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The filing certificate mechanism for imported cosmetics samples, which was adopted in March 2017, has largely facilitated the research and development of multinational companies in Pudong. The policy has also been referred to in other markets where L'Oreal operates, significantly influencing the Customs model for L'Oreal worldwide, Megarbane said.

The expanding consumption and services industries as well as increasing private investment in China will boost growth despite slowing investment in infrastructure and real estate in the second half of the year, on top of a financial deleveraging, said JPMorgan.

The fair, scheduled to take place from Sept 20 to 22, will continue to focus on poverty alleviation, a third time following the 2016 and 2018 charity fair, said the ministry at a press conference held in Beijing.

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The female cub weighed 128.2 grams and was born at 10:57 pm, while the male cub followed at 11:35 pm, weighing 160.2 grams, the Chengdu Research Base of Giant Panda Breeding announced.

The figure took the total local government bond issuance for the year to 4.96 trillion yuan by the end of August as authorities quickened bond sales as part of proactive fiscal policies to shore up the virus-hit economy.

The expo features museums and museum-related cultural enterprises, showcasing their history, progress and exchanges over the past decades. [Photo/Xinhua]

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The final game was viewed by over 21 million people on live streaming platforms.

The fair's double surges in export turnover and buyers attested to the effectiveness of Chinese foreign trade companies in business innovation and economic restructuring, according to industry insiders.

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The expenditure on R&D each year accounts for over 4 percent of its total sales and its R&D expenses reached 4.27 billion yuan (5 million) in 2016, according to the company.

The experts stressed that the agreement will be a locomotive for the global trade, investment and economic activities, which have suffered from acute recession and slowdown caused by the outbreak of the COVID-19 pandemic, accelerate the building of the Association of Southeast Asian Nations (ASEAN) economic community, and allow ASEAN to become dynamic and strong partners in promoting cooperation for shared prosperity.