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The industrial sector also evolved. It was homogeneous in the early 1950s, with only mining, textile and simple processing industries. China relied on imports for supplies of a large number of industrial products at that time.

The implementation and enforcement of the new Foreign Investment Law and related rules will further level the playing field and strengthen multinational companies' confidence in investing in China in the long term, said Connell Zhang, executive vice-president of Ecolab, the United States-based health and hygiene giant.

The improvements will be made partly by stepping up supervision over shadow banking and real estate finance to fend off financial risks, according to a statement of the work conference of the People's Bank of China (PBOC), the central bank

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The institute said it questions the US government's attempt to use tariffs as a tool to extract negotiating concessions, which would only raise economic costs and "feed nationalism" at home.

The injured person is in a stable condition and rescue work is continuing.

The industrial and telecommunications segment has maintained a momentum of steady and sound growth with innovative industries driving new growth engines.

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The idyllic scene in the countryside of Yinan county, with small cottages sprinkled over verdant grasslands, gives no sign of its dilapidated past.

The institute, led by Zhang Boli, an academician of the Chinese Academy of Engineering and president of the TCM University in Tianjin, contributed to the world's fight against the COVID-19 pandemic by incorporating TCM treatments at makeshift hospitals in Wuhan, Hubei province.

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The institutes also were set up on the premise that India had applied voluntarily and met conditions for running such institutes, Ji said, calling for India to maintain the healthy and stable development of bilateral cultural exchanges.

The industrial sector contributed 60 percent of the total electricity consumption growth, with power use by the manufacturing industry increasing 6.2 percent, outpacing overall growth, according to Meng.