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China National Nuclear Corp will balance epidemic control measures with business operations to ensure full-year targets are met while technological innovation and safety will continue to be stressed, said a senior executive of the State-owned company.

China CITIC Bank Corp Ltd increased provisions for credit and other asset impairment losses by nearly 40 percent in the first half of this year, to improve its risk resistance capacity, in expectation for greater pressure on the asset quality of the banking sector.

China accounted for about one-fifth of Amorepacific's 6.78 trillion won (.84 billion) revenue last year, and a lion's share of its overseas sales outside of home turf. The shifting needs and preferences of local digital-savvy consumers found reflection in their product research and purchases done online.

China National Petroleum Corp, the State-owned energy giant, is planning to ramp up oil and gas output to more than 200 million metric tons of oil equivalent this year, while looking to raise the share of natural gas output to a record high of 50 percent.

China and Papua New Guinea should strengthen connection of development strategies under the Belt and Road framework and enhance cooperation in such areas as economy, trade, investment and finance, President Xi Jinping said on Friday.