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China's leadership has explained the "new development paradigm "as a model that shifts economic growth drivers from factors of production to innovation, and from investment alone to both consumption and investment.

China's industrial development is expected to rebound in the second quarter but still needs some time to get back on track due to the COVID-19 pandemic, according to the country's top industry regulator on Wednesday.

China's leading chronic disease management platform, Medlinker, on Tuesday launches a charity program for AIDS control and prevention. [Photo provided to chinadaily.com.cn]

China's first free trade zone was set up in Shanghai in 2013. The country added four more FTZs in the coastal provinces of Fujian and Guangdong and the inland provinces of Shaanxi and Sichuan.

China's international trade surplus in goods and services stood at 243.9 billion yuan (.4 billion) in June, official data showed.