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Chinese startups raised just 3 million as of mid-June 2019, compared with billion for the same period last year, according to Reuters, citing data from PitchBook.

Chinese software service providers are tasting success in foreign markets thanks to their rich operating experience in one of the world's biggest and most competitive software markets, said industry insiders.

Citing the deadly stampede in Shanghai on Dec 31, 2014, where more than 30 lives were lost, and some 49 people suffered injuries after about 300,000 people gathered for New Year celebration, Liu said accidents often happened in economically developed cities in recent years.

Chinese stocks closed sharply lower on Friday, hours after major stock indices in the United States and Europe tumbled.

Chris Alonzo, president of Pietro Industries, a third-generation family-owned and operated mushroom farm, has partnered with a Chinese businessman to open a mushroom-growing facility in East China's Anhui province. He expects it to be operational by the end of this year and produce 17 metric tons of mushrooms daily in the beginning.