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China's official customs data showed that Little Swan exported more washing machines in both volume and value than any other Chinese washing machine maker in the first five months this year, said the report.

China's economic growth is within a reasonable range, but faces downward pressure, Cheng said. Greater tax reduction measures and administrative streamlining have been introduced to boost market vitality.

China's e-commerce giant Alibaba said on Monday that Singles Day sales on its online shopping platforms this year reached a record 213.5 billion yuan (.7 billion), which represented an increase of about 27 percent from 2017.

China's foreign exchange reserves rose for the second consecutive month in December to .07 trillion, generally maintaining stability amid increased fluctuations in global financial markets, according to data issued by the country's foreign exchange regulator on Monday.

China's gross domestic product expanded by 3.2 percent year-on-year in the second quarter, following a 6.8-percent contraction in the first quarter, the newly released data from the National Bureau of Statistics showed.