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The Chinese authorities have rolled out a series of policy reforms for drug registration, regulation, reimbursement, and public procurement process, with focus on innovation and homegrown research and development.

The China-Russia east-route natural gas pipeline Lin mentioned has a designed transmission capacity of 38 billion cubic meters, equivalent to about 13.6 percent of China's total gas consumption last year, according to data from the National Development and Reform Commission.

The Chinese government has been keen to tap that potential and expand the country's imports in recent years, he said.

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The China-EU blue industrial park will be a hub for maritime cooperation between China and the EU.

The Chinese contractors will also install five single point mooring systems, a catenary anchor leg mooring buoy weighing 240 tons and pipeline end manifold carrying a total weight of 220 tons for a shuttle tanker that imports crude for the refinery.

The China-Myanmar national boundary line in the Ruili section is in twists and turns, indented without obvious boundaries.

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The Chengdu airport, which is expected to come into service by 2021, will become the largest airport in Southwest China, with an expected capacity of 90 million passengers a year.

The Cboe Volatility Index, widely considered the best fear gauge in the stock market, jumped 47.48 percent to 25.19.

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The China Banking and Insurance Regulatory Commission said on Friday the government would start to allow funds from products publicly sold by banks' wealth management subsidiaries to be invested in shares.

The Chinese mainland said it was asserting its right as a major exporter to demand compensation, and said it believed the US measures broke numerous WTO rules.