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The costs for custom clearance will also be reduced as authorities are required to make public a list of fees charged at ports before the end of this month. No additional fees can be levied in export and import procedures without approval from the State Council, the plan said.

The country is on the way reducing corporate costs by 1 trillion yuan (about 7 billion) this year.

The coronavirus outbreak in China could cause a "sizeable disruption" to passenger traffic, especially for operators in the Asia-Pacific region. An analysis of past epidemics such as SARS, the avian flu, and MERS indicated that "any effect on air transport would be temporary," the International Air Transport Association said.

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The counter-cyclical factor is expected to help stabilize the yuan at a reasonable and equilibrium level in the future. [Photo/VCG]

The connect will work by allowing companies listed on Shanghai and London’s respective stock exchanges to cross-list depository receipts on the other exchange.

The country's 22nd storm continues to blow away from the Philippines, packing maximum sustained winds of 65 km per hour with gusts of up to 80 km per hour, the state weather bureau said.

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The contract for settlement in March 2021 closed 0.14 percent lower at 99.49 yuan. The contract for settlement in June 2021 closed 0.12 percent lower at 99.37 yuan.

The country has launched the Center for International Knowledge on Development (CIKD), which is mandated to pool Chinese and international resources to advance research on sustainable development.

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The contest will be divided into three stages: the preliminary round, expert review round and final round. The winner will be awarded with certificates and opportunities to approach institutional investors.

The cooperation between banks and third-party institutions in the online lending business is an effective way to make loans more accessible for small and medium-sized businesses and reduce their financing costs, experts said.