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BEIJING - Ping An Insurance (Group) Company of China Ltd Thursday announced that its net profit rose 6.5 percent year on year to 43.4 billion yuan (.5 billion) in the first half of the year.

BEIJING - The central parity rate of the Chinese currency weakened against the US dollar for a fourth trading day in a row Thursday.

BEIJING - Many small and medium-sized enterprises (SMEs) in China have been held back from achieving their full potential by the hurdles they have had to navigate to obtain loans. Following lawmakers' second reading of a draft amendment to the law on the development of SMEs, which contribute the majority to the country's GDP and job creation, things are -- at last -- looking up. Panel discussions on the draft revision were held Tuesday on the last day of the bi-monthly session of the National People's Congress (NPC) Standing Committee. Generating about 60 percent of GDP and 80 percent of jobs, SMEs have emerged as important pillars that support both the economy and social stability, said Zhang Jingqiang, executive president of China Association of SMEs. "The revision is encouraging news for SMEs and will have a profound impact on the country's economic health," he added.

BEIJING -- A Chinese Foreign Ministry spokesman on Thursday reiterated that China's position on denuclearization of the Korean Peninsula is consistent and clear.

BEIJING - The tertiary sector has become the leading employer in China, official data showed.