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The country had a boom decade from the exploitation of gas, supported by exports of minerals and soybeans, but has now recorded five years of deficits, Espinoza told China Daily. This year, the fiscal deficit is expected to be at least 8 percent of GDP, or about .5 billion.

The country has been held up as a global model in how to curb the virus and has rushed to contain new infections as life returns to normal.

The council aims to bring Chinese business leaders to global discussions on economic policy and protect the interests of the Chinese business community, according to the CCPIT.

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The construction of a museum on a cultural heritage site with more than 3,500 years of history, often referred to as "the earliest China", began on Sunday in the city of Luoyang in central Henan province.

The cooperation also helps traditional carmakers cut overcapacity and alleviate the two sides' operating pressure, Cui said.

The consumer drone market took off in 2015, but grew slowly, and seemed to reach the saturation point last year. Media reports said drone makers such as EHang and Zerotech had cut jobs and other costs, and sought to diversify.

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The conservative estimate seems to be gaining an upper hand after an autonomous Uber car killed a woman in the United States last month when she walked her bicycle across the street. It was the first fatal crash involving a self-driving car being tested.

The country produced 16 tons of saffron last year, according to the statement. Nearly 90 percent of saffron production is exported abroad.

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The contest attracted the participation of more than 50 global and domestic teams that were selected to make presentations to a full panel of industry experts and market leaders in China.

The corridor is a major pilot project under the China-proposed Belt and Road Initiative.