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Rare-earth exports by China fell to 3,640 metric tons in May from 4,329 tons in April, according to the General Administration of Customs. In the first five months, China exported 19,266.8 tons of rare earths, down 7.2 percent year-on-year.

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Reforce, which was established in 2010, is one of the leading building automation companies in Nanjing. It moved to the city's Jianye district due to its many preferential policies and help provided to private enterprises.

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Reaching out to the international society, China does not shy away from demonstrating its zero-tolerance of corruption to the world, and the readiness to cooperate with law enforcement agencies in other countries.

Redwood questioned the role of government as a business facilitator, offering incentives to corporations with the promise that benefits will trickle down to all citizens.

Realizing the significance of SOEs to the country's sustainable growth, China launched a series of reforms including cutting capacity, managing "zombie companies," cutting excessive layers of hierarchy and calling for innovation among firms.

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Recent policy efforts to ramp up infrastructure investment by addressing weak links in transport networks and promoting technological upgrading will bolster both the economy and the market, he said.

Rather than visiting brick-and-motor banks, people, especially the younger generation, turn to mobile phones and computers since the internet and apps cover most banking services.

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Reforms, financial deleverage, M&As, tech focus help revive government firms' fortunes

Reckitt Benckiser Group, a British multinational consumer goods company, will establish a foundation in China in partnership with China Children & Teenager Fund, according to the company's newly assigned CEO.