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The market-oriented interest rate reform would target the signal conflicts and marching toward a mature system in the future, said Cheng. "A continuous interest rate marketization process, accompanied with an accelerating improvement of interest rate corridor efficiency, would inhibit the liquidity stratification (between the large and small banks) fundamentally."

The measures will help the country achieve the goal of completing nucleic acid tests for all residents who need them in five to seven days.

The ministry needs to draw lessons from the epidemic in a bid to improve its charitable governance capacity in responding to major public health events and huge catastrophic events, he added.

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The memorial service at the National Funeral Hall in Hanoi was attended by leaders and former leaders of Vietnam's party, state and government, including Vietnamese Prime Minister Nguyen Xuan Phuc and top legislator Nguyen Thi Kim Ngan, Vietnam News Agency reported.

The minister cited concrete numbers and facts to show why the Law of the People's Republic of China on Safeguarding National Security in the Hong Kong Special Administrative Region is justified, as well as the positive outcome of the de-radicalization measures in Xinjiang, adding that these policy measures are widely supported by the Chinese people.

The market's increase against the negatives has reflected the solid upside momentum of A shares, which is expected to continue into May, said Hu Yunlong, a Beijing-based private fund manager.

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The ministry has improved welfare of the severely ill or disabled by granting them an individual living allowance on top of their family plans.

The merger plan comes as China is looking to reform its State-owned enterprises (SOEs), among which energy sector is at center to steer away from the old growth model.

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The measures launched by the authorities come as China grapples with a dwindling birthrate, even though every couple is now allowed to have two children following the introduction of the second-child policy in January 2016.

The meeting of the two ministers in Putrajaya, Malaysia, was meant to ease the rising tension over maritime boundaries that started in October 2018.