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China Central Television reported that Song, 40, a native of Heilongjiang province, established a reward system to attract coin buyers. His company also made use of social media to dupe residents.
China advocates free trade and also fair trade, the premier said. Problems arising from globalization and free trade should be treated in the perspective of long-term development and solved with further reforms and adjustments. However, fundamental rules of multilateralism and free trade should not be violated, he said.
China Petroleum and Chemical Corp reported a 19.15 billion yuan (.71 billion) net loss in first-quarter earnings, compared with 14.76 billion yuan net profits in the first quarter of 2019.
China Eastern was one of the first carriers to operate flights to and from Hainan, doing so in 1998. It now operates flights at three airports in the province, with 3 million passenger trips a year.
China and the US initiated talks in 2008 on a bilateral investment treaty, the signing of which will ease two-way investment procedures. The ongoing trade tensions have brought more uncertainty to its possibility of success.
