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The Nasdaq Composite dropped 329 points, or 4.4 percent, to 7,108; the Dow Jones Industrial Average lost 608 points, or 2.4 percent, to 24,583; and the S&P 500 fell 85 points, or 3.1 percent, to 2,656.

The Ministry of Human Resources and Social Security has launched an online survey in an effort to improve services to job seekers.

The OS-X suborbital rocket, developed and made by OneSpace Technology in Beijing, blasted off at 7:33 am. It flew 306 seconds and traveled 273 kilometers through the atmosphere before falling back to the ground, the company said.

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The National Bureau of Statistics said output from China's high-tech manufacturing sector grew 8.9 percent year-on-year in the first quarter, with production of computers, telecommunications equipment and other electronics products increasing 9.9 percent.

The National Retail Federation predicted online sales would grow at least 30 percent for the season, to 8.4 billion.

The National Food and Strategic Reserves Administration has prepared emergency supplies worth 615 million yuan ( million) in 29 of its warehouses, Ye said.

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The National Oceanic and Atmospheric Administration (NOAA) declared the whale die-off an "unusual mortality event," a designation that triggers greater scrutiny and allocation of more resources to determine the cause.

The Ministry of Human Resources and Social Security holds a press conference in Beijing on Thursday.[Photo/mohrss.gov.cn]

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The National Bureau of Statistics reported that average home prices in Beijing fell for the first time in more than two years in June. It said Shanghai prices declined 0.2 percent month-on-month, while Shenzhen home prices stalled in June, and Guangzhou's grew 0.5 percent, which was lower than the 0.9 percent gain in May.

The PBOC still has enough room to further cut the RRR, broadly or in a targeted manner, to maintain a certain growth rate in broad money supply and stabilize the economy, said Ma. "The central bank can also strengthen its open market operations if required."