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The country will also encourage industrial and commercial users to participate in spot-price trading of electricity to further lower prices, the commission said.

The conference, which began in 1997, is convened once in five years, and is widely considered to be effective in setting the tone for financial reforms.

The conference, lasting until Thursday and the first of its kind in the field of energy and power sector for China and Africa, aims to build a platform for China-Africa cooperation on GEI and African Energy Interconnection development.

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The country has stepped into the era of the "new normal" where GDP (gross domestic product) growth is measured and steady. The livelihoods of people have also benefited through increased employment, a rise in incomes and a slowdown in commodity prices.

The contract for settlement in December 2020 opened 0.04 percent higher at 100.06 yuan. The contract for settlement in March 2021 opened 0.02 percent lower at 99.61 yuan.

The country will improve rules to enable commercial banks to raise funds through multiple channels, including convertible bonds and other loss-absorbing debt instruments, according to the plan jointly issued by the China Banking Regulatory Commission (CBRC) and another four regulators.

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The concert was the curtain call for the China Now Music Festival (Oct 19-22), which also included two other concerts, at Bard College in Annandale-on-Hudson, New York last Friday, and Lincoln Center in New York on Sunday, with academic discussions held simultaneously.

The country's Energy and Mineral Resources Ministry also hopes to boost domestic and international investment.

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The corporation received orders totalling 1,000 carriages for the Mombasa-Nairobi Standard Gauge Railway in Kenya, a 480-km line operating from May 31.

The country has also extended the use of 5G technology in the ongoing battle against the epidemic. China's Ministry of Industry and Information Technology has urged telecom companies to optimize construction plans of the 5G network and fully utilize its role in stabilizing investments and spurring the development of the related industrial chain.