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Gabor said all of the company's businesses, including life sciences, healthcare and electronic materials, are fully supported in the city.

Gan Chunhui, deputy head of the China Society of Industrial Economics, said the consumption-driven economy developing in China not only means rising demand for consumption and services, but also will help promote upgrades throughout the industrial chain

Gao Ting, head of China strategy at UBS Securities, said, "Trade and growth concerns have largely been priced in by A shares but will remain major sources of volatility in the US in the near term."

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Gao said China has advantages in other industries as well, such as agriculture, which is in need of industrialization and modernization, and healthcare, which will undergo market reform sooner or later.

Gao Xudong, a researcher at Tsinghua University, said handing out employee stock rewards is a big bright spot in China Unicom's reform, which can be seen as a test case for the country's pan-SOE makeover.

Gartner also tuned down growth forecast for chips from 12.5 percent to 9.9 percent, with revenue set to fall below 0 billion.

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GDP growth to stay at 6.2% in first half before rebounding to 6.3%, says CASS

Fu said publicity work involving the Constitution is carried out nationwide, including in the Hong Kong Special Administrative Region, where the SAR government and local patriotic groups have done lots of work promoting awareness of the Constitution and the Basic law.

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Fu said China's economic development in 2020 should be aimed more at qualitative targets such as higher quality and efficiency of development, increases in people's income and environmental improvements.

GUANGZHOU -- South China's manufacturing heartland Guangdong province has seen 91.2 percent of firms resume operation as of Monday, authorities said Tuesday.