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The increased demand from the consumer market is essential to the growth in the total PC shipments, according to the IDC.

The initiative is expected to serve as a base for opening up inland Chongqing and better cooperation between China and Singapore.

The inaugural campaign, kicked off on Tuesday in Jing'an district, sees the release of new beauty and skincare products from international cosmetics names. [Photo provided to chinadaily.com.cn]

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The implicit deflator of GDP, which measures the overall changes in prices, increased by 2.0 percent year-on-year in the first quarter.

The impact of the virus will not change the long-term fundamentals of the Chinese economy, he said, adding that with the alleviation and eventual elimination of the epidemic, demand in service sectors will "rebound and gradually return to the normal state".

The index mainly measures the performance of 20 stocks in internet-related businesses, including the top 10 publicly traded Chinese internet companies, such as Alibaba and Tencent, as well as their 10 largest listed United States counterparts, such as Amazon and Google's parent company Alphabet.

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The index－based on four basic indicators including port management, border-crossing environment and transformation－tracks the development of commerce in the FTA.

The initiative, put forward by Xi in 2013, has become one of the most important public goods China offers the world and a key vehicle for Beijing to help improve global governance.

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The human resources ministry will publish a series of supporting measures as soon as possible related to Taiwan residents working on the mainland, in accordance with instructions from the State Council, he said.

The initiative has brought new opportunities in overseas projects for Chinese EPC companies. Chinese companies invested .5 billion in infrastructure, power and service projects in countries and regions related to the Belt and Road Initiative last year, according to data from the Ministry of Commerce.