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Average revenue and net profit of the top 100 enterprises reached 54.64 billion yuan and 6.9 billion yuan in 2019, respectively, up 24.2 percent and 19.5 percent year-on-year. However growth slowed down compared with 2018 – down 11.6 percentage points and 20.4 percentage points, respectively.

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Attracted by Hainan's growth potential and its convenient geographical location close to the economies of the Association of Southeast Asian Nations, a total of 23 central SOEs－including China Merchants Group, China National Machinery Industry Corp and China Railway Group－invested 35 billion yuan across Hainan in 2019 to establish regional headquarters, plants, ports, service sector plays, R&D facilities, the State-owned Assets Supervision and Administration Commission said.

Author: Prof. Engr. Zamir Ahmed Awan, Sinologist (ex-Diplomate), Non-Resident Fellow of CCG (Center for China and Globalization), National University of Sciences and Technology (NUST), Islamabad, Pakistan.

BEIJING - About 23 million people in 28 provinces had been affected by floods since the start of the flood season this summer, with 86 people dead and 13 missing, China's disaster relief authorities said Friday.