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BEIJING - China is becoming an innovation-driven developing economy, and innovation, if continued, will help the country ward off the "middle-income trap", according to a recent HSBC report.

BEIJING - China's central bank remained firm on its monetary stance, but has nimbly managed the pace and strength of its policies to tackle structural problems.

BEIJING - China's high-tech manufacturing industry posted rapid growth in August, said official data.

BEIJING - Foreign direct investment (FDI) into the Chinese mainland rose 5 percent year on year to reach 60.12 billion yuan (.05 billion) last month, data showed Tuesday.

BEIJING - Chinese scientists have warned that the melting glaciers in the Qinghai-Tibet Plateau, known as the world's Third Pole, will cause a reduced water supply in coming decades, affecting billions of people downstream.