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BEIJING - China's finance ministry said Tuesday that the country will waive income taxes for overseas investors trading yuan-denominated crude oil futures contracts.

BEIJING - China's foreign exchange reserves stood at .11 trillion at the end of May, down .23 billion from a month earlier, central bank data showed on Thursday.

BEIJING - China's output of over 100 light industry products including bicycles, batteries and furniture ranks first in the world, according to a report from the National Bureau of Statistics.

BEIJING - China's mobile data consumption more than doubled in the first five months this year despite the slower expansion of the telecom sector, official data showed.

BEIJING - China's economy has been optimized in both growth and structure guided by the five development concepts of innovation, coordination, greening, opening up and inclusiveness, according to economists.