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The Chinese economy may be hitting the bottom rung of its growth cycle or will bottom out in one or two years, according to a leading academic and former top government advisor.

The Chinese mainland has 78 unicorn companies listed on US and Hong Kong bourses, and another 120 unlisted unicorn companies mainly in internet finance, automobile, hardware and entertainment industries, according to a report of GF Securities.

The Chinese companies at the exhibition covered specialties in bodywork, tires, batteries, braking systems and electrical harnesses.

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The Cabinet said after its executive meeting on Wednesday that China's shortage of medical workers, especially in public health, the treatment of severe cases and nursing, was brought to light by the pandemic, and more efforts must be made to reform and innovate the country's medical education system.

The Center for Food Safety (CFS) of the HKSAR government's Food and Environmental Hygiene Department said that in view of a notification from the World Organization for Animal Health (OIE) about an outbreak of highly pathogenic H5N6 avian influenza in Ben Tre Province in Vietnam, the CFS has instructed the trade to suspend the import of poultry meat and products, including poultry eggs, from the province with immediate effect to protect public health in Hong Kong.

The Cathay Dragon failure and other layoffs are not isolated incidents. They do not bode well for tourism and other sectors.

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The Chilean government on Thursday offered support for Brazil in the battle against the Amazon forest fires that set in more than two weeks ago. "We have the experience, we have very good technicians, professionals and forest guards, and we have to be very supportive with a country that is going through a bad moment," Chilean Minister of Agriculture Antonio Walker said.

The Chinese central bank is expected to maintain a "prudent" monetary policy stance, but move toward a relatively easing stance, said economists, after it posted a separate statement indicating an unchanged seven-day reverse repurchase rate for open market operations on Thursday.

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The Chinese economy expanded 6.4 percent year-on-year in the first quarter of this year, reaching 21.343 trillion yuan (.18 trillion), according to the National Bureau of Statistics (NBS).

The China Coast Guard said it will maintain pressure against such crimes and pay attention to uncovering some major and individual cases.