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Rep. Mark Meadows (R-NC) speaks to reporters during on going negotiations over budget legislation to avert a potential federal government shutdown on Capitol Hill in Washington, Dec 21, 2018. [Photo/Agencies]

Reserves held in the US dollar fell to .62 trillion, and the US dollar's share, still the largest, dropped for the third straight quarter, reaching 61.69 percent of allocated reserves.

Research should be done to further clarify main policies in relieving Beijing of functions non-essential to its role as China's capital. Efforts should be made to extend high-quality educational and medical resources from Beijing and Tianjin to Hebei, narrowing the gap of public services, he said.

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Residents empty water from a pipe before moving it to another location for flood drainage in Mengjiaguan village in Shouguang, Shandong province, on Sunday. [Photo/Jinan Times]

Regulators made the revisions to encourage banks to raise capital-adequacy levels and increase loans to better support the real economy, said the China Banking and Insurance Regulatory Commission (CBIRC) in a press release.

Renminbi has become part of the ECB's foreign reserves, alongside US dollar, Japanese yen, gold and Special Drawing Right (SDRs).

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Rescue workers evacuate children in Mianning county, Liangshan Yi autonomous prefecture in Sichuan province, as the region was hit by heavy rains on June 27, 2020. [Photo/www.chinanews.com]

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Regarding this issue of China-US trade friction, China's stance has been very clear. China opposes any form of unilateralism and protectionism in trading. The US must withdraw its threats, said Gao Feng, spokesman for the Ministry of Commerce.

Researchers have designed a new nano tool, which could become a new way of mining blood samples for information about cancer, according to a study released on Wednesday by The University of Manchester.