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As China's controls on real estate prices continue, some analysts are concerned that demand for many industrial products may soften, which would affect the sustainability of industrial profit growth.

As China aims to build a group of world-class, role-model SOEs that lead in high quality development, this move will boost the government's ability to further shift its role from managing SOEs to managing their assets and serving the real economy, said Li Jin, chief researcher at the China Enterprise Research Institute in Beijing.

Apple also unveiled its latest financial data on Thursday, beating analysts' expectations. Sales rose 17 percent to .3 billion, with profit coming in at .34 per share. Analysts expected revenue of .4 billion and earnings of .18 a share.

As China's biggest branded toy manufacturer, Alpha sold more than 100 million items at home and abroad in 2016, netting more than 1.93 billion yuan (1 million) from sales, up by more than 20 percent year-on-year.

As Esper left Washington on Saturday, US troops were continuing to pull out of northern Syria after Turkey's invasion into the border region. Reports of sporadic clashes continued between Turkish-backed fighters and the US-allied Syria Kurdish forces despite a five-day cease-fire agreement hammered out on Friday between US and Turkish leaders.