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The country’s cloud computing industry reached a market size of 150 billion yuan （ billion) in 2015, and is expected to worth 430 billion yuan by 2019, according to a recent government plan by the Ministry of Industry and Information Technology.

The country's top financial regulatory body will also accelerate the launch of supervision guidelines on large financial holding groups, as well as tighten regulations on internet-based financial companies, to stabilize the financial sector and prevent risks, the central bank said in the report.

The current scene is enthusing not just industry insiders and external experts but consumers such as Li Shuqi, 41, a Shanghai-based white collar worker at a multinational company. She believes ordinary people have a decent chance now to buy or change homes.

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The customs attributed the growth of imports to improved living standards in China and an aging society causing surge for demand in medicines.

The country's crude steel output rose 5.1 percent year on year to 492 million tons in the first seven months this year, while apparent consumption of crude steel increased 10.9 percent to 450 million tons, according to CISA data.

The death of Karl Lagerfeld on Tuesday in Paris has sparked a wave of nostalgia across China, with netizens paying tribute to one of fashion's all-time most influential designers.

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The country's industrial upgrading campaign calls for the production of more high-end goods that require significant intellectual property and greater innovation.

The dazzling tech wasn't only present in Chinese companies. In fact, many showstoppers had something to do with China.

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The current vice-chairperson of the Foreign Affairs Committee of the National People's Congress of China, Fu said, "This year marks the 40th anniversary of reform and opening-up in China. The China-US relationship has also witnessed profound changes. Today, more than 300,000 students from China's mainland are studying at US universities, and nearly 3 million Chinese tourists travel to the US every year."

The deal valued SenseTime at over .5 billion. Other investors include Temasek Holdings and Suning Commerce Group Co Ltd.