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The connecting line is of great importance to operating western China's railway network and implementing the Belt and Road Initiative, said the company.

The consumption transformation and upgrading will continue, and the consumer market is expected to maintain a steady and rapid growth, said Ling Tao, head of the Trade and Foreign Economic Statistics Department of the National Bureau of Statistics.

The container throughput of the northern Chinese port surpassed 8.57 million TEUs (20-foot equivalent units) in the period, up 2.9 percent year-on-year.

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The cooperation between Airbus and China has helped the European giant to lift its market share in China to nearly 50 percent against its archrival Boeing Co. In early May, Boeing started the construction of its completion and delivery center of B737 MAX in Zhoushan, Zhejiang province.

The concept is not entirely novel. Companies such as Freefly Systems and other creative minds have hacked together something similar.

The corporation has witnessed rapid growth after taking over China Metallurgical Group Corporation in late 2015. In 2016, the CMC recorded operating income of 435.5 billion yuan, ranking 120th in the Fortune Global 500 and the first among metal enterprises.

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The confidence of the companies has been further boosted after several countries indicated that they would procure sufficient quantities of the high-quality test kits from China.

The country should take a problem-oriented approach and attach great importance to the new situations and problems in the housing market, Han said, adding that efforts should be made to put in place a prudential management scheme for real estate finance and prevent funds from illegally entering the market.

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The corporate culture of the two partners has been increasingly integrated as some employees from each of the banks are sent to work in the other's head office through an exchange program every year.

The country's GDP grew 6.3 percent year-on-year in the first half of this year, showing that China is still a relatively fast-growing and healthy economy.