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Prices of industrial prices are already showing signs of losing steam. China's producer price index (PPI), which measures costs of goods at the factory gate, rose 7.6 percent year-on-year in March, retreating from the 7.8 percent growth registered in February.

Privately owned museums soon will be recognized as charity organizations so they can benefit from supportive policies such as preferential tax measures, subsidies for cultural industry development and reductions in operating costs, he said. The State will also help such museums obtain more support from their State-owned counterparts through joint exhibitions and training.

Prior to Jianpu, Chinese online small consumer credit provider Qudian Inc made its debut on the New York Stock Exchange on Oct 18. Qudian priced its IPO of 37,500,000 American depositary shares (ADSs) at .00 per ADS for a total offering size of about 0 million, according to Xinhua News Agency. Qudian closed at .39 Wednesday after diving 7.24 percent, still above its IPO price.

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Property investment rose 9.1 percent year-on-year in the first quarter of the year, the fastest growth rate since March 2015, data from the National Bureau of Statistics showed.

Production and sales of electric cars have surpassed 1 million units so far, with an annual growth rate of over 200 percent, said Dong Yang, vice director of China Association of Automobile Manufacturers (CAAM).

Professor Schwab: Premier Li Keqiang, thank you for this very comprehensive presentation of your government's policy. I also feel there are many messages in your speech which are certainly reassuring for foreign and Chinese leaders present here. I want to thank you for taking the time to develop in such a detailed way your policies and your intentions. You developed a concept on how China will keep up reform and opening-up. Now many of the business leaders are concerned about the credit situation and the financial situation, the financial risk of the country, particularly related to the issue of deleveraging. What is your response here?

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Proposed by China in 2013, the Belt and Road Initiative aims to build a trade and infrastructure network connecting Asia with Africa and Europe along the trade routes of the ancient Silk Road.

Private schools can apply for financing from financial institutions using future operating income and intellectual property rights as a guarantee, according to a draft amendment to the regulation regarding non-government funded education. The regulation has been published by the Ministry of Justice for the public to provide opinions until Sep 10.

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Presidents of Kenya, Rwanda say they'll work to expand good relations

Private firms and foreign-funded firms will be supported to conduct such swaps in a market-oriented manner, said a document released by the National Development and Reform Commission (NDRC).