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The country is also willing to work with the international community in adhering to the principles of fairness as well as common but differentiated responsibilities. China will also safeguard the United Nations Framework Convention on Climate Change and the Paris climate agreement and work toward implementation, the premier said.

The concerted efforts made by the two sides to cope with the common challenges and develop win-win cooperation will add stability to an increasingly uncertain world, he added.

The country has emphasized the need to cut corporate and government debt, but "we've noticed that the consumer leverage ratio also needs lowering", Guo Shuqing, chairman of the China Banking Regulatory Commission, said on Friday.

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The concert by the Shanghai Symphony Orchestra was among the highlights this year, as listed by Cultural Whisper, an art portal in the UK. According to David Pickard, director of the BBC Proms, the festival features more than 100 shows every year, but no more than 10 orchestras from overseas are invited.

The congressional hearing came nearly a month after news broke that Cambridge Analytica, a data consulting firm with ties to President Donald Trump's campaign, accessed information from as many as 87 million Facebook users without their knowledge.

The country will continue to stabilize macroeconomic policies, market expectations and the financial market by sticking to its proactive fiscal policy and prudent monetary policy, taking forward-looking and effective macroeconomic regulation measures, and properly defusing risks, the premier added.

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The country will continue to lower the rates of value-added tax levied on the manufacturing sector and reduce its costs on production factors such as electricity and water, Minister of Industry and Information Technology Miao Wei told Xinhua in an interview.

The country wants to reduce the proportion of its power from nuclear energy to 50 percent by 2025, from the current 75 percent.

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The country is moving rapidly ahead in constructing a robust blockchain network, as President Xi Jinping highlighted the key role of blockchain technology in the new round of technological innovation and industrial transformation last October, urging more efforts to accelerate the development of blockchain technology and industrial innovation.

The country launched a green finance reform and innovation pilot program in five provinces in June last year, including Zhejiang, Guangdong and Guizhou. "The pilot program has achieved successful results, and some of the mature experiences can be extended to the whole country," the vice-governor said.