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GUANGZHOU - The 14th China International Small and Medium Enterprise Fair (CISMEF) concluded Monday in the southern Chinese city of Guangzhou.

Gao made the remarks after the Indian government through its Ministry of Electronics & Information Technology blocked 118 Chinese apps it said were "engaged in activities which are prejudicial to the sovereignty and integrity of India, security of state and public order".

Gao Ting, head of China strategy at UBS Securities, estimated that the new tariffs may lower China's 2018 GDP growth by 0.1 percentage point and earnings growth of A-share non-financial companies by 0.6 to 1.6 percentage points this year.

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Funds raised through direct financing channels, such as bond issuance, only take about less than 50 percent, while about 40 percent of local government financing come from short-term expensive products, according to the report.

GM announced Monday that it could close several plants in the United States and cut more than 14,000 jobs, drawing harsh criticism from the US president, who had promised to bring jobs back to America in his presidential campaign.

Gao said many visitors asked why the prototype of China's banking system had mushroomed in the landlocked hinterland. He said because of its barren, remote location, the locals developed trade and finance to earn a living.

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Further investigation of the case is underway.

GUANGZHOU -- An intelligent tracking system has been adopted by China Southern Airlines to improve its freight transport efficiency.

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Gao reiterated that US Section 232 and Section 301 measures to slap tariffs on Chinese products seriously violate WTO rules.

Gao Fei, a professor at China Foreign Affairs University, said there would be a long way ahead, although Kim has shown his determination of denuclearization.