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GDP reached 19.88 trillion yuan (about .2 trillion) in the first three months of 2018, up 6.8 percent year-on-year at comparable prices, unchanged from the growth rate in the previous quarter, according to the National Bureau of Statistics (NBS).

Frozen 2, which hit Chinese theaters on Nov 22, has so far grossed more than 662 million yuan (.9 million) in box-office receipts in the country, with the number climbing steadily.

Gao, who is currently abroad, said that "if the company has suffered from Guo's rumors, we will not rule out taking legal measures to safeguard our legitimate rights."

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GUANGZHOU/KUNMING - After being hit hardest by the country's strongest typhoon of the year, southern China's Guangdong province has started to resume traffic and power supply in affected areas.

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Gao Hongwei, chairman of CASIC, said the company hopes CASICloud could enable its users, especially small businesses or startups, to be better connected and to take advantage of the industrial internet.

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Fuzhou, where the first summit was held, has witnessed bourgeoning development of the digital economy in the past year, attracting famous businesses such as Alibaba to invest in the city and nurturing a batch of high-quality digital companies.

Furthermore, the branch also organized local banks to issue three bonds tailor made for fighting the infection and opened express channels for their approval.

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Garcetti noted at the daily press conference that the city could see a situation similar to the outbreak in New York City in the coming six to 12 days, saying, "The peak is not here yet. The peak will be bad. People will lose their lives."

Gagnon, a former official at the US Federal Reserve Board and US Treasury, said it is important to stipulate that trade is not a zero-sum game in which imports are losses and exports are wins. "Reducing the trade deficit by reducing overall trade would throw the baby out with the bathwater," he said.