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The total screen share of IMAX movies increased nearly 40 percent year-on-year during the holiday season, and contributed around 3.7 percent of total box office intake, according to data from professional box office tracker Maoyan.

The telecom sector's revenue rose 0.3 percent year-on-year to 559 billion yuan ( billion). The growth was down 3.9 percentage points from that in the same period of 2018.

The tourism sector, reeling from the COVID-19 epidemic, is eyeing a stepped-up rebound. Data from Trip.com Group said the number of domestic trips during the holiday is likely to top 600 million, 70 to 80 percent of last year's number.

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The tough reality has pushed manufacturers, universities and research institutions in China to make breakthroughs as soon as possible to develop maglev trains that can run at speeds between 200 km/h and 600 km/h to ensure the country has adequate market share in both future domestic and global markets, Chen said.

The topics range from the history of the island to the challenges it faces in becoming a world-class ecological island.

The three-day conference is expected to see around 800 global participants including government officials, scholars and entrepreneurs. The theme for this year is "Cultural Dialogue — Building a Community with a Shared Future for Mankind".

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The term refers to the ratio of a household's total debt to its personal disposable income.

The trade week is co-organized by Dubai-based international consultancy MIE Groups and Global Exhibitions.

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The total scale of the country's livestreaming e-commerce industry reached 433.8 billion yuan (about 65.69 billion U.S. dollars) in 2019 and is expected to double by the end of 2020, a report by global accounting firm KPMG and AliResearch showed.

The telescope is located at the Dawodang depression, a natural karst basin under Kedu Town of Pingtang county in Guizhou province. Dawodang was once inhabited by 12 families who were relocated after the site was chosen for the telescope over a decade ago.