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The ministers also agreed on the major points on the Business Track, in which short-term business travelers will be subject to a controlled itinerary for the first 14 days, with the necessary public health safeguards. They tasked officials to finalize the agreement by early September 2020, with Singapore being amongst one of the first countries with which Japan will begin this exchange of business travelers.

The meeting between President Xi Jinping and US President Donald Trump over the weekend "bought valuable, though limited, time for themselves and the world", he said.

The market was not surprised by the US Federal Reserve's quarter-point interest rate cut on Wednesday, the second cut in two months, to ease the disruption of the continuing US-China trade dispute and offset the weight of a global economic slowdown.

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The media trip was sponsored by the Taiwan Affairs Office of the State Council and the All-China Journalists Association.

The ministry also said that a total of 346 people have been discharged from hospitals after recovery.

The ministry said it has asked Poland to brief China on the case through consular channels, arrange visits by consular officials and handle the case in a just way according to the law.

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The measure aims to encourage sustainable and long-term foreign investment in China and improve the quality of the business environment for foreign companies, the statement said.

The meeting also called for efforts to innovate in creditworthiness oversight and urge companies operating on sharing economy platforms to fulfill their responsibilities for ensuring safety and product quality.

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The memorandum deals with an international standard for small hydropower (SHP) development, and was signed on the sidelines of the ongoing second Belt and Road Forum for International Cooperation.

The minister emphasized that the pandemic has hit global economy hard, while the construction of the project has not been interrupted but has been speeded up.