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Inflation will stay within a range set by the government this year, and trade frictions will have a relatively small impact on China's domestic prices, said Guo Liyan, a researcher with the National Development and Reform Commission (NDRC).

In this file photo taken on March 24, 2019 US President Donald Trump speaks to reporters at the White House in Washington, DC. [Photo/VCG]

Inflation-adjusted gold price is still lower than its record high in history, and the precious metal is still at the early stage of a cycle, according to a report by the World Gold Council on Thursday.

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In their battle against novel corona-virus pneumonia, which has infected over 90,000 people worldwide, many countries are looking at proactive measures to contain the spread, including a possible delay of the Tokyo Olympic Games, boosting national budgets or building temporary hospitals.

In total, 35 types of services have been streamlined to help Hong Kong and Macao residents and overseas Chinese reduce inconvenience when using such documents.

Industrial profits have maintained an upward trend, with improved structure and rising profitability reported by many firms, said He.

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Indonesia's Minister of Finance Sri Mulyani Indrawati said connectivity and cooperation are becoming valuable today with the sentiment of many countries "becoming more inward-looking". She expressed optimism that the initiative would bring economic growth to Indonesia.

In this regard, Kagwanja said the 40 African and 15 Chinese policymakers, diplomats and scholars who will present at the two-day virtual conference will explore innovative ways to boost China-Africa industrial cooperation and hasten the post-COVID-19 recovery.

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Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China and China Merchants Bank follow in the same order in terms of profitability.

In this context, European and Chinese diplomats should collaborate for the reform of major multilateral institutions. The marginalization of the World Trade Organization or of the United Nations at a time when they are most needed is a trend that has to be reversed.