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As to the massive trade deficits with China, they are the result of the evolution of the global distribution of industries and global value chains. China, as a main manufacturer of staple commodities, especially consumer goods, has advantages in labor-intensive industries compared with the United States.

As representatives of developing countries, the Brics sent a clear message to uphold multilateralism and oppose unilateralism. They call on all World Trade Organization members to abide by WTO rules and stay committed to multilateral trade.

As the economy is becoming more efficient, industrial enterprises at national scale have gained a profit increase of 21.2 percent, growing 14.3 faster year on year, National Statistics Bureau confirmed on Aug. 28.

As the second biggest crude production base, the Bohai oilfield has so far produced 4.94 million tons of oil and gas equivalent, a year-on-year increase of 9.97 percent. Bozhong 19-6, with proven oil and gas geological reserves of approximately 300 million tons, is also undergoing improvements to ensure the gas field is put into operation this year.

As sales of Xiaomi and China Tower, which fall into the hardware and equipment sector, far exceeded those of other companies listed during the same period, the average sales of listed companies in the hardware and equipment sector were relatively high.