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The model will hit the market later this year and then be exported to other countries and regions.

The narrow measure of the money supply (M1), which covers cash in circulation plus demand deposits, rose 3.1 percent year-on-year to 55.3 trillion yuan by the end of last month.

The move came after Huawei posted a 26 percent year-on-year growth in smartphone shipments in the first eight months of this year, despite the restrictions it faces from the United States government.

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The mountain floods also damaged 5 kilometers of road and five bridges, and inundated about 12 hectares of farmland.

The moves follow a drop in auto sales in the world's largest auto market. In the first 11 months of this year, China's auto market saw a sales decline of 1.7 percent year-on-year to 25.42 million vehicles, while output fell 2.6 percent to 25.33 million vehicles, the CAAM data showed.

The month-long WOW event features programs such as exhibitions, performances, workshops and forums, all of which celebrate women's achievements to inspire younger generations and explore the challenges that women still face today.

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The movie's visual effects were created by Weta Digital, a New Zealand company founded by The Lord of The Rings director Peter Jackson.

The nation's largest steelmaker China Baowu Steel Group announced on Friday that it will acquire a 51 percent stake in Taiyuan Iron & Steel (Group) Co Ltd (TISCO) as part of its efforts to become a global steel leader with an annual output of 100 million tons.

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The move brings the total number of blacklisted Chinese companies to 35. A recent executive order by the US president prevents US investors from buying these companies' securities.

The money was used to set up a fund to finance students in poverty and young teachers.