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The court said sentencing will be announced later.

The country's top judge said on Monday that courts across the country must improve the quality of case hearings and rulings to effectively avoid wrongful convictions and better protect human rights.

The country's local government debt risk is likely to no longer remain "hidden", especially when the money is raised from the government's investment fund and illegal public-private partnership projects, the minister warned at an annual ministry meeting, which announced the major tasks for 2018.

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The courier sector raked in over 860 billion yuan this year, up from 276.96 billion yuan five years ago, marking an annual growth rate of 25 percent.

The country's private players, the trade sector's mainstay, managed to achieve a 10.4-percent year-on-year growth in trade volume in the first 11 months of this year, by such means as diversifying their trading markets and adjusting trade mix.

The country's total fixed asset investment rose by 5.87 percent from a month earlier. Consumption is also showing signs of improvement, represented by the recovery in sales of automobiles and residential housing, Liu said.

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The country's net crude oil imports will rise 7.7 percent to 451 million metric tons in 2018, accounting for 70.1 percent of China's total supply, according to a report released by CNPC Economics & Technology Research Institute.

The data also indicated a 1.7 percent decline in traffic on Black Friday as compared with that in 2017.

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The country's export kept sliding for the 11th straight month through October.

The data show a trend similar to earlier data from the National Bureau of Statistics, with the official PMI falling to 49.4 in December, suggesting soft growth momentum in the manufacturing sector.