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Lloyd Blankfein, chief executive of Goldman Sachs Inc. [Photo provided to chinadaily.com.cn]

Looking into the remaining months of the year, Wu said the services sector should continue the expansion and become more willing to expand employment as policy support ramps up.

Loob partnered with the two Chinese companies to form a joint venture entity Shanghai Loob Boduo Food and Beverage, which will see Loob emerge as the largest shareholder with a 51 percent stake.

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Local governments should stick to real estate market management goals and not loosen regulatory measures, the ministry said in a statement last month, citing notices of market speculation in some cities.

Local telecommunication administrators are required to step up management over voice communication services provided by telecom and internet companies, and heighten oversight over call centers.

Local governments also improved the assessment of officials regarding the handling of petitions, by placing more stock in the effectiveness of settlements and petitioners' satisfaction with their cases.

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Looking forward, Peng said the heaviest task for the CIC's domestic investment arm, Central Huijin Investment Ltd, is to fight a tough battle against financial risks, considering that the external economic situation is grim.

Looking to brands, sales for limousine brands posted 27 percent growth year-on-year, joint venture brands grew 3 percent, and domestic brands rose 9 percent, accounting for 39.1 percent of the market share, up 0.4 percentage points from a year earlier.

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Local governments are also carrying out a series of measures such as integrated customs, tax, finance, foreign exchanges and credit insurance to support enterprises in maintaining their foreign trade.

Located in the eastern foothills of Helan Mountain, the estate's vineyards cover more than 1,333 hectares.