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Industry insiders said with the saturation of local market demand and increase in raw material costs, stepping into overseas markets has become a new profit growth point for Chinese home appliance companies.

Infrastructure investment is expected to pick up slightly and grow at a moderate rate, becoming key for "stable investment", an assertion made on the basis of statistics from the National Investment Projects Online Approval and Supervision Platform.

Industries including pharmaceuticals, coal mining and textiles all reported faster growth during the two-month period, said the NBS.

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Industry experts said that the new regulation would likely target private groups and financial conglomerates funded by industrial capital.

Industrial conglomerate Honeywell has just registered a wholly owned subsidiary in Wuhan, Hubei province, as the company's headquarters for mass-mid segment business in China.

In western and northern Hunan, heavy rain triggered flash floods, damaging mountain roads and raising the risk of landslides, the provincial flood control and drought relief headquarters said Friday.

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Industry

Industry experts said aviation companies will see low load factors for a while, as it takes some time for demand to bounce back.

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Industry and legal experts said such policies will be effective in preventing juveniles from becoming obsessed with online games, but the implementation needs broad support from society.

Industrial Bank Co Ltd, a joint-stock commercial lender headquartered in Fujian, provided Qiaodan with traditional loans and a 230 million yuan bill discounting service, which was processed automatically.