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On average, every small and medium-sized bank will get about 100 million yuan from the RRR cut, which will save them nearly 6 billion yuan in financing costs. The RRR for more than 4,000 small and medium-sized depositary institutions will drop to 6 percent, a new low. The moves will further encourage commercial banks to increase credit to small and medium-sized enterprises, it said.

On Tuesday, the total trading volume of 11 listed iron ore futures contracts on the exchange was 942,414 lots, with a turnover of 80.79 billion yuan.

On Tuesday, China denounced a US government announcement that slapped tariffs on 1,300 Chinese products under Section 301 of the US Trade Act of 1974.

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On regional and global topics, Xi said Beijing "will continue supporting the integration process of Europe".

On his official visit, nations agree to boost exchanges, make railway a landmark project

On maritime issue, China and Laos called for relevant parties to reach agreement on a code of conduct in the South China Sea at an early date and jointly build the busy water body into a sea of peace, friendship and cooperation, said the statement.

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On a webinar organized by China Daily on Thursday, curator of Taipei Arts Festival Tang Fu Kuen said the pandemic may point to us what live theater could be like in the future and when the pandemic is over, comes the question: do we want to go back to the old ways?

On World Environment Day the plan is simple: Get out into nature. Enjoy the singing birds in the park or the rustling of leaves near your home. Discover the mystery of nature to better understand our urgent need protect it.

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On the one hand, any massive job losses, stagnant wages, shuttering of SMEs and even en masse elimination of certain business segments could threaten a downward spiral. On the other, questions could arise on the dependence on imports of all sorts－food, energy, medicine, medical supplies, expertise and what have you. Climate activists and scientists are now linking non-vegetarianism to global warming.

On social media platform Weibo, a topic with the hashtag "noodles for National Day" had received more than 15.8 million views as of Thursday, with nearly 8,000 people joining the discussion.