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China's real estate investment increased by 9.7 percent year-on-year in the first 10 months this year, according to the National Bureau of Statistics.

China's well-developed high-speed railway and e-commerce networks are perfect infrastructure for small-town youngsters to travel, work and check the product information via their smartphones. Through this option, they achieve information equivalence. Consequently, a bottle of wine shipped from France at 5 euros (.55) can no longer be sold between 300 yuan (.5) and 500 yuan in China.

China's year-on-year GDP growth reached a higher-than-expected 6.9 percent in the first quarter and is widely expected to be 6.8 percent for the second quarter before easing mildly in the coming quarters.

China's securities regulator said on Friday that China will build first-class investment banks by backing securities firms to replenish capital in different ways and undertake mergers and acquisitions.

China's three major telecom operators-China Mobile, China Telecom and China Unicom-said they are studying the directive to determine the best implementation measures going forward.