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American businessman Peter Shiao had worked hard with his Chinese capital partners on an investment fund, and just as they prepared to announce it this year, China-US trade tensions escalated, forcing Shiao to make an abrupt change in plan.

Among the top 10 China's cities in GDP, cities in central and west still lead the growth rate, said news outlet yicai.com. Chengdu and Wuhan were in close competition with GDP of 1.53 trillion yuan and 1.48 trillion yuan, respectively, and both experienced an 8 percent year-on-year growth.

Amid growing concerns about the global economic outlook, geopolitical risks and the sporadic resurgence of the novel coronavirus epidemic, prices of the yellow metal have been rising as safe-haven buying continued to spur gold to greater heights. Gold prices hit ,944.68 per ounce on July 27, breaking the previous record of ,921.15 seen in September 2011. Prices have risen by about 25 percent so far this year, according to data from Shanghai-based market tracker Wind Info.

Amid criticism from Labor that women were "left behind" by the budget, Newspoll found that it was received more favorably by men than by women who were less likely to agree that they would be better off.

Amid the COVID-19 epidemic, more internet users have turned to online sources for recreation, leading to further growth in the number of internet audio-and-video users, the report said.