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The Chinese Foreign Ministry has repeatedly rejected the US position on Huawei, saying that China hopes all countries will abide by the principle of fair competition and jointly safeguard a fair and nondiscriminatory market environment.

The China Securities and Regulatory Commission also said stock exchanges should be prepared to suspend or delist companies involved in fraud and in violations in major information disclosures.

The Chinese mainland is the world's largest PVC producer and consumer. According to Research and Markets, an industry analysis provider, the Chinese mainland's annual PVC production capacity is expected to surpass 27 million metric tons by the end of 2020.

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The Chinese economy has maintained overall stability and posted stable growth with an improved economic structure. [Photo/VCG]

The Chinese government and the Chinese people's will to safeguard national sovereignty, security and development interests are rock hard, Xi said at a gathering in celebration of the 20th anniversary of Macao's return to the motherland.

The Central Bank bought 0 million in pesos on Tuesday to try to calm markets but the currency still depreciated by almost 2.5 percent.

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The China-Cambodia ties are currently at the best period in history, Xi said, citing enhanced political trust, expanded cooperation and cultural exchanges.

The Chinese company has built four timber processing factories in Gabon, two of which are for deep processing. The two deep-processing bases have hired more than 1,000 local workers and boast a total capacity of 400,000 cubic meters of timber annually.

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The Chinese company intends to replicate its Ukrainian partner's success in engine upgrades and aftersales service, he added.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, was down 1.89 percent to close at 1,481.61.