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China's economy grew by 3.2 percent year-on-year in the second quarter of the year, versus a 6.8 percent contraction in the first quarter, driven by a number of improving economic indicators, the National Bureau of Statistics said on Thursday.

China's latest Cabinet reshuffle during the NPC session also signals its determination to ramp up pollution control efforts, said Wang, a leading expert on environmental law.

China's growing elderly population will require accommodation in facilities that support their medical needs and lifestyle, and a qualified workforce to care for them, all of which are in short supply.

China's overall property sales area increased by 7.9 percent year-on-year in the first 11 months of 2017, down from 24.3 percent for the same period of 2016.

China's official statistics show, however, Chinese investors made .27 billion of non-financial outbound direct investment in nearly 4,000 overseas enterprises in 152 countries and regions from January to July. It marked a 14.1 percent increase from the same period a year ago.