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Despite the external challenge, Bank of China economists said in a report released on Thursday that as the effect of the country's supportive policies starts to surface, the world's second-largest economy may stabilize, with its GDP growth picking up to 6.3 percent in the second quarter from 6.2 percent in the first.

Despite a drop in the overall FDI, foreign investment in China's services sector, especially high-tech and modern service industries, continued its steady growth.

Design work for the Hainan Earth-Observation Satellite Constellation, a project headed by the Sanya Institute of Remote Sensing in Hainan and sponsored by the provincial government, has begun at the institute and by its contractors.

Despite the fact that gas production growth at China National Petroleum Corp and China Petroleum and Chemical Corp is set to surpass that of oil between 2018 to 2020 thanks to the development of shale gas, domestic production and pipeline imports won't be enough to satisfy China's growing gas appetite, resulting in continuous growth in natural gas imports, she said.

Despite the Trump administration's announcement on Tuesday of a second round of tariffs on 0 billion of Chinese goods, officials from both sides called for an end to the trade conflicts and encouraged constructive dialogue between China and the US.