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Generally speaking, import and export enterprises want the exchange rate to be basically stable, which can help them avoid the interference of exchange rate fluctuations and focus on the production and operation of businesses, it says.

Global investors continued to pile into Chinese bonds, adding a net 52.2 billion yuan in May.

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Geng said China has acknowledged the United States' determination to push forward denuclearization of the Korean Peninsula.

German manufacturer expects China sales increase on back of reduced tariffs

Geng noted that during State Councilor and Foreign Minister Wang Yi's visit to France and Italy last month, the French and Italian leaders welcomed Chinese enterprises to invest in their countries.

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Glielmi, a physician and acupuncturist who has graduated from the Latin American School of Traditional Chinese Medicine, is also a professor of traditional Chinese medicine, acupuncture and qigong, a practice to cultivate and balance the body's vital flow of energy.

Geely itself is already offering car-hailing in dozens of Chinese cities through its Caocao platform, which now has more than 17 million registered users.

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Gary Hufbauer, an analyst at Peterson Institute in Washington, said in an email to China Daily that while manufacturing accounts for only a tenth of employment "it accounts for about a fifth of value added''.

Geely has registered positive growth for three months since April. Its market share by the end of May grew to 6.88 percent in China, up 0.53 percentage points from the same period in 2019.