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Commissioner says import duties violate WTO rules, threaten the world's economy

Competition in the vacation rental sector is also set to intensify as both domestic and foreign companies step up efforts to gain traction among Chinese millennial tourists. On offer are high-quality, personalized services, said industry insiders.

Compared with the US market, China's craft beer has great room for growth, the think tank says.

Conducted by China Securities Investor Protection Funds Corp Ltd, the survey found that confidence index stood at 58.6 in August, a new high since January 2016 and up 8.7 percent from last month.

Company owners from Guangdong, Jiangsu and Zhejiang provinces, where business activities traditionally remain vibrant, are most earnest in checking health conditions of employees, the report said.