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China added 11.93 million urban jobs in the first 10 months of this year. The jobless rate in urban areas was 5.1 percent in October, down 0.1 percentage points from the previous month, the National Bureau of Statistics said last month. In November, the country's official manufacturing purchasing managers' index rose to 50.2 percent, while the PMI for the nonmanufacturing sector increased to a seven-month high of 54.4. A PMI reading above 50 indicates expansion.

China Poly's operating revenue exceeded 300 billion yuan (.58 billion) in 2018, while its total profit amounted to 40 billion yuan. The group's total assets exceeded 1 trillion yuan by the end of last year, ranking 312th among the Fortune 500.

China Central Television released its list of China's 10 best cities to live in for 2019 and 2020 on July 6, including Shanghai, Changsha, Changchun, Beijing, Qingdao, Kunming, Jinan, Haikou, Shenzhen and Xiamen. The rankings are in Chinese character stroke order.

China and the Philippines should speed up negotiations of the Code of Conduct in the South China Sea, Wang said, adding that China welcomes all constructive opinions within the framework.

China Merchants Bank Co Ltd, a joint-stock commercial lender whose total assets reached 7.19 trillion yuan, posted a decline in its NPL ratio by 12 basis points from the end of last year to 1.24 percent at the end of June.