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The country will also encourage no fewer than 50 economic development zones to build special platforms promoting coordinated development of small, medium and large-sized enterprises.

The continuing Wall Street rout has increased strains on the financial markets, and the Fed’s action suggests it may intervene in a manner not seen since the 2008 financial crisis triggered by the collapse of the subprime housing market, analysts said.

The consumer price index, a key gauge of prices for goods and services, went up by 2.2 percent year-on-year in the first half, 0.4 percentage point faster than the first quarter. Core CPI excluding the price of food and energy increased 1.8 percent year-on-year, 0.1 percentage point lower than that in the first quarter.

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The country will ensure domestic and foreign firms enjoy equal access to government assistance and rescue policies for companies in need to mitigate the impact caused by the COVID-19 outbreak, said Wang Shouwen, vice-minister of commerce, during a video conference in Beijing.

The country registered a 6.2 percent industrial output growth last year, compared with 6.6 percent in 2017.

The conference, themed "Shenzhen-Silicon Valley: Innovation Consensus", aimed to promote collaboration between Chinese and US companies in investment, science and technology innovation by leveraging Shenzhen's advantages in hardware and Silicon Valley's advantages in software.

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The conference, lasting until Thursday and the first of its kind in the field of energy and power sector for China and Africa, aims to build a platform for China-Africa cooperation on GEI and African Energy Interconnection development.

The country has continued region-specific, tiered and targeted approaches to shore up the work resumption of agricultural material providers, Xie Yan, an official with the Ministry of Agriculture and Rural Affairs, told a press conference Sunday.

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The contract for settlement in December 2020 closed 0.01 percent lower at 99.52 yuan. The contract for settlement in March 2021 closed 0.01 percent lower at 99.145 yuan.

The country has accelerated 5G development this year, expanding its network while encouraging a variety of 5G applications, he added.