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The PTA futures are the third variety on the Chinese mainland open to overseas investment after crude oil and iron ore. It is also the latest move by Zhengzhou, capital city of Central China's Henan Province and a logistics hub with a population of about 10 million, to become a major international futures hub.

The NEV market, however, slightly cooled last year due to the new subsidy policy carried out in June. China's NEV sales in 2019 went down 4 percent to 1.2 million, said the China Association of Automobile Manufacturers.

The New International Land-Sea Trade Corridor is a trade and logistics passage jointly built by western Chinese provincial regions and Singapore under the framework of the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity, or Chongqing Connectivity Initiative (CCI).

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The Morgan Stanley logo is displayed on the floor of the New York Stock Exchange in New York on April 19, 2017.[Photo/VCG]

The PBOC could become more reluctant to deliver high-profile policy stimulus in coming months amid the consumer inflation and a risk of a wage-price spiral, unless inflationary pressure and expectation stabilize, said Lu Ting, chief China economist at Nomura Securities.

The National Library of China, which reopened to the public recently with a daily cap of 1,200 visitors after being shut down for months, required people to make real-name reservations on WeChat or by phone.

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The NDRC said it approved 20 fixed-asset investment projects worth 51.6 billion yuan (.5 billion) in May, mainly in the hightech and transportation sectors.

The NMC has advised people and vessels in at-risk areas to shelter from winds.

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The NDRC announced in March that China started to implement a registration-based system for the public issuance of enterprise and corporate bonds, scrapping an approval mechanism.

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