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Housing inventories shrank by 11 percent year on year by the end of July. The debt-to-asset ratio of industrial firms fell by 0.7 percentage point.

Houston ISD, with more than 200,000 students, hasn't announced a reopening plan. Dallas ISD tweeted that the Board of Trustees "will convene later this month for a special called meeting at which time, the administration may make recommendations for an alternative start date for the 2020-2021 school year".

However, he pointed to data including new projections from the Institute for Disease Modeling predicting that the rate of infection will climb again if restrictions are lifted too aggressively.

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Hong Kong-based Flagship will also operate from offices in Beijing and Los Angeles. The company already has 12 Chinese-language projects lined up, including a Chinese remake of the Sandra Bullock hit Miss Congeniality from 2000.

However, car sales in the domestic market increased 4.5 percent over the year to 117,464 units in January as positive effect continued from the government's temporary cut in consumption tax.

House renting volumes in traditional first-tier cities remained much higher than in new first-tier cities in the first half of 2019, according to the report, although the figures have decreased significantly in Beijing, Shanghai and Shenzhen.

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Hongqi displays an all-new concept car at Auto China 2018 in Beijing, April 25, 2018. [Photo/VCG]

However, experts believe the structure's pros outweigh the cons and are in favor of China's recent efforts to introduce it to the A-share market.

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However, he said that he has opened 16 stores in northwestern Kenyan town of Eldoret and has a 50-person sales team that has managed to sell nearly 60,000 Transsion phones every month.

However, if the US-China trade dispute persists and there are more tariffs, then both countries' economies may start to feel more of a bite, he said.