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China's insurance regulator said that Anbang would be overseen for a year by a group that included China's central bank, its securities and banking regulators, the country's foreign exchange regulator and other government agencies.
China's currency, the yuan, is convertible for trade purposes under the current account, while the capital account, which covers portfolio investment and borrowing, is largely run by the state in an effort to manage capital flows in and out of the country.
China's leading property developer Vanke posted a 24.9 percent year-on-year increase in net profit in the first half of the year. [Photo/IC]
China's economy delivered a solid start to the year with above-target growth. Its GDP expanded 6.8 percent year-on-year in the first quarter, unchanged from the previous quarter.
China's market for smart home products was worth 180 billion yuan ( billion) in 2018, according to a recent industry report from consulting website Qianzhan.
来源：资阳报