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In fact, despite the impact of COVID-19, the company's output and sales volume in March had already recovered to average levels seen in previous years thanks to concerted efforts in reducing costs and improving efficiency.

In addition, the size of the foreign-invested companies is much larger than their domestic rivals. Of the top 100 inspection and testing companies in China in terms of revenue, 21 are foreign invested, and their share of total revenues has been increasing steadily, the administration said.

In concert with the announcements on Oct 19, a statement released on the next day after a meeting held by the financial stability and development committee under the State Council, the cabinet, described the capital market as a "pivot" that could stabilize the economy for the first time.

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In demographic groups, the unemployment rate for Hispanics rose 12.9 percentage points to 18.9 percent. For whites, blacks and Asians, the unemployment rate increased about 10 percentage points each, the Labor Department said.

In an interview with CNBC, Neeraj Seth, head of Asian credit at BlackRock, said that Chinese bond yields, low inflation, strong credit data and central bank liquidity policy lead investors to see that the Chinese bond market has a high real yield, compared to near zero or negative yields elsewhere.

In early trading, Hewlett Packard's stock fell 8.42 percent.

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In an action plan released on Tuesday, the commission and ministry outlined a timetable for establishing the ETC system, which allows drivers to pass electronic tollgates on expressways without stopping.

In dollar-dominated terms, exports rose almost 9 percent year-on-year, while imports jumped nearly 15 percent. The data were far better than the 7.2 percent rise in exports and the 8.3 percent increase in imports in dollar calculation, predicted by analysts in a survey by Bloomberg News.

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In fact, it was the first time Beijing's PM 2.5 level went below 30 micrograms per cubic meter, data from the bureau showed.

In fact, consumer purchases remain the main driver of economic growth, contributing nearly 60 percent of China's growth in 2019, the National Bureau of Statistics said.