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China's centrally-administered state-owned enterprises (SOEs) received more than 110 billion yuan ($15.7 billion) of social capital through equity transfers, new joint ventures and mergers during the first half of the year, according to the country's state-asset regulator.
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China Construction First Group Corp Ltd, a unit of centrally administered State-owned giant China State Construction Engineering Corp, is enhancing its ties with partners in Russia to ramp up innovation efforts in engineering work, as well as expand its presence in overseas markets.
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The number of Fortune 500 companies and industry leaders scheduled to participate in the third China International Import Expo has already surpassed that of previous editions, China Central Television reported.
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China's top economic planner has said that the country will enhance employment-first policies and improve policy coordination in the second half of the year to boost employment.
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China's economy will grow 2.5 percent this year, Bloomberg News has reported, citing the UBS Group AG that raised its forecast from 1.5 percent due to the recovery in domestic consumption and strong investment.
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China's top 500 companies saw their total revenue reach 50.5 trillion yuan ($7.21 trillion), up 11 percent on a yearly basis, over half of the country's GDP that broke through 99 trillion yuan last year, according to a list co-released by Fortune magazine's Chinese edition and China International Capital Corporation Wealth Management on Monday.
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French luxury jewelry brand Korloff will make its debut at the third China International Import Expo to be held in Shanghai in early November, displaying its signature 88-carat black diamond.
Source:Globaltimes, Xinhuanet, Chinadaily, Shine, Gdtoday,China Plus News
Author: Producer Emilio Mendez
Speaker: Caroline Parraguez
Edition: EAcham