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Wang said China's law has similar provisions, so does the law of the other WTO members.

Wang Tao, chief China economist at Swiss bank UBS, said that more policy easing will occur in the coming quarters including a higher fiscal deficit, the issuance of special treasury bonds, more government spending in the labor market and healthcare system, and stronger infrastructure investment.

Wang made the remarks while meeting with his South Korean counterpart on the sidelines of a series of ASEAN foreign ministers' meetings in Manila.

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Wang said the option trading will strengthen the exchange's direct funding capacity and improve its asset allocation and risk management abilities.

Wang made the remark while attending a ceremony with Vietnam's Deputy Prime Minister and Foreign Minister Pham Binh Minh in the Guangxi Zhuang autonomous region to celebrate the 20th anniversary of the demarcation of the two countries' land boundary and the 10th anniversary of the erection of boundary markers.

Wang Zhibing, another chief engineer, said the company processed more than 400,000 cubic meters of excavated rock and used it in construction.

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Wang said the agreements will strengthen the CNPC's "growing relationship with ADNOC, and will help to meet China's rising demand for energy and contribute to asset portfolio optimization and profitability enhancement of PetroChina."

Wang mentioned a rapid increase in personnel exchanges and the remarkable progress in experts groups working on electricity, antimalarial medicine and medical services.

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Wang said automobile production and related sectors accounted for 10 percent of the country's tax revenues and employment, with one job created in the auto sector leading to the creation of another seven jobs in related sectors.

Wang highlighted the new measures, such as building a smart consumption ecosystem, saying it will help promote both industrial and consumption upgrades and foster high-quality development.