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Roughly 90 percent reported being profitable with most of the rest expecting to make profit within two years. Meanwhile, nearly 70 percent said investment returns in China in 2017 were better than elsewhere.

Risks are inherent in any investment and cannot be avoided. Given growth in overseas State-owned assets, regulation of those assets has been a new challenge facing Chinese authorities.

Ruggeri said the police can finally be equipped to take on major crimes that were previously not within their remit, with the aid of intelligence and expertise provided by Beijing.

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Roach also criticized the portrayal of China's outward investment as a unique state-directed plan aimed at gobbling up newly emerging US companies and their proprietary technologies. That includes the description of the Made in China 2025 strategy as a plot to dominate future industries in the world.

Retail sales climbed 52.4 percent from 722.22 billion yuan to 1.1 trillion yuan, honoring its position of the country's largest consumer city for the ninth year running.

Retired Olympic champion figure skater Kim Yuna lit the Olympic flame in a cauldron on a high platform at the stadium.

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Rong Jun, spokesperson of the Beijing Traffic Commission, said on Thursday that the lottery policy is far from perfect, but it's a "have-to" method under the certain circumstances－that Beijing's population and car demand has surpassed the city's capacity.

Richard P. McDonough

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Running a small restaurant named "Hangzhou Steamed Buns" in Lhasa, capital of Southwest China's Tibet autonomous region, Shang and her husband have found not only comfort in nostalgia, but also the promise of a prosperous future.

Response offers lessons as fresh wave hits places such as Europe, experts say