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China will finish building its first Mars simulation base in Northwest China for ecotourism and outdoor scientific experiments by 2020, but it won't be a scientific simulation base for future astronauts, a senior scientist said.

China's carbon intensity, a measure of how much carbon the nation emits per GDP, has declined by 4 percent in the first three quarters of this year, according to data from the National Development and Reform Commission, the country's top economic planner.

China will gradually replace the current approval-based IPO system with one based on registration.

China's GDP grew by 3.2 percent year-on-year in the second quarter, rebounding from the first quarter's contraction, according to the National Bureau of Statistics.

China's Minister of Commerce Zhong Shan said on Sunday that China has no intention of starting a trade war with the US, but added that the country can cope with any challenge and will defend its national interests.