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The world's second-largest economy continued to slow in April, as industrial production registered the lowest growth in three years of 9.3 percent. Retail sales growth slowed to 14.1 percent from March's 15.2 percent, and export growth undershot expectations by falling to 4.9 percent from 8.9 percent one month earlier.

According to the current law on CPAs, foreign accounting firms can establish cooperative firms with Chinese counterparts under government approval. However, the practice does not correspond with how accounting firms are organized, according to a statement made Saturday by the Legislative Affairs Office of the State Council, the Cabinet.

"Historically, China and Europe got to know each other by trade and cultural exchanges, which have enriched our respective cultures," said Liao. "And I think the exhibition can remind us of the importance of strengthening cultural exchanges between Belgium and China nowadays."

The assets of the social security fund reached 868.84 billion yuan (137.91 billion U.S. dollars) at the end of last year, compared with the country's 10.8-trillion-yuan gross domestic product.

The Purchasing Managers Index (PMI), a preliminary readout of China's manufacturing activity, jumped to 53.1 percent in March, 2.1 percentage points higher than a month earlier, according to the China Federation of Logistics and Purchasing (CFLP).