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The Chinese and the US economies represent 40 percent of global GDP, yet China accounts for less than 2 percent of overall foreign direct investment in the US.

The Chinese government has also set 2020 as the target for eliminating poverty nationwide.

The China Association of Automobile Manufacturers said that more than 22 million vehicles were sold in China during the first 11 months of the year, down 3 percent on a yearly basis. It is estimated that the fall could be from 15 percent to 25 percent when the pandemic was at its peak in China earlier this year.

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The Caixin General Services Purchasing Managers' Index (PMI) fell to 51.5 in July from June's 51.6, according to the survey conducted by financial information service provider Markit and sponsored by Caixin Media Co Ltd.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, surged 3.07 percent to close at 1,806.86 points Tuesday.

The Chinese government is committed to providing support and convenience for global companies to establish businesses in China. Many government-backed programs have helped foreign entrepreneurs to enter the Chinese domestic market.

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The Chinese leadership has issued instructions for relevant departments and localities to help deal with the aftermath of the deadly Tuesday traffic accident in Weihai, Shandong province, the Foreign Ministry said on Wednesday.

The Chinese government's Made in China 2025 plan to upgrade the country's manufacturing capacity entails attracting top talent.

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The Chinese central regulators have been firm in their resolve to create a more open financial market, in order to provide more stimulus and vibrancy to the economy. [Photo/IC]

The Chinese government announced the baseline of the territorial sea off the islands in 1996 under the Law of the People's Republic of China on the Territorial Sea and the Contiguous Zone.