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The IT expenditure of China's banking sector is expected to rise from 92.32 billion yuan (.58 billion) in 2016 to 135.13 billion yuan (.88 billion) by 2020, said Frank Fang, senior research manager of IDC at a forum held by the company in Beijing on Tuesday.

The Illinois-based company announced in July that its second-quarter sales and revenues up 1 billion U.S. dollars from a year ago, beating market expectations. Shares of Caterpillar soared after the release of earnings report.

The IPO is expected to raise at least 10 billion yuan (about .6 billion), analysts said.

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The Ministry of Civil Affairs and China National Commission for Disaster Reduction have sent teams to assist in disaster-hit areas.

The IMF's conclusion came in just four days after the US Treasury officially labeled China as a "currency manipulator" on Monday. The Chinese yuan weakened to beyond 7 per dollar for the first time in more than a decade earlier this week.

The LNP is relying on a message of stability, saying it is the party best-equipped to manage the nation's economy.

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The June WTI contract fell more than 18 percent to 20.43 per barrel. The global benchmark Brent crude for June delivery decreased .51 to close at .57 a barrel on the London ICE Futures Exchange.

The Longhui county in southwest Hunnan was once in poverty due to its huge population and poor natural resources. Driven by China's poverty alleviation action, the local government, along with a local chilli sauce production company, pushed the local hot pepper industry to grow to help residents out of poverty.

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The MTR Corporation closed the stations along the protest route one hour before the protest started at 1 pm to avoid being inflicted again, after the rail operator was criticized for offering free and exclusive ride home for the protesters.

The Marvel X under SAIC's Roewe brand, which is able to locate free parking spaces and park itself automatically, is expected to hit the market in September at the forthcoming Chengdu Motor Show.