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However, Bloomberg reports that Chinese VC has plunged in 2019 as a result of trade uncertainties and high startup valuations.

Hours before the release of the financial data, the National Bureau of Statistics announced a slight increase in consumer inflation in May, along with the soft growth of factory-gate prices. "The moderate inflation level will provide room for monetary policy," said Shen Jianguang, chief economist at JD Digits, a Chinese fintech group.

However, Yu Zhenqiu, director of the hypertension department at Anzhen Hospital in Beijing, welcomed the new initiative and said he looked forward to more policies to improve strained doctor-patient relationships.

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However, Roth said it's just as important to select markets carefully, as catching on in larger countries like the US is much more difficult than in regions like India, Latin America, Brazil or Indonesia.

However, despite overseas consumers' increasing passion for TCM, only three titles of Chinese patented medicines manufactured by Chinese pharmaceutical companies have been recognized as drugs in the European Union.

However, Senate Republicans quickly expressed opposition to the stopgap funding bill introduced by House Democrats, as it does not contain a provision to provide aid for farmers impacted by the pandemic.

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However, blocking components to Huawei could also disrupt the businesses of American chip heavyweights like Micron Technology and slow down the rollout of 5G wireless networks, Bloomberg said, which in turn could hurt US companies that rely on the Chinese market.

Honor, the Chinese smartphone brand sold by Huawei to a group of investors last month, is further expanding its retail footprint in the country by setting up offline stores in more cities, people familiar with the matter said on Wednesday.

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Hours after the incident, US Secretary of Defense Mark Esper said on Tuesday that the United States will deploy about 750 troops immediately to the Middle East.

However, FedWatch shows a 70.8 percent change of a quarter-point cut and a 29.2 percent chance of a half-point cut on July 31, Jim Collins, chief executive officer of Excelsior Capital Partners in North Carolina, told China Daily.