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The report named several platforms - including Tmall Global, owned by e-commerce giant Alibaba, NetEase's Kaola, and the fashion and beauty products retailer Xiaohongshu.

The report projected continued progress towards eliminating extreme poverty with the extreme poverty rate to fall below one percent in 2018, based on the international poverty line of PPP .90 per day.

The regulation prohibiting smoking in all public spaces, office buildings and public transportation came into effect on June 1, 2015.

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The remeasurement of the peak's height is a part of China's latest large-scale comprehensive scientific survey of Qomolangma, and the project is jointly organized by the Ministry of Natural Resources, the Ministry of Foreign Affairs, the General Administration of Sports of China, and the regional government of the Tibet autonomous region.

The report expects that the treasury bond issuance will hit a record high this year and it will lift the government's total debt ratio.

The report said profits, especially of banks and the manufacturing sector, continued to rebound, which will be a positive as strong corporate performance will likely attract investors seeking high returns to the stock market.

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The report shows that in 2017, China spent 6 billion on research and development, following closely behind US R&D expenditures of 9 billion.

The report predicted that China's total retail sales will grow 7.5 percent to reach .636 trillion in 2019, while that of the United States will grow 3.3 percent to 5.529 trillion.

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The report also said listed companies had been the main force of having outbound M&As because of their healthy funding and secure financing sources.

The report states the government will make major improvements to the environment for the private sector, encouraging, supporting and guiding its development.