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The event will then be followed with seminars and a media forum.

The event, themed "China and the world in the context of unprecedented profound changes", was jointly hosted by the China Institute for Reform and Development, the Bank of China and China Daily.

The festival, which ran from July 26 to Aug 3, was aimed at helping emerging young filmmakers promote their work.

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The faster growth of expenditure over revenue reflects the pressure of an aging population. The share of people 60 years old or above stood at 16.7 percent of the total population at the end of last year, and has been rising fast for years.

The expo, which was launched in 2016, one year after Beijing won the bid for the 2022 Winter Olympic Games, will focus on enlightening the host in key areas, such as the post-Olympics operation of facilities and promotion of mass winter sports participation this year through exhibits, presentations and brainstorming forums featuring international experts.

The facility was designed to be able to produce 120,000 cars per year and provided 3,000 jobs, and it would officially launch its MPV masterpiece Confero S for the Indonesian market next month, he added.

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The export turnover exceeded million, up 61.2 percent year-on-year, according to the customs.

The fastest-growing private company was Anker Technology, which develops chargers and other products. Its turnover grew by 140 percent. Other private companies that showed triple-digit growth included Huawei Global Finance, which achieved a growth rate of 129 percent, and MP & Silva, which owns and distributes television and media rights for major sports events and achieved a growth rate of 110 percent.

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The figure represents an increase of 12.1 percent year on year, the CNTA said.

The fair will focus on a pricing mechanism that combines midterm and long-term contracts as well as a flexible pricing system based on benchmark prices, to help keep the stability of the coal market.