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The China-Europe freight train waiting for departure at Xiangtang railway port in Nanchang, East China's Jiangxi province, Feb 17, 2020. [Photo/Xinhua]

The Chinese economy is developing in a healthy and resilient way, with the transformation from old growth engines to new ones accelerating, but deeply rooted problems remain and external instabilities are on the rise, according to a statement released on Thursday by the People's Bank of China, the central bank.

The China Automobile Dealers Association is a long-time champion of the role that used cars sales play in boosting the new car market.

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The China-proposed initiative comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road, which aim to build trade and infrastructure networks connecting Asia with Europe and Africa on and beyond the ancient Silk Road routes.

The Chinese government is promoting the adoption of vehicles with batteries that can be swapped between different makes and models.

The Chinese government has been actively restructuring central SOEs in a bid to improve their efficiency and competitiveness, with the number of central SOEs falling to 98 from 117 five years ago.

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The Chinese economy, despite its good start in the first quarter, has not yet consolidated its stable momentum as it faces increasing unstable factors and challenges from abroad, Li said at the symposium.

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 has made "real progress" in intellectual property rights protection, he said, adding that he hoped to see further development.

The China Council for the Promotion of International Trade, Automotive Industry Committee and Egypt's Holding Company for Maritime and Land Transport inked the deals relating to deepening Sino-Egyptian links in the automotive industry.