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China's interest in British research into the material was highlighted by President Xi Jinping's visit to the National Graphene Institute in Manchester during his 2015 state visit to the UK.

China's industrial profits increased in June by more than 10 percent year-on-year as the country continued to implement stringent pandemic control measures and policies promoting economic and social development.

China's major economic data continually moderated in August, mainly because of the increasing external headwinds, and more countermeasures are urged to offset the impact and stabilize growth, according to economists.

China's economy got off to a strong start in the first quarter, with GDP expanding at a higher-than-expected 6.9 percent year-on-year. The result, analysts said, has laid a solid foundation for the country to achieve its growth target of at least 6.5 percent this year.

China's economy continued steady expansion in the first half of this year with GDP up 6.9 percent year on year to about 38.15 trillion yuan (.6 trillion), data from the National Bureau of Statistics (NBS) showed.