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China's moves to expand foreign companies' investment options will accelerate the upgrade of the country's economic structure and encourage many domestic businesses to deepen reform and break their monopoly operation, experts said on Thursday.

China's local films were a highlight in the Chinese film market in 2018, according to the report released Thursday at the ongoing Shanghai International Film Festival.

China's economy maintained steady growth and a positive outlook this year, with many bright spots emerging, including markedly improved corporate profits, said Bai Chongen, a Tsinghua University professor and member of the central bank monetary policy committee, at a forum.

China's gaming sector showed signs of a strong rebound during the past year, as the highly lucrative market generated revenues of 233 billion yuan in 2019, up 8.7 percent year-on-year.

China's oil import from Oman rose by 5.15 percent month-on-month in June, remaining the biggest buyer of Omani oil.