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China's mainland accounted for half of the top 10 global VC financings, the report said.

China's decades-long reforms and opening to the outside world represent a successful course of integration into the global economy, as the country benefits from the process of globalization.

China's new "dual-circulation" development pattern does not mean seclusion, but rather is aimed at a higher-level of opening-up with better utilization of the country's comparative advantages related to international value chains, regional developments and the domestic market, a senior economist said.

China's foreign trade surged 7.9 percent year-on-year to 14.12 trillion yuan (.12 trillion) in the first half of 2018, despite challenges to the world's multilateral trading system by protectionist policies by the United States.

China's largest coal miner and a coal-fired power giant are reported to be in merger discussions, as their listed units halted share trading on Monday.