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China's history of industrialization and environmental degradation over the past three decades is well-known. Fast-paced development with a focus on exports generated massive pollution all over the country. What is unfolding is the ongoing cleanup effort. Since Chinese authorities declared war on pollution, the fight has been unrelenting.
China's efforts to curb financial risks are bearing some fruit as the overall leverage ratio has been controlled at a stable level, said Yi Gang, central bank governor.
China's digital economy was worth 27.2 trillion yuan in 2017 and accounted for nearly 33 percent of the country's GDP growth, according to the China Academy of Information and Communications Technology. The same year, 171 million people worked in sectors related to the domestic digital economy, accounting for 22 percent of the workforce.
China's consumer price index, a main gauge of inflation, grew 1.7 percent year-on-year last month, the lowest level in 19 months and down from 2.4 percent in August, the National Bureau of Statistics said on Thursday.
China's fuel retail sector is currently dominated by State-owned companies. According to Li Li, energy research director at ICIS China, a consulting company that provides analysis of China's energy market, most gas stations owned by non-SOEs see a much lower profit compared with the State-owned ones, due to poor brand visibility as well as ordinary location of their fuel stations.