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Private investment contributes around 60 percent of China's GDP and accounts for more than 80 percent of total investment in the manufacturing sector, the commission said.

Proceeds from global initial public offerings (IPOs) decreased 8 percent year on year to .8 billion in the first half, mostly due to a decline in the funds raised in major stock exchanges in the United States and Europe. However, the fall was partly offset by an increase in fundraising in the Asia market, especially the Shanghai Stock Exchange, the report said.

Private companies should also be encouraged to do the same with tax reductions and exemptions, he said.

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Prices of some medicines have dropped remarkably. In Hunan Province, the price of each vial of Herceptin decreased from 17,600 yuan to 7,600 yuan, and the price of each vial of Fulvestrant, also used to treat breast cancer, dropped from 11,500 yuan to 4,800 yuan.

Problems revealed by employee complaints

Products such as scales to measure body fat, massage guns and treadmills are among the bestselling products on e-commerce platforms.

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Prior to the departure of the flight, a brief ceremony was held at Terminal One of Dublin Airport, which involved speeches from officials of Dublin Airport, Hainan Airlines and the Chinese embassy in Ireland. A cake-cutting and a ribbon-cutting were also held at the ceremony.

Previous reports said the model will be sold at a price range of about 200,000 yuan (,038) to 300,000 yuan in China.

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President: Two nations 'shoulder special historic responsibility'

Prime European warehouses are forecast to generate average returns of 7.6 percent annually during the next five years, compared with 6.4 percent for malls and 5.2 percent for offices, according to a March report by Deutsche Bank AG.