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The ChiNext Index, which tracks China's NASDAQ-style enterprises, gained 1.48 percent to close at 1,858.01.

The Chinese breakthrough comes after major US pharmaceutical firms Johnson & Johnson, Merck, Pfizer and Eli Lilly recently abandoned projects to develop a drug for Alzheimer's over safety issues. Over nearly 20 years, there have been 400 clinical trials and billions of US dollars spent trying to find a cure.

The Chinese government's investment in roads, water projects, logistics, and internet facilities in rural areas has enabled the rise of e-commerce entrepreneurs seizing new opportunities throughout the country. Many former migrants who once worked in factories or as deliverymen in cities in eastern China are now returning to their hometowns and establishing businesses.

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The Chinese diplomatic office has also reached out to the family of the victim, the statement said.

The Chinese economy is recovering steadily and its massive scale continues to grow, while the country's opening-up shows its conviction that it is necessary to promote an open world economy, he said.

The CTSI incorporated the transport volume of passengers and cargo of various transportation modes including railway, highway, waterway and civil aviation. With 2010 as the base year and 100 points as the base value, the index includes passenger transport and cargo transport as two subindices.

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The Chinese government stays committed to implement the "one country, two systems" principle, and firmly opposes external forces to meddle in Hong Kong affairs, the spokesperson said.

The Chinese company said that the sixth-generation flexible AMOLED display panels have already been delivered to more than 10 smartphone manufacturers including Huawei Technologies Co, OPPO Electronics Corp, Vivo Mobile Communication Technology, Xiaomi Corp, ZTE Corp and Nubia Technology.

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The Chinese government is set to fill in the existing regulatory gap to update national standards for low-speed electric vehicles in a move to improve both driver and pedestrian safety, and air quality.

The China Council for the Promotion of International Trade, the agency that helps promote China's foreign trade and investment, also said that companies that have failed to execute their contracts on time or have not been able to execute their international trade contracts are entitled to apply for the certificates.