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The average return on assets (ROA) for the 109 listed Chinese companies stood at 1.65 percent, far lower than that of their US counterparts, according to Liu.

The bills, which will mature in six months, are the third batch issued by the People's Bank of China (PBOC), the central bank, this year, according to a statement on the website of the PBOC.

The bank said it has signed settlement agreements with more than 80 percent of the clients facing losses from the product. The State-owned commercial lender is also comprehensively reviewing its product design, business strategy and risk control.

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The association's annual survey showed that for the second year in a row, a protectionist trade agenda in the US is the top concern for the American fashion industry. The survey was conducted between April and May of executives from nearly 30 leading fashion brands, retailers, importers and wholesalers, including some of the largest brands and retailers in the country.

The asset securitization of the Beijing-Shanghai High-Speed Railway, the country's most lucrative rail route, will lead the way for the country's debt-ridden national rail system to raise capital and deepen the mixed-ownership reform to restore its earning ability, industry experts said on Monday.

The ballistic missile of an intercontinental range flew about 1,000 km and was lofted as high as around 3,700 km. It was an advanced Hwasong-14, which traveled 933 km at a maximum altitude of 2,802 km at the July 4 launch.

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The baby, known as Tiantian, was born in a hospital in Guangzhou, Guangdong province, in December after his grandparents won a yearlong court battle to use the embryo, Beijing News reported on Monday.

The association also noted that 5.52 million used cars were traded in the first half of the year, down 19.61 percent year-on-year due to the impact of COVID-19.

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The articles delve into topics such as psychological assistance for people who lost their family members, the professionalism of social organizations in containing the epidemic, and the development of the elderly care industry in the post-pandemic era.

The banking commission also said that it will prevent banking funds from illegally entering the real estate sector.