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From January to July, retail sales of consumer goods nationwide achieved 22.8 trillion yuan, jumping 8.3 percent year-on-year. In July, the retail sales value of tobacco and liquor products increased by 10.9 percent over June, according to data from the Ministry of Commerce.

Foxconn previously failed in its bid to acquire Japanese conglomerate Toshiba Corp's flash memory chip business, but the group has not given up on its semiconductor ambitions.

From the beginning of this year to the end of April, Tailong Commercial Bank issued loans to 1,155 micro and small enterprises that had never borrowed from banks. The number of such businesses increased by 279 from the same period in 2019. The average outstanding balance of these loans was 1.12 million yuan per borrower. Among the total, 86.3 percent of first-time small business borrowers received collateral-free loans.

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French watch and jewelry maker Cartier held an exhibition in the Palace Museum in June and July. Fashion label Louis Vuitton became the first luxury brand to join Chinese e-commerce platform Xiaohongshu, which is popular among young consumers, in May.

From the fourth quarter of 2015 to 2017, to stimulate market demand, China rolled out a policy for a 50 percent discount on the usual 10 percent purchase tax on cars with engines no larger than 1.6 liters.

French pharmaceutical company Sanofi has announced that it is investing in a global venture capital fund to support worldwide innovation and technology development, especially in China, its second largest market.

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Fourth, reform and innovation. These are crucial if we are to meet the plethora of new security challenges. In many ways, the existing architecture of global security governance system requires improvement. We should keep abreast of the changing times, think outside the box and develop new ways of cooperation so as to find new solutions to old problems and good solutions to new problems, with a view to breaking the security dilemma facing the international community. Such an innovative approach will help us make global security governance fairer, more reasonable and effective.

From January to June, the country saw more than 140,000 newly registered AI enterprises, surging 31.35 percent year-on-year, data from database query platform Tianyancha.com shows.

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French President Emmanuel Macron's upcoming state visit to China is expected to map out a blueprint for bilateral cooperation in various fields and bring the China-France comprehensive strategic partnership to a greater height, the Foreign Ministry said on Friday.

From January to May, fines totalling 6.14 billion yuan (about 1 million) were slapped on law violators in the securities sector, according to the China Securities Regulatory Commission (CSRC).