Richardson from Counterpoint also warned that Huawei's lead in smartphones is likely to be short-lived.
Revolving around the central task of fostering virtue through education, the guidelines called for further reform in key areas to well prepare students for future social life, higher education and career development.
Responding to the reasons of decline in net profit, Co-CEO and CFO Jason Yao said Ping An is the only insurance company in the country that adopted the new accounting standard of IFRS 9.
Rising import tariffs and other steps taken by the Trump administration are "undermining the global trading system," increasing restrictions on trade in goods and services, and catalyzing a cycle of retaliatory trade responses, the IMF said.
Robert Dallek
Revenue from other sources though jumped 82 percent year-on-year, sparked by the robust growth of its gaming business after the acquisition of Skymoons.
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Revenue from corporate income tax went up 15.6 percent year-on-year due to increasing company profits, while that from VAT and consumption tax on imported goods soared 34 percent on strong import growth.
Robb said countries should seek to cooperate with each other and not be frustrated.
Returns on outbound investment are expected to increase as the investment structure improves, which will reduce the investment income deficit China runs under the current account, Wang said.
Roughly 8.6 percent of China's population has the disease, which is more likely to hit the elderly, data from the National Health and Family Planning Commission show.