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China's refinery output went up 12 percent year-on-year in July, hitting the highest on record for any single month. It processed 59.56 million metric tons of crude oil, equivalent to about 14.03 million barrels per day, the National Bureau of Statistics said.

China, like its people, has a long memory. It has grown from a poor and weak country to become the world's second-largest economy. It has benefited the world in its development and is willing to share its growth opportunities with other countries. As the Chinese saying goes, "When you reap fruit, you should remember the tree; when you drink water, you should remember its source."

China, as reiterated by the authorities, will stick to its opening up policy and "going out" strategy for investment.

China's trade surplus continued to narrow last year, shrinking by 14.2 percent to 2.87 trillion yuan, compared with a 9.1 percent reduction in 2016, when the trade surplus was 3.35 trillion yuan.

China's technology giants Ma Yun, founder of Alibaba Group, and Ma Huateng, CEO of Tencent, have tied for the position as China's richest man two months after the COVID-19 outbreak, Hurun research institute reported on Monday.