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China's financial regulators have recently strengthened oversight and issued stiffer punishments to remedy shortcomings and promote efficiency.
China's nonfinancial outbound investment plunged by 45.8 percent year-on-year in the first half to .19 billion, according to the Ministry of Commerce.
China's mobile phone shipments reversed the downtrend over the past five consecutive months, surging 6.7 percent year-on-year in April and amounting to 36.53 million units, according to data from the China Academy of Information and Communications Technology.
China's iron and steel industry reported profits of 470.4 billion yuan ( billion) in 2018, surging 39.3 percent year-on-year, while crude steel output grew 6.6 percent to 928.26 million tons, according to the National Development and Reform Commission.
China's economy is predicted to expand 6.7 percent in the first half of 2018, according to a report released by the international financial research institution with the Bank of China.
来源：资阳报