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The China Banking and Insurance Regulatory Commission said it attaches great importance to the incident, which was triggered by the BOC's Yuanyoubao product, and has urged the bank to protect investors' rights and interests.

The Chinese Academy of Sciences also predicted healthy and stable regulatory measures from the government this year. In its latest research report released this month, it predicted a 6.7 percent growth of the average national housing price this year, down 3.4 percentage points from 2018.

The Chinese government has launched a series of measures for further reform and opening-up, such as the newly adopted Foreign Investment Law.

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The China National Ship Recycling Association said that instead of using iron ore to make steel, if companies use scrap from shipbreaking yards, it can reduce gas and water pollution by 86 and 76 percent respectively. Such a practice will also help cut 40 percent of water usage and reduce mining waste by up to 97 percent, it said.

The Chinese Academy of Sciences adds 64 Chinese nationals and 20 foreign experts, including three Nobel laureates, from 12 countries to its academician echelon, the nation's highest academic title and lifelong honor for scientists selected once every two years. [Photo/www.chinanews.com]

The Chinese economy is drawing support from strong sources of cyclical resilience in early 2017, Stephen Roach, a senior fellow at Yale University, wrote in July, citing the fast growth of exports.

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The China Global Media Fellowship program which was conducted for journalists from 18 countries involved in the Belt and Road Initiative ended on May 31 with a ceremony in Shanghai.

The Chinese economy will continue its stabilizing and positive trends, and further opening-up and reform will be carried out to provide domestic and foreign enterprises with a business environment of equal treatment and fair competition, Li said.

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The Central Commission for Discipline Inspection of the Communist Party of China said in an online statement Sunday that Xiang was being investigated for suspected serious violation of the Party's code of conduct.

The Caixin manufacturing PMI, which surveys more small and medium-sized enterprises and export-oriented enterprises located in eastern coastal regions, recorded a growth in October as against the market expectations of a moderation. The current reading, coupled with the still-solid official PMIs released earlier, suggests China's growth recovery remained on track last month, said Lu Ting, chief China economist at Nomura and other experts, in a research note.