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Mohamed Butt, the council's executive director, said on Wednesday that the trade conflict and recent social unrest are hurting the city's 340,000 small and medium-sized businesses.

Mixed-ownership reform is conducted through diversifying the shareholding structure of SOEs with the introduction of private or even foreign investment.

Michael Yu, vice-president of CPA Australia's East and Central China committee, said: "The Belt and Road Initiative has created fresh opportunities for companies to invest overseas. As China's hightech products become increasingly competitive in the international market, companies are expanding their global presence."

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Mobile gaming remained the largest segment in the first half of this year, producing revenue of more than 70 billion yuan, which comprised over 60 percent of the Chinese game market.

Mnuchin said that in "the most conservative scenario," the Treasury Department will run out of cash in early September, and will hence be unable to pay its over 22-trillion-US-dollar debt.

Milson Yeung, from the IT sector in Hong Kong, said the new national security law would help create a stable business environment, which in turn will boost technology and innovation development in the city.

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Mobike has deployed more than 4 million bikes in over 60 cities across the globe. More than 20 million short journeys are made on its bicycles every day, according to company figures.

Michael Langham, senior Asia country risk analyst for Fitch Solutions, said tourism receipts typically account for around 13 percent of Thailand's GDP, and combined tourism and travel made up 22 percent of GDP last year.

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Monday's decline further eroded the market's performance in September.

Microsoft’s direct employment in the Seattle region rose in fiscal 2012 by 400 people, to 40,854.