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In the second quarter, GDP rose 6.7 percent, slightly lower than the 6.8 percent in the first quarter but is well above the government's annual growth target of around 6.5 percent.

In the investment banking industry, US banks Goldman Sachs and Morgan Stanley announced in late March that they had received regulatory approvals to increase ownerships in their Chinese securities ventures to 51 percent. Goldman Sachs said it "will be seeking to move toward 100 percent ownership at the earliest opportunity".

In the past seven years, the number of Chinese students studying in the UK has increased from 120,000 to 190,000.

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In the report, Li said China will not set a GDP growth target for this year and will take a number of forceful financial measures to shore up the economy, which has been hit by the COVID-19 pandemic.

In the next stage, China will continue to fight a tough battle preventing financial risks, deepening supply-side structural reform in the financial sector, and promoting high-quality development of the banking and insurance sectors, said Zhou Liang, vice-chairman of the China Banking and Insurance Regulatory Commission.

In the latest development, the Minneapolis City Council voted to dismantle the city's police department, of which four former officers were charged over their involvement in the killing of Floyd.

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In the past, Hungary has been the largest exporter to China from the CEE region. Last year alone, Hungary's exports to China increased by 25 percent. And in the first five months this year, growth was up to nearly 38 percent, according to Gábor Székely, commercial counselor for the Hungarian Embassy in China.

In the past two years, the PBOC has mainly relied on open market operations and innovative lending facilities, including the standing lending facility and the medium-term lending facility, to manage market liquidity.

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In the past week, departments and ministries under the jurisdiction of the State Council, China's Cabinet, have responded to a number of public concerns, including a preferential tax policy, reform of the vehicle sales mechanism, smartphone safety, a national plan to make it easier for students from impoverished backgrounds to attend university and the replacement of business tax with value-added tax.

In the quarterly reports of the public mutual funds, many fund managers still showed optimism in the stock market, particularly in e-consumer stocks, said TX Investment Consulting.