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The Chinese economy is developing in a healthy and resilient way, with the transformation from old growth engines to new ones accelerating, but deeply rooted problems remain and external instabilities are on the rise, according to a statement released on Thursday by the People's Bank of China, the central bank.

The China-Italy intercontinental communication test will be conducted through Micius, the world's first and only operating quantum communication satellite. It allows quantum keys and encrypted messages to be sent and received.

The Chinese economy expanded 6.9 percent in the first quarter of this year, up 0.1 percent compared with the fourth quarater of 2016.

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The Chengde imperial resort, some 230 km north of Beijing, was built in 1703 during the Qing Dynasty. Emperors lived there in the summer and received diplomats and tribal leaders.

The Chicago Tribune reported earlier this month that Mayor Emanuel has spoken directly to Amazon CEO Jeff Bezos “several times” about building the company’s second headquarters in Chicago. Pritzker was also in Seattle last week visiting Amazon’s main campus, according to Crain’s.

The China Bulk Merchandise Index (CBMI), a gauge of domestic bulk commodity market growth, stood at 103.3 percent in May, down by 1.5 percentage points compared with April, according to the China Federation of Logistics and Purchasing (CFLP).

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The ChiNext Index, China's NASDAQ-style board of growth enterprises, rose 3.72 percent to close at 2,146.18 points.

The Chinese government is highly unlikely to approve the TikTok deal between ByteDance and Oracle-Walmart because the US presidential decree that forced the deal created such unfair pressure on ByteDance that it amounts to an expropriation of the company's assets. If it were to go through, this deal sets such a bad precedent that it endangers the rule-based system of international investments. Also, the Chinese government has a strong legitimate interest in controlling the export of highly valuable artificial intelligence algorithms that were developed in China, especially under such forced circumstances.

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The Chinese authorities are aware that demand for palliative care is rising rapidly.

The Chinese investment delegation, consisting of representatives from giant Chinese medical technology firms, also during the discussions noted that Chinese high-end medical equipments would help Ethiopia's efforts to modernize its healthcare sector, with particular importance to the treatment of cancer and related diseases.