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The Central Leading Group for Deepening Reform approved pilot reform for commercial use of collectively owned construction land in rural areas in 2014. In all, 33 counties nationwide, including Deqing, were picked as pilot areas in 2017.

The ChiNext Index, China's NASDAQ-style board of growth enterprises, fell 2.63 percent to 1,478.51 points.

The China Alcoholic Drinks Association forecast that within three to five years, craft beer market shares will expand three to five times from 1 percent now.

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The Chinese mainland is also Montana's second-largest export market after neighboring Canada. Montana's goods exports to China jumped 554 percent from 2006 to 2016 to 3 million, compared with only 50-percent growth to the rest of the world. Its services exports to China hiked 548 percent during the period to million in 2016, compared with only 81 percent to the rest of the world, according to the US-China Business Council.

The Chinese company has been ramping up investment in research and development over the years. In the past decade, it has spent over 100 billion yuan ( billion) in research and development. So far it has established five major research and development facilities, employing up to 20,000 engineers.

The Caixin/Markit PMI for manufacturing activity, released on Wednesday, stood at 49.7, compared with 50.2 in November, the first time it has slipped into contraction territory since May 2017.

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The Chinese Students and Scholars Associated of GIT have issued a warning to Chinese in the region to stay safe.

The Chinese embassy said the actions undertaken by the US are self-defeating and will directly harm the interests of US consumers, companies, and financial markets. They also jeopardize international trade order and world economic stability.

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The China (Shanghai) International Technology Fair, the only national trade fair for technology in the country, is jointly organized by the Ministry of Commerce, the Ministry of Science and Technology, the National Intellectual Property Administration and the Shanghai Municipal Government.

The China Council for the Promotion of International Trade (CCPIT) has issued 6,454 certificates as of Wednesday, covering a total contract value of 632.1 billion yuan (about .42 billion).