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The PBOC said in a separate statement that the slowdown in M2 came as the result of the financial de-leveraging and strengthened supervision.

The Ministry of Industry and Information Technology has greenlighted CBN to build 5G networks, which will allow it to grab a spot in a market long dominated by the nation's big three mobile carriers－China Mobile, China Unicom and China Telecom. [Photo/IC]

The National Football League and Tencent Holdings Ltd on Monday announced a three-year partnership to make Tencent Sports the exclusive live digital-streaming media partner of the NFL in China.

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The Northwest Multiple Listing Service (NWMLS), which coordinates residential property sales across 23 western Washington counties, emailed its 32,000 members to say that "any person who violates the governor's order not only puts himself/herself and his/her family at great personal risk, but also puts the real estate firm and his/her clients at risk".

The National Association of Financial Market Institutional Investors, an organization that helps the interbank bond market to regulate itself, said in a note earlier this month that there were no new defaults among non-financial enterprises in June, indicating that credit risk of debt financing instruments is "generally under control".

The NBS attributed the pickup in growth partly to booming online sales, which surged 33.4 percent year-on-year in the first half, 1.3 percentage points higher than in the first quarter.

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The PMI for the non-manufacturing sector, meanwhile, rose to 55.2 for August, compared with 54.2 last month, as recovery in the services sector sped up after the situation of the COVID-19 epidemic stabilized domestically.

The October-December quarter will likely see robust year-on-year growth in FDI. In the January-November period, FDI in China rose 9.8 percent year-on-year to reach 803.62 billion yuan ( 2 billion).

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The PLA Navy had its largest-ever sea parade on Thursday morning off Hainan province's southern coast to mark its achievements over the past several years.

The Pac-12 conference laid the groundwork for the trip, as it has sent other sports teams on trips to China the past couple of years.