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The report also showed that nations trading closely with China outperform nations with less integrated trade ties.

The report said urban residents accounted for almost 2 billion visits, an increase of 13.7 percent compared with the same period last year, while residents from the countryside paid about 800 million visits, up 6.3 percent.

The report also points out Chinese undergraduates outnumber Chinese graduate students in the US. The States offers few undergraduate scholarships for international students but comparatively more for graduate schools. But Chinese families can increasingly foot the bill for undergraduate education, too.

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The regulators also ordered bond issuers to strictly fulfill their obligations including information disclosure and to actively pay off their debts.

The remarks came after the United States Secretary of State Mike Pompeo claimed on Tuesday that China is committing very significant human rights abuses against Uighur Muslims and other minority groups in mass detention.

The remote-controlled balloon wowed the cosmopolitan crowd of onlookers at the Dubai Mall. But they are not the only ones who are impressed with such Chinese products.

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The regrouping of the cabinet will come into force on May 1. Two thirds of the ministries will be headed by younger ministers except for transport, health, defence, home affairs and law. The average age of the new cabinet will be 55, one year younger than the current one.

The regulation stipulates that the state shall provide equal protection to all market entities, and protect their managerial autonomy, property rights and other legitimate rights and interests.

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The regulation, signed by Premier Li Keqiang, is the first of its kind since reform and opening-up, said Zhang Yizhen, vice-minister of human resources and social security, at a policy briefing hosted by the State Council Information Office.

The report also showed that in China, average time spent on the internet increased 62.9 minutes from 2017 to 5.69 hours a day by mobile phone users, who spent 11.4 percent of their time online watching short videos, next only to instant messaging.