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Despite slowing investment, especially in real-estate, UBS Securities chief China strategist Gao Ting said strong growth in exports and improved domestic performance have sent the A-share market to new highs in the first eight months of the year.

Deng Guangsheng, head of the narcotics control department under the Shenzhen municipal bureau of public security, said police had intensified the fight against drugs since June last year.

Despite the current boom in the tertiary sector in many cities in China, it is uncertain whether those newly established businesses will stay on the track of sustainable development.

Despite being a relative newcomer compared to the United States and Japan, the Chinese animation industry has been developing fast in recent years. According to a 2019 report by market consultancy iResearch, the sector expanded from 171.2 billion yuan (.2 billion) in 2018 to 194.1 billion yuan last year, representing year-on-year growth of 13.4 percent. The market is projected to grow to 217.2 billion yuan by the end of this year, it said.

Despite an 8.2 percent fall from December, the figures marked an 11.6 percent growth from January 2017, said the association on Friday. Chen Shihua, an assistant to the association's secretary-general, said the double-digit growth was the result of a number of reasons including more working days in the month and a surge in sales of new energy cars.