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The China-Laos railway has holed through around 50 tunnels so far out of its 76 tunnels with a total length of 198 km.

The Chinese government has been fully implementing the Constitution and relevant laws and regulations, introducing measures to protect the legitimate rights and interests of religious circles, it said.

The Chinese government will provide convenience and support for the work of the ambassadors, Xi said, adding that he hopes they will actively contribute to bilateral relations between China and their countries.

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The Chinese government has made economic deleveraging a top policy priority. Cutting the debt ratio of State-owned enterprises, accelerating the disposal of the zombie companies, and stabilizing the rise of economic leverage have been the short-term targets. This long-term goal is to improve corporate efficiency through market-oriented reforms.

The CSRC will facilitate Tokyo-based Daiwa Securities and New York-based investment manager BlackRock to establish new investment arms in Beijing, Yan said, citing that China's first foreign-controlled securities firm UBS Securities is headquartered in Beijing.

The Cabinet statement said the external environment has become more complicated and challenging, and the economy is faced with mounting downward pressure.

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The Changjiang Water Resources Commission issued a red alert for floods in the Poyang Lake area on July 10, and a day later Jiangxi province raised its flood-control response from Level II to Level I, the top level of China's four-tier emergency response for floods.

The Chinese economy is expected to hold up in the second half of this year cushioned by structural upgrades, as the government has the policy tools at its disposal to deal with domestic and external challenges, according to officials and economists.

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The China Economist commodity price index of the second quarter of this year is 135, 9 percentage points lower than last quarter, indicating that the increasing trend of commodity price levels will slow.

The China Securities Investor Services Center, the country's major investor protection institution, said it will bring public-interest securities class action lawsuits at a proper time.