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The relatively weak response came as the country's homegrown brands, such as Huawei Technologies Co Ltd and Xiaomi Corp, are pushing up-market, experts said.

The report included case studies of 50 companies whose poverty alleviation actions were considered both innovative and easy for other companies to learn from.

The regular meeting mechanism between prime ministers provides a very solid platform for the two countries to explore pragmatic cooperation projects and resolve differences along the way, Xu said.

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The removal of these countries from the US' internal list of developing nations will make it easier for the US to launch an investigation into whether these countries are unfairly subsidizing exports.

The report predicted that Chinese companies' investment in BRI economies will maintain steady growth in investment flow and diversify their areas of cooperation.

The region's poverty alleviation office said that during this period, nearly 470,000 households covering 1.85 million people were lifted out of poverty, with the impoverished headcount ratio dropping from 22.84 percent to 11.57 percent.

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The report published Thursday by the accounting firm PwC, also known as PricewaterhouseCoopers, said 482 real estate merger and acquisition deals were recorded in China last year, up 6.4 percent year-on-year, and major real estate developers continued to grow rapidly in 2017 as industrial concentration intensified.

The regulation, jointly released by the Ministry of Veterans Affairs and the Political Work Department of the Central Military Commission, further underlines the principle of matching jobs to veterans based on their performance while in service.

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The reopening of parks and squares is part of an array of measures, including the opening of street shops and shopping malls for a limited time per day, as well as bars and restaurants, which are now authorized to operate until 5:00 pm local time.

The report attributed the growing confidence to China's stronger-than-expected GDP growth in 2017 and positive signals sent by the 19th National Congress of the Communist Party of China held in October.