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The PBOC official noted that market sentiment worldwide has improved recently.

The NPC Standing Committee will formulate laws for Hong Kong to safeguard national security, national sovereignty and the interests of safe development in a bid to protect Hong Kong's long-term stability and prosperity and ensure the "one country, two systems" principle progresses smoothly and far, Li added.

The PLA should also actively contribute to the economic and social development in stationed areas to benefit the people with actions, said Xi.

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The Pakistani president also pledged that his nation will actively participate in the Belt and Road Initiative and promote the construction of the China-Pakistan Economic Corridor.

The NAES report suggested balancing deleveraging efforts with pro-growth measures with a proactive fiscal policy and structural cuts in banks' reserve requirement ratios.

The Ninth Straits Forum, the largest platform for people-to-people exchanges between the two sides, kicked off in East China's Fujian province on Saturday and will last a week. Composed of 21 major events, it focuses on youth exchanges and grassroots communications, as well as economic and trade communications. More than 8,000 delegates from Taiwan are expected to take part in the forum.

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The NATO allies have been at odds over Turkey's decision to procure the Russian S-400 missile defence systems, with Washington warning of sanctions if the deal goes through.

The National Office Against Pornographic and Illegal Publications said in a statement on Monday that it had launched a nationwide campaign to crack down on the harmful videos.

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The National Emergencies Act has been invoked 59 times without a single successful legal challenge, according to earlier media reports.

The PBOC plans to release the one-year loan prime rate (LPR) on Wednesday. The LPR is a newly established bench mark to better indicate the real lending cost to companies. Analysts expect a similar adjustment in LPR. The rate for the one-year fixing currently stands at 4.2 percent, while the five-year rate is 4.85 percent.