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Chinese chip maker Yangtze Memory Technologies Co Ltd officially introduced its 128-layer flash memory chip on Monday, marking a key step in the country's efforts to grow its homegrown semiconductor sector.

Chinese insurance companies saw their premium income drop in the first four months of 2018 year-on-year, dragged down by the decline of the life insurance business due to stricter regulations, official data showed on Friday.

Chinese companies are looking to take share in the market for flexible display screens, which is surging because of the preponderance of electronic devices, experts said.

Chinese leaders Xi Jinping, Li Keqiang, Li Zhanshu, Wang Yang, Wang Huning, Han Zheng and Wang Qishan attended the ceremony.

Chinese overseas investment has become a principal engine of global foreign direct investment growth, Qian said. In 2018, China's investment in the overseas markets hit around 0 billion, creating 17 million jobs and contributing billion in tax revenues for host states.