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The Italian ambassador described the two countries as good trade partners whose bilateral trade has been growing steadily.

The Jinzhong Zone will focus on developing dryland organic farming and aims to become a national demonstration area of healthy food, while the zone in Nanjing will be themed around green and intelligent agriculture, and become a leading area for innovative agricultural technologies in East China.

The July trade surplus stood at 463 million euros, 182 million euros more than that in the same month last year.

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The Libro.fm team.

The International Monetary Fund has further reduced its global growth outlook including the projection for China. It cited the risks of trade and technology tensions as well as the increasing likelihood of a no-deal Brexit, which it said could dent a global economic rebound.

The International Monetary Fund has projected a "deeper recession" for the world economy this year and a slower recovery for 2021, as it envisions far more severe damage from the COVID-19 pandemic.

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The M2, a broad measure of money supply that covers cash in circulation and all deposits, reached 167.68 trillion yuan at the end of December, up 8.2 percent from a year earlier or 3.1 percentage points down from a year ago, the People's Bank of China said in an online statement.

The Iranian-owned oil tanker Sanchi is on fire after colliding with a cargo ship off the Yangtze estuary on Saturday. [Photo/Xinhua]

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The MOF started selling yuan-denominated treasury bonds in Hong Kong in September 2009 to boost the region's economy and speed up the expansion of offshore yuan business. [Photo/VCG]

The June meeting will mainly hold discussions and make suggestions on promoting high-quality development of the manufacturing industry, according to the statement.