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The PBOC has reiterated its commitment to issuing prudent monetary policy and vowed against adopting flood-like stimulus in its efforts to expedite recovery in the world's second-largest economy. Its earlier targeted liquidity-boosting measures to shore up the real economy are already yielding positive results.

The PBOC is exploring blockchain applications in intellectual property transactions, as well as in interbank financial transactions, Li said.

The NDRC, together with local governments, will enhance supervision of these investments through a nationwide online platform, interviews and random inspections. It will also establish credit records on illegal overseas investment activities.

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The National Development and Reform Commission said a total of 3.84 billion yuan is earmarked for reducing poverty this year, with 90 percent going to Xinjiang, Tibet, Qinghai, Sichuan, Yunnan and Gansu.

The National Meteorological Center renewed a yellow alert-the second lowest in a four-tier color-coded weather warning system-for rainstorms at 10 am Wednesday.

The NDRC said it will enact key measures to rectify the rare-earth market order, improve management of the market, create a better business environment, make breakthroughs in key rare-earth-related technologies and crack down on violations of laws and regulations.

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The Ninth 10+3 Media Cooperation Forum opened on Monday in Boao, Hainan province, gathering around 100 media representatives to discuss new ideas and new focus for win-win cooperation in East Asia.

The National Meteorological Center forecast that heavy snowfall in the northeast and the eastern areas between the Yellow and Huaihe rivers would finish on Sunday, while the area south of the Yellow River would see a new wave of rain and snow.

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The Mombasa-Nairobi Railway, built with Chinese assistance and dubbed "a project of the century", has created nearly 50,000 jobs for locals and boosted Kenya's economic growth by 1.5 percentage points, he added.

The Office of the US Trade Representative said the proposed list of products subject to added tariffs is based on extensive interagency economic analysis and targets products that benefit from China's industrial plans while minimizing the impact on the US economy.