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SOEs to go through continued reform

S&P Global expects the coronavirus will reduce gross national product (GDP) growth in the first half of the year, but believes the economy will rebound in the second six months. The GDP is the total value of goods produced and services provided in one year.

SBI's digitalization drive will enable various banks in China involved in bilateral trade to make direct remittances to India. "We hope to garner at least 10 percent of the billion annual transaction volume," Nageswar said. Besides, SBI is also targeting Chinese utilities such as China Gas for loan syndication services.

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SMIC said in a filing to the Hong Kong Stock Exchange on Sunday that its US suppliers had been issued letters by the US Department of Commerce outlining further export restrictions.

SHANDONG, WEIFANG - The 35th Weifang International Kite Festival opened on April 21 in East China's Shandong province, attracting kite fans from around the world.

SHENZHEN -- China's securities regulator said Saturday that the country will ease or lift foreign investment restrictions in its futures market.

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SHENZHEN - Leading Chinese new energy vehicle (NEV) maker BYD sold 73,172 NEVs in the first quarter of 2019, up 146.9 percent compared with the same period last year.

SOEs need to make continual efforts to achieve higher quality and efficiency, sharpen core competitiveness and strengthen dynamism for sustained growth, in order to play their role in underpinning the national economy better, he said.

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SEOUL - Foreign ministry of the Republic of Korea on Saturday expressed regret over the cancellation of US Secretary of State Mike Pompeo's visit to the Democratic People's Republic of Korea (DPRK).

SEOUL - The Republic of Korea (ROK) and the Democratic People's Republic of Korea (DPRK) agreed on Thursday to conduct a joint study to connect and modernize their roads over the border, South Korea's unification ministry said.