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Global ratings agency Fitch said in a recent report that China's steel and coal capacity cut targets were tough to hit given the incentive for companies to voluntarily close mines and factories has weakened as prices have recovered and profitability has improved.

Global accounting firm KPMG said in a recent report that the Chinese mainland and Hong Kong stock exchanges combined are set to record their most active year since 2011 in terms of proceeds. The Shanghai and Hong Kong bourses were key drivers behind the 23 percent increase in proceeds raised in the global IPO market in 2020.

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Given China's sound economic fundamentals, wider openness and more stable market expectations, cross-border capital flows will continue to be balanced and stable, the SAFE predicted.

Global ratings agency Moody's this month predicted a stable outlook for Chinese financial institutions through 2018, citing strengthening regulations and steady economic growth.

Given those numbers, it doesn’t appear as if Echo is the homerun success that the iPhone was, though it’s certainly gained significant adoption in its first year. The Amazon Echo device became widely available in the U.S. in June 2015.

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Geng Shiwen, a former boss of a local coal mine, said he has been enchanted by the mountain since the discovery.

Geng said that the United States' actions of adding 28 Chinese governmental and commercial organizations to the Entity List and constricting the export of items severely violate the basic norms governing international relations, interfere in China's internal affairs and undermine China's interests.

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George Zhao, president of Huawei's sub-brand Honor, unveils Honor Vision series during the Huawei Developer Conference held in Dongguan, South China's Guangdong province on Aug 10, 2019. Honor Vision is the world's first smart screen equipped with HarmonyOS, or Hongmeng in Chinese, Huawei's open-source operating system. [Photo/Xinhua]

George Ren, a senior partner from global consultancy Roland Berger China, said lower-tier cities have become powerful driving forces of bolstering the upgrading in the country's consumption market, while noting the buyers coming from the markets are paying more attention to the quality of products and becoming more brand-conscious.