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Angola will present its first international public tender in Beijing on Sept 16 to grant diamond, iron and phosphate mining rights to Chinese investors for the country located in the western part of southern Africa.

An open-air live show performance is held Sanya Haitang Bay Paddy Field National Park, a rice theme park, Jan 24, 2018. [Photo provided to chinadaily.com.cn]

Andrew Heath, Imagination's chief executive, considered the acquisition a good one, as it would ensure Imagination an independent IP licensing business with strong growth prospects.

Analysts also warned of risks from fiscal deficits and trade frictions with the United States. Fully aware of the challenges, China's policy makers have rolled out a series of measures, reining in credit expansion and curbing overheated home purchases. Debt-ridden zombie companies are being dissolved and home markets are gradually back on track. "Risks are generally controllable," Chinese Premier Li Keqiang said at the Annual Meeting of the New Champions 2017, or Summer Davos, in the city of Dalian. "We are capable of fending off all kinds of risks and ensuring the economic growth stays in a reasonable range."

An uncompleted affordable housing project in Qingdao, Shandong province. [Photo/qingdaonews.com]