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The monthly analysis report attributed the revision to lower sugarcane output in South China's Guangxi Zhuang autonomous region, the country's largest sugar manufacturing base.

The move spooked the market by igniting doubts on whether the move signaled the Fed's determination to stabilize growth or indicates that things are so dire that it had to make extraordinary moves, according to analysts at China International Capital Corp.

The nation's economic growth objectives are usually determined in March at the annual meeting of the National People's Congress, China's legislature. This year, the country plans to achieve the baseline target of doubling 2010 GDP and per capita income by 2020, which requires real GDP growth of no less than 5.5 percent this year, a view that is widely held among the nation's leading economists.

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The move came amid China's enhanced efforts to significantly improve its charging technologies and facilities within three years. The country aims to optimize its charging infrastructure to give the new energy vehicle sector a boost.

The move by the US came about three months after it signed the Taiwan Travel Act, which encourages "visits between officials from the United States and Taiwan at all levels", legislation that has drawn strong opposition from China.

The move implements Ikea China's transformation strategy that is centered on digitalization and localization it has adopted since last August.

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The movement of "Boycott Japan" to encourage people here not to go to Japan for trip nor buy Japanese products spread across the entire South Korea in protest against Japan's export curbs.

The move came as Transsion Holdings Ltd, a Shenzhen-based smartphone maker few Chinese have heard of, is securing the jewel in the crown of the mobile world－the African continent, one of the most promising mobile arenas in the world.

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The move came after the company was authorized by the Ministry of Science and Technology to build China's first national laboratory for cognitive intelligence.

The move came as China is charging ahead with its multibillion-dollar BRI, which aims to inject new momentum for the development of less-developed western China.