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China's GDP growth slipped to 6.5 percent year-on-year in the third quarter. But its overall GDP growth in the first three quarters remained at a high level of 6.7 percent and it is set to achieve its preset GDP growth goal of about 6.5 percent for this year.

China won a total of 131 medals (5 Grand Gold, 46 Gold, and 80 Silver) compared to 78 medals in 2017 (4 Grand Gold, 33 Gold and 41 Silver) — an increase of 68 percent over the previous competition. The award-winning labels were produced in the Chinese wine regions of Ningxia, Xinjiang, Hebei, Shandong, and Beijing.

China will encourage its financial institutions to make interest concessions as appropriate to businesses and ensure that all fee-reduction measures are fully implemented, in an effort to ease corporate burdens and keep economic fundamentals stable.

China's .2 billion deficit in cross-border goods and services trading during the first quarter has also pressured the authorities, to some extent, to explore more ways to maintain balanced international payments, said experts. It was the first quarterly deficit in 17 years.

China will further cut taxes and fees to support private and smaller firms' financing, said Premier Li Keqiang on Friday.