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The move signaled the abandonment of a gradualist approach to reducing inflation by the market-friendly president, who was elected in 2015. "We must move a lot faster," Marci said in a televised address.

The move is "the first practical step for national reconciliation and unity", the KCNA quoted Kim as saying. "It is ... a process in which the north and the south turn their different and separated things into the same and single ones."

The movie will screen in Venice on Sept 6.

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The multinational maker of solar panels and cells expects to start manufacturing at a new factory in Jacksonville, Florida by the fourth quarter, and production will not be affected by the latest US tariffs on Chinese products, a company executive said on June 19.

The move meant a net cash withdraw of 20 billion yuan (.9 billion) from the market as previous reverse repos matured on Tuesday. The 12-day suspension has led to a total of 450 billion yuan being drained from the banking system.

The motion has caused huge concerns from and strong response from the government.

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The move marks an accelerated push by China in 5G application. Its previous plan was to commercialize the technology in 2020.

The nation's macro leverage level, or the total debt-to-GDP ratio, is likely to rise continually, and the task of the macroeconomic policies is to keep the ratio stable, the People's Bank of China said. Ideally, the policies should strike a balance between economic stability and risk prevention to leave room for long-term, sustainable growth, PBOC Governor Yi Gang said in an article written for the magazine run by the country's forex regulator on Sunday.

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The move aims to tackle the growing demand for daily necessities, especially in large and medium-sized cities, which are facing difficulties due to the novel coronavirus outbreak, extended holidays and migration to cities, the document said.

The move followed a similar operation of conducting 100 billion yuan of seven-day reverse repos on Thursday. The interest rate for the operation remained at 2.55 percent, the PBOC said in a statement.