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China's private and smaller industrial companies posted faster-than-average growth in industrial output during the first three quarters, an offical said Tuesday.

China's policies that was put in place to stabilize the growth has led to recent appreciation of the RMB, and helped to ease capital outflows and foreign exchange reserve loss, Luis Cabeddu, IMF research department's division chief said at a press briefing on Friday.

Chinese Ambassador Hong Liang pledged that China will join hands with Myanmar in the country's economic transitions as well as in the ongoing peace process of the Myanmar government.

China's policy of reform and opening-up in the past four decades has not only brought great social and economic achievements to the country, but also proved beneficial to the whole world, scholars said.

China's property development remains bullish this year despite tightening measures, and total real estate investment in the first 11 months has surpassed that of the whole of 2017, according to official data.