The Chinese currency renminbi is expected to stay strong against the US dollar in the short term, having risen 2.8 percent by the end of January and 6.3 percent in 2017, said Liu Gang, an analyst at China International Capital Corporation Ltd or CICC.
The Chinese mainland ranked in 57th in the latest global prosperity index, moving up by three places compared to the 2018 ranking, and eight places from 2009.
The Cabinet decided at the meeting, presided over by Premier Li Keqiang, that the country will continue the tax cut and exemption policies for businesses devoted to IC design and those in the software sector starting from tax calculation and collection for last year.
The China-US trade tensions and the nation's deleveraging moves could have also affected the stock-market sentiment, Li said.
The China Meteorological Administration said that rainfall will subside in western and northern areas of Sichuan, where most of the mudslides occurred.
The Chinese economy is entering a new stage of medium-paced growth after rebounding last year, according to a senior economist. It is a stage that could be exposed to major risks brought by accumulated local government debt driven by unbending investment impetus, the economist said.
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The Chinese government has never supported any company in conducting activities that undermine the security interests of other countries, he said.
The Chinese fashion designer Yang Jie is well known for his works, such as his design for torch relay bearers' clothes for the Olympic Games in Beijing in 2008 and the clothes for the pilots of the Chinese Air Force's August 1st Air Demonstration Team in 2009.
The CWTW and Nepal's People's Energy Limited signed a Memorandum of Understanding (MoU) to develop the 48.8 MW Khimti-2 Hydropower Project located at the border of Ramechhap and Dolakha district in province 3, 198 kilometers away from capital Kathmandu, the Nepali company said in a press statement.
The China Academy of Aerospace Aerodynamics is the country's largest exporter of military drones. Its CH series have been sold to militaries in more than 10 countries, making it the largest military drone family the country has exported, according to the academy.