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Gautam's team went on a monthlong expedition in April to remeasure the height of Qomolangma, which is more than 8,000 meters above sea level. This was meant to settle the debate in the international science community on whether the mountain shrank after a magnitude 7.8 earthquake devastated Nepal in April 2015.

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Given the waning trend in China's demographic dividend and intensified competition for customers, promoting family accounts will help insurers realize their commercial value, he said.

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Global diagnostic imaging major plans to localize products and operations

Given the changing economic situation at home and abroad, China is expediting dual circulation. Although the "domestic cycle" will be the mainstay, the domestic and international "dual cycles" will promote each other, experts said at the seminar.

Given lackluster traditional industries, services, including tourism, have stood out as fresh impetus to the slowing economy. In 2016, the tourism revenue in China totaled 4.69 trillion yuan, contributing around 11 percent to the national economy.

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Germany's flagship industry as a whole is seen as lagging behind foreign competitors like California's Tesla and China's producers.

German retailer Metro AG, which has 93 stores in China, is also looking to sell its unit in China amid a wider company restructuring, according to Reuters.

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Georgieva said she expects to have numbers to release to the G20 Ministers when they meet in Riyadh, Saudi Arabia next week.

Global market volatility soared to a nine-year high since the virus outbreak, as sell-offs and panic spread from stock to commodity markets, prompting monetary authorities, such as the central banks in Indonesia and Brazil, to defend their currencies using foreign exchange reserves.