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The drastic profit rebound is based on last year's low base, which is also the company's worst first-half profit since it was publicly listed in 2000, she said.

The epicenter was monitored at 22.89 degrees north latitude and 106.65 degrees east longitude. The quake struck at a depth of 10 km.

The event is a major part of the ongoing Western China International Fair for Investment and Trade held between Thursday and Sunday in Chongqing.

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The estimates are from a new analysis the US Chamber of Commerce released on Monday in protest of the Trump administration's handling of trade disputes by escalating tariffs, which the chamber argues is "the wrong approach" as it risks derailing the US economy and sparking a global trade war.

The drop was in contrast to a 2.3-percent rise for the same month of 2016, the National Development and Reform Commission said in a statement.

The draft rules also loosen market access, expand the scope of investments and enhance oversight, according to the CSRC.

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The downturn in the global trade and investment caused by the pandemic is set to have a huge impact on China's industry and supply chains, Premier Li Keqiang said at the Cabinet meeting.

The establishment of Genghis Khan Airlines, which operates mainly from Hohhot Baita International Airport and is financed by Inner Mongolia Communications Investment (Group) Co Ltd, was approved by the Civil Aviation Administration of China in March.

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The event was jointly organized by Shanghai Daily, Eastday.com and Shanghai Media Group News Center, with support from the Shanghai Association of Foreign Investment and the Shanghai Daily MNC Communications Club.

The dual-use bridge, for which construction began in November 2013, is designed to support six lanes of vehicles with a maximum speed of 100 kilometers per hour on its upper path, and two tracks carrying trains traveling up to 200 km/h below.