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A six-kilometer path specially built for coal transport has been completed in northwest Takeshiken, the second largest port at the China-Mongolia border, as the import of coal from Mongolia picks up, local officials said Wednesday.
China's Ministry of Finance (MOF) said Wednesday that it will earmark 4.57 billion yuan ($703 million) for improving educational programs for the children of migrant workers living in urban areas.
Chinese officials and economists expressed concern about further uncertainty in the US economy despite the debt ceiling being lifted. Dagong Global Credit Rating downgraded US sovereign credit from A+ to A.
China has arrested approximately 2,000 suspects and shut down more than 4,900 businesses for illegal practices during a national campaign launched in April to crack down on illegal additives in food.
The European Union will extend anti-dumping duties on bicycles imported from China, and impose trade barriers on Chinese ceramic tiles, according to a document obtained by Xinhua on Wednesday.
The urban and rural income growths of 31 Chinese provinces exceeded that of the consumer price index (CPI), a main gauge of inflation, and 29 of these exceeded 10 percent in the first half of this year.
China's foreign crude oil dependency ratio recorded 55.2 percent, the first time exceeding that of the United States, the Ministry of Industry and Information Technology (MIIT) said on Tuesday.
Despite tightened liquidity, the growth of China's non-manufacturing sector rebounded in July, with an increase of the Purchasing Managers Index (PMI) for the sector, the China Federation of Logistics and Purchasing (CFLP) said Wednesday.
China's consumer prices will remain high in the third quarter with July's inflation figure forecast to be between 6 to 6.7 percent, according to analysts.
China said on Tuesday that local governments should use 10 percent of their funds raised through land transfer fees to boost education spending.
China's top banking regulator vowed to speed up the commercialisation of its numerous rural credit cooperatives to improve financial services in the country's vast rural area.
China will continue to diversify its foreign currency investments and strengthen risk management to minimize the impact of the global financial market's fluctuations on China.
