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China levies its withholding tax at a rate of 10 percent on foreign firms' earnings. However, that withholding tax can be exempted if that profit is put into qualified direct equity investments, including stocks.

China will continue to hold high the banner of peace, development, cooperation, and mutual benefit and uphold its fundamental foreign policy goal of preserving world peace and promoting common development. China remains firm in its commitment to strengthening friendship and cooperation with other countries on the basis of the Five Principles of Peaceful Coexistence,1 and to forging a new form of international relations featuring mutual respect, fairness, justice, and win-win cooperation.

China is willing to step up cooperation with the United States in climate change negotiations after the U.S. said it will stay in the talks although it has withdrawn from the accord, China's Special Representative on Climate Change Xie Zhenhua told a press conference.

China last Monday reported a faster-than-expected GDP growth of 6.9 percent in the first half of the year. Thermal coal and electricity consumption rose by 8.2 percent and 6.3 percent respectively in the first six months year-on-year, the largest increase in recent years, data from the National Development and Reform Commission show.

China is willing to work with the new German government to continuously push forward China-Germany relations and practical cooperation, Li said.