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Overcapacity, poor corporate governance, and low labor productivity had dragged down profits of China's SOEs, which deteriorated in 2015.

Outside the mourning room is a forest where around 30 pets are buried. Each is put under a tree with a wooden fence and flowers around it, and a tablet with its owner's thoughts. There are even several tombstones set up in the cemetery with photos of pets on them.

Over 70,000 fishermen and more than 23,000 boats have been called back to harbor as of Tuesday evening.

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Our goal at the CFA Institute is to contribute to the development of the financial talents and investment industry here in China, so I see the growth and development of local firms and institutions as a sign of progress. I've been very pleased personally to see how this industry has grown and matured since I first returned in 1986 to run a global financial company's China business.

Ouyang Jie, senior vice-president of HongKong-listed real estate enterprise Future Holdings, said sales will nevertheless likely rise in the second half of 2017, but in single-digit terms, due to a possible slight growth in housing prices, even though the pace of growth in real estate supply has slowed.

Outlining Germany's ambitions for its six-month tenure, Chancellor Angela Merkel said: "Relations with China will be a foreign policy priority of the (EU) Council Presidency." She acknowledged differences of opinion with Beijing, but said these meant that "critical-constructive dialogue is more important than ever".

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Owing to low oil prices, many oil behemoths are cutting down upstream expenditure and are focusing more and more on the downstream sector, including chemicals and lubricants, she said.

Over the past two years, China has moved from the 78th place in the World Bank's "doing business" ranking of 2018 to 31st in the 2020 ranking, the report said.

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Output of ethylene reached 10.15 million tonnes in the first six months of 2019, up 9.8 percent year-on-year. Fertilizer output totaled 29.65 million tonnes, up 2.9 percent year-on-year, NDRC data showed.

Overseas travels will be my first option, and I would like to go to the beach and live in a light luxury hotel to spend a vacation.