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China's A-share market began the last quarter of the year with a tumble, but managed to recover later despite continued losses on bourses in the Asia-Pacific neighborhood.

China's State-owned enterprises saw a 23.1 percent increase in profits year-on-year from January to July, the Ministry of Finance said in a statement on Thursday.

China will send six to eight new BDS-3 satellites into space this year, and the BDS-3 system is expected to be completed by the end of 2020. China started building the BDS-3 system in 2009.

China will introduce a "code of conduct" for outbound investment to provide better guidance on risks to companies investing overseas, after efforts to curb irrational investment have started to take effect, people familiar with the matter said.

China's FAI remained basically stable in the first eight months of the year thanks to robust investment in infrastructure.