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China's economic growth rate shot up in the second quarter fueled by government spending and bank lending, boosting hopes that the biggest emerging economy will lead the way out of the worst global downturn since the 1930s.

China's consumer price index (CPI), a main gauge of inflation, declined 1.7 percent in June from a year earlier, the National Bureau of Statistics said.

Foreign direct investment in China fell in June for the ninth straight month, but the decline narrowed, adding to signs of an economic recovery, the Ministry of Commerce said Wednesday.

China Eastern and Shanghai Airlines have tied the knot at the wishes of their respective parents, who have not only arranged the marriage but also laid down the ground rules for the couple's future.

While many industries are suffering under this year's cloud of economic uncertainty, China's fledgling but rapidly growing LED industry is proving a silver lining.