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BEIJING  -- A new draft revision to the drug administration law, submitted Thursday to the ongoing bimonthly session of the National People's Congress Standing Committee for deliberation, has proposed new stipulations to better regulate pharmaceutical sales.

BEIJING -- Profits of China's three top mobile operators totaled around 32.5 billion yuan (about .59 billion) in the first quarter of 2020, with rising 5G subscribers.

BEIJING -- The total outstanding debt of China's local governments stood within the official limit at 25.58 trillion yuan (.84 trillion) at the end of September, according to the Ministry of Finance.

BMW had extended the term of the joint venture from 2018 to 2040, and said it will invest 3 billion euros to raise its annual capacity to 650,000 vehicles from the early 2020s, which will create 5,000 more new jobs.

BEIJING — China's economic miracle can be baffling for many westerners, as the country is often at odds with the traditional understanding of what socialism is, going against the grain of standard political and economic theory.