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Profit appears possible in 2017, Dai said, as "ofo was very close to making a profit last year".

Private enterprises play a vital role in China's economic development, contributing 50 percent of fiscal revenue, 60 percent of GDP, 70 percent of technical innovation, 80 percent of urban employment, and 90 percent of total enterprises and newly-added employment, Liu said.

Profit at 34 of the 41 sectors surveyed rose compared with one year earlier, unchanged from that for January-August, according to the National Bureau of Statistics (NBS).

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President Xi Jinping urged organizers on Monday to host an extraordinary Winter Olympics in 2022 through rational planning and economic use of resources.

Products with high added value and independent intellectual property rights represented by electronics and information technology have gradually become new growth points and core driving forces of economic restructuring and industrial upgrading, said Zhang Monan, a research fellow at the China Center for International Economic Exchanges.

Prime Book Box, which launched Tuesday, is available via invitation to Amazon Prime members. (Amazon Photo)

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Prime Minister Boris Johnson also announced on Friday that cafes, pubs and restaurants across Britain will close from Friday evening in an effort to curb the spread of covid-19.

Previously, Hubei Provincial Governor Wang Xiaodong said while delivering the annual government work report that more than 60 percent of university and college graduates worked in the province last year.

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Previously on GeekWire: A giant sucking sound: Seattle CEOs say Amazon is sucking up all of the tech talent in the city

Promoting the development of the Bay Area is a major strategic decision made by the Communist Party of China Central Committee and the State Council, and it is expected to have a significant and far-reaching impact on China's reform and opening-up, the central bank said in a statement.