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Deputies urge more policies for smooth flow of talent and funds

Despite mounting external uncertainties, Friday's data was the latest in a slew of economic barometers that point to resilience in China's broad economy which has won positive ratings from observers.

Deputy Prime Minister of Luxembourg Etienne Schneider called on Luxembourg companies to take the opportunity to "enter into business relations with our Chinese partners and for our Chinese partners to do business with Luxemburg companies".

Despite the moderation, the sub-index of service-sector business expectations, a gauge of companies' confidence toward the prospects of future operations, climbed 0.7 points to 59.8.

Despite Pudong's progress so far toward the goal of transforming Shanghai's financial character, greater convertibility of the renminbi and further efforts to build a rules-based business environment are still needed, experts said.