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The report has eight policy recommendations for EU institutions that would help more Chinese companies to access the EU market "on a more balanced, fair and reciprocal basis".

The report showed that Chinese visitor arrivals ranked fifth, trailing Canada, Mexico, UK and Japan, and China ranked seventh in terms of total tourism-related spending in the US.

The report said that after the commission's establishment, both the number of fugitives brought back to face trials and the amount of stolen money recovered greatly increased.

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The regulators also stressed that financial institutions must sign official written agreements for their bond repurchases and forward transactions.

The regulator will strengthen regulations on shareholder behavior, particularly those related to management control of banking and insurance institutions. Stern action will be taken against those found guilty of withholding the mandatory information and they may be forced to cede their shares in the company or face curbs on their shareholder rights, Guo wrote in an opinion piece published in the Economic Daily on Friday.

The report said it is misleading to judge economic exposure between two countries by looking only at the trade balance. The report further said it is mutually beneficial if the two countries avoid a trade war.

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The region's pilot FTZ signed 48 large investment projects, with nearly 26 billion yuan of contracted investment in the first three quarters.

The report projects that sea levels could rise by one metre (3.3 ft) by 2100 - ten times the rate in the 20th century - if emissions keep climbing. Looking further forward, the rise could exceed five metres by 2300.

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The report is based on a survey of around 20,000 people from 37 major cities in China, including Beijing, Shanghai, and Hangzhou, the capital of Zhejiang province. 

The relatively higher growth rate in China－compared with an expected global rate of 4 percent－will continue to lead global economic growth, which could help some economies jump out of the deflation trap, according to Song.