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Reduction of the debt burden will continue this year in China, and will be advanced by coordinating monetary policy tools and the much broader regulatory framework overseeing cross-sector financial behavior.

Recovery has also been seen in spending on services, including catering and accommodation, along with a rebound in cosmetics, jewelry and car sales, she said.

Reform and opening-up has proved a success in the modernization of the coastal city of Qingdao, in eastern China's Shandong province, Mayor Meng Fanli said.

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Recent monetary policy moves by the central banks in China and the United States have fueled a rally in the major stock markets in both countries. [Photo/Sipa]

Ralph Regenvanu, Vanuatu's foreign minister, also rejected the report on Tuesday. "No one in the Vanuatu government has ever talked about a Chinese military base in Vanuatu of any sort," he told Australian Broadcasting Corp.

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Reforms on agenda

Raids were conducted simultaneously on six Baizixuan foot massage parlors across Chaoyang, Dongcheng, Xicheng and Daxing districts at 10:30 pm on March 29.

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Recalling the meeting between President Xi Jinping and Japanese Prime Minister Shinzo Abe last month, Wang noted that Xi had stressed improvement of Sino-Japanese relations based on mutual trust.

Regarding the protection of rights, Pelosi, the president of the International Association for the Protection of Intellectual Property, said that the impression from abroad is that China is strongly committed to the introduction of new and increasingly stringent rules.