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The cost cuts were introduced in February, at the height of the domestic COVID-19 outbreak, when factories, restaurants, hotels and shopping malls remained shuttered nationwide, threatening widespread job losses.

The conference also stressed the coordination of domestic and international markets and efforts to ensure the quality and order of medical supplies exports.

The corporation witnessed rapid growth after taking over China Metallurgical Group Corporation in late 2015.

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The core of China's "dual circulation" development pattern, in which domestic and foreign markets can complement each other, is circulation, while the development pattern takes into account the country's opening-up, a senior economist said.

The country will ratchet up reforms dealing with how fire control laws are enforced, according to a guideline released on Sunday by the general offices of the Communist Party of China Central Committee and the State Council.

The cost for the California High Speed Rail Line has surged from its original estimate of billion to between billion to billion.

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The cooperation between Huawei Wireless X Labs and NetEase Leihuo gaming unit, which was announced in the form of a memorandum of understanding signed in Shanghai, aims to explore new forms of game designs, set standards for gaming experience evaluations, and promote the development of cloud-based games.

The country is scheduled to release a set of key economic data next week, including total retail sales for January and February. The data will partially reflect the impact of the viral outbreak on domestic consumption and will serve as reference points for policies necessary to shore up the economy.

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The country had less than 120,000 restaurants 40 years ago, compared with 8 million restaurants by the end of 2017.

The country is taking measures "to effectively iron out crossborder capital flow fluctuations and reduce their impact on the foreign exchange rate", said Huo Yingli, director general of the Macro Prudential Administration of the People's Bank of China, the central bank.