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The Chinese Commerce Ministry said last week that Chinese Vice Premier Liu He will visit the United States on Jan 30-31 for trade negotiations.

The Chinese government is expected to step up tax and fee reductions for enterprises as part of efforts to bring down the burden on the real economy. [Photo/IC]

The China Banking and Insurance Regulatory Commission (CBIRC) said last month that it had encouraged banks and insurance companies to increase funding to meet the financing demand of the real economy.

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The China Securities Regulatory Commission condemned Luckin Coffee's financial fraud on its official website on Friday.The country's top securities regulator vowed to resolutely crack down on securities fraud and protect investors' interests, according to the announcement.Listed companies should strictly obey the laws and regulations to disclose information in a true, accurate and complete manner.No matter where the company was listed, CSRC would investigate and crack down on fraudulent securities behaviors based on the law and international securities supervision cooperation arrangements, CSRC said. Luckin Coffee announced on Thursday that it had about 2.2 billion yuan (0 million) in fabricated transactions.The aggregated sales amount associated with the fabricated transactions was from the second quarter to the fourth quarter of 2019, according to an internal investigation.The figure has not been independently verified and is subject to change as the internal investigation proceeds.Certain costs and expenses were also substantially inflated by fabricated transactions during this period, the announcement said.The shares of Luckin collapsed as much as 81 percent on Thursday, the most within one day since its IPO on the Nasdaq Stock Market last May.The US-listed company Luckin Coffee, issuing securities via overseas regulators, registered in the Cayman Islands in June 2017.

The Chilean Ministry of Health reported 2,191 new cases of COVID-19 on Sunday. According to the Department of Statistics and Health Information (DEIS), in the last 24 hours, another 53 deaths were reported, bringing the death toll to 16,154.

The Chengdu airport, which is expected to come into service by 2021, will become the largest airport in Southwest China, with an expected capacity of 90 million passengers a year.

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The China-UK Innovation Industrial Park in Qingdao, the first sub-national cooperation park between our two countries, is making good progress.

The Chinese government launched its "toilet revolution" across the country in 2015 with an aim to make public facilities cleaner and better regulated.

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The Census and Statistics Department of the special administrative region said on Monday the city's GDP plunged 8.9 percent year-on-year in the first quarter. Tourism, one of its pillar industries, is one of the sectors worst hit by the pandemic's fallout.

The Central Economic Work Conference in 2016 set the tone for monetary policy as prudent and neutral for 2017, while striving to smooth monetary policy transmission channels and improving mechanisms to help maintain stable liquidity.