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"Egypt now has a golden chance for economic development, and the CBD joint project embodies both China's BRI and Egypt's Vision 2030 for future development," added the general manager.

"Despite the decline, China's services trade saw a largely stable trend in the first half. Services exports outperformed imports, with the services trade deficit narrowing by 46.1 percent from the same period of last year to 401.7 billion yuan," said Xian Guoyi, director-general of the ministry's department of trade in services and commercial services.

"Fearless Girl" is seen on the street in front of the New York Stock Exchange in New York, the United States, on Dec 10, 2018. [Photo/Xinhua]

"Despite the drop, the balance of forex reserves remains above trillion," he said. "In an increasingly open economy like China's, the current fluctuations in forex reserves and the currency rate are well within the reasonable and affordable range."

"Despite the fact smartphone shipments are slowing in China, 360 mobile phones still saw shipment growth," Li said.