake of recent upbeat data underscoring an industrial recovery－is expected to enjoy stable growth and is capable of reaching the growth target of around 6.5 percent for the whole year, according to forecasts released on Wednesday.

The Chinese brand Nio rose from 7th place to 5th place in this year's ranking and together with Byton, which reached 12th place, were "the spearhead of the new Chinese premium brands," the study noted.

The Chinese government's investment in roads, water projects, logistics, and internet facilities in rural areas has enabled the rise of e-commerce entrepreneurs seizing new opportunities throughout the country. Many former migrants who once worked in factories or as deliverymen in cities in eastern China are now returning to their hometowns and establishing businesses.

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The China Banking and Insurance Regulatory Commission said on Friday that it will set different requirements for different insurers on how much insurers can invest in equity assets.

The China Ningxia International Wine Festival kicked off at UN headquarters in New York on Monday. Wines produced in the eastern foothills of the Helan Mountains in Ningxia Hui autonomous region in Northwest China have been put in the spotlight.

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The Chicago-based think tank and research institute established a green finance center on Tuesday to support China's development of a robust green finance market.

The Caixin PMI is a private survey that monitors smaller businesses that are sensitive to changes in the macroeconomic environment.