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The People's Bank of China, China's central bank, has completed trial runs on the algorithms needed for digital currency supply, taking it a step closer to addressing the technological challenges associated with digital currencies, according to a top official associated with the project.

The People's Bank of China has handed more than 25 payments companies at least 30 penalties worth a total of 46 million yuan since the outset of 2018, citing breaches in relation to customer rights, product advertising and protection of personal information.

The Seattle online retailer has brokered deals in recent years with a number of states to begin collecting sales tax, changing its hard stance on the issue. The move also comes as the company establishes more brick-and-mortar efforts across the country, including through its Amazon Lockers program.

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The Richard Nixon Foundation was a fitting place to celebrate the 40th anniversary of the establishment of diplomatic relations between China and the United States.

The People's Bank of China, the central bank, announced the decision in a terse statement on its website, saying the liquidity in the banking system was "at a relatively high level."

The RRR cut is aimed at improving targeted lending to certain segments of the economy such as small and medium-sized enterprises or SMEs, startups and agriculture.

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The Saturday attack comes as the Syrian government is holding the Damascus international trade fair not far from the airport.

The SCO's annual summit is held in alternating countries. China has hosted the summit three times so far, but this year is the first time it has come to Qingdao.

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The SAFE predicted steady growth of external debt as China's economic fundamental remains solid.

The People's Bank of China continued to skip reverse repos on Wednesday, citing sufficient liquidity in the banking system.