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Gao reiterated that China would take all appropriate measures to defend its legal interests in response to the US trade investigation as it damaged the international trade system and cast a shadow over China-US economic and trade ties.

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Furthermore, newly wealthy people in first-tier cities pay more attention to investing for their children's education, even those with lower income.

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GUIYANG -- China's leading liquor maker Kweichow Moutai saw its net profit rise 16.69 percent year on year to 13.1 billion yuan (.85 billion) in the first quarter of 2020.

GUANGZHOU - China's largest trade fair opened its 123rd session Sunday in South China's Guangdong province, attracting more than 25,000 companies as exhibitors.

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GUANGZHOU - South China's Guangdong province, an innovation powerhouse, has pledged to support more fundamental and applied research to cultivate more innovation-oriented companies and attract more professionals.

Fu rejected opinions claiming China-Australia ties are "frozen", saying that, in fact, cooperation between China and Australia has been robust, and the quick recovery in bilateral trade after the outbreak of the coronavirus is a case in point.

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Gao Feng, the ministry's spokesman, said many exhibits have been shipped from the United States, Italy, Spain, Germany and other parts of the world to Shanghai.

Fu Liang, an independent analyst who has been following the telecom sector for more than 15 years, said China Unicom's move might encourage other SOEs to auction off their assets online, which is also an effective way to rein in corruption.