Li also held the 19th China-EU leaders' meeting with President of European Council Donald Tusk and President of European Commission Jean-Claude Juncker during his Belgian trip.
Li Yamin, an analyst with the BOC International (China) Co Ltd, expected fundamental changes to happen in banking finance services because of the upcoming new rules.
Lending costs could be further reduced by at least 0.1 percentage point following the central bank's announcement on Friday regarding the reserve requirement ratio, or the percentage of cash that banks must keep in their vaults, they said.
Lessons from Beijing-based team's defeat can benefit China at Asiad
Li Bohu, an academician at the Chinese Academy of Engineering, said entering the new age of intelligent revolution, countries should embrace the key technologies, such as IoT, artificial intelligence and big data, in a more innovative and open way.
Lending to the real estate sector is a key area for regulation, with over 30 banks punished for rule-breaking practices.
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Li Xiaojin, a professor at the Civil Aviation University of China in Tianjin, said direct flights between first-tier Chinese cities and second-tier foreign cities, as well as second-tier Chinese cities and top-tier foreign cities, are expected to grow rapidly in the future, given the significant demand for international travel in China.
Li Lingshen, president of China Nonwovens and Industrial Textiles Association, estimated that Chinese companies' daily production capacity of meltblown nonwoven fabric will reach 200 tons between the end of March and early April, therefore the nation is capable of producing between 200 million and 250 million face masks per day.
Li Guohan, director of Wuhan Civil Affairs Bureau, said every community has set up designated points to place daily supplies.
Letting individual buyers invest in local government bonds is a way to narrow the government's financing gap, said Hu Yijian, a tax professor at Shanghai University of Finance and Economics. The gap is expected to expand, as policymakers decided to cut about 2 trillion yuan in taxes and fees this year while at the same time increase spending on investment.