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The Chinese economy is expected to remain resilient this year, and policymakers need to focus on reform and prevention of financial risks to improve the quality of growth, economists said.

The Chinese embassy statement said the US persisted in conducting the "301 investigation" and announced relevant trade measures, ignoring rational voices, and in disregard of the mutually-beneficial nature of China-US trade relations and the consensus reached by the two countries of managing differences constructively through consultations. It is a typical unilateral trade protectionist action.

The Chinatown Branch has been an active member of the London Chinatown community. It has supported London's Chinese New Year celebrations for 17 consecutive years, promoting Chinese culture for crowds of up to 700,000 spectators in what has now become the largest Chinese New Year celebration outside Asia.

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The China Export Containerized Freight Index was first released by the exchange in April 1998 as a barometer of the export shipping market.

The Chinese economy has maintained a momentum of steady and sound growth this year. The first quarter saw 6.9% growth with marked improvement in economic performance, and major economic indicators have continued to move in a positive direction in the second quarter. Power generation, freight volume and new business orders have increased notably. Profits of industrial companies above the designated scale have increased at double-digit rates. Foreign exchange reserves have started to grow again, and the RMB exchange rate has been basically stable. In particular, employment has been strong with surveyed unemployment rate for urban areas falling to 4.91% in May, the lowest level in years. Citing the growing strength of new drivers and steady progress in economic rebalancing in China, a number of international organizations and research institutions have recently revised up China's growth forecasts, reflecting optimistic market expectations.

The Chang'e 4 mission is scheduled for December. [Photo by Artist's Rendering/China Daily]

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The Chinese business community is eager to invest in Kenya and expand its manufacturing base in line with the Kenyan government's ambitions, says Guo Ce, the economic and commercial counselor of the Chinese embassy in Nairobi.

The Chief Executive of the Hong Kong Special Administrative Region Carrie Lam Cheng Yuet-ngor visited the injured at Prince of Wales Hospital in Sha Tin on Saturday night. She was accompanied by Hong Kong Chief Secretary Matthew Cheung Kin-chung and Secretary for Food and Health Sophia Chan Siu-chee.  Lam offered her condolences to the families of the accident victims.

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The China Consumers Association said Wednesday that financial services in automobile sales should be clearly priced and forced transactions eliminated.

The Chinese central bank and the regulators of the banking, insurance and securities industries have been jointly drafting a comprehensive regulatory framework to tighten supervision of the asset and wealth management businesses of the country's financial institutions.