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Large commercial banks, joint-stock banks and major city commercial banks that lend heavily to the real economy and meet macro prudent requirements can apply for the TMLF, which has a maximum maturity of three years and an annual interest rate of 3.15 percent, 15 basis points lower than the existing medium-term lending facility (MLF).

Last year, Santa Claus Hotels in Finland accommodated 6,500 Chinese visitors, a 20 percent year-on-year rise. "We have learned how to cater to Chinese tourists' needs," said Jussi Perkkio, director of sales at the group's hotels, which accept both UnionPay and Alipay.

Last year, Luckin Coffee completed its two financing rounds worth 0 billion with investors including Singapore's sovereign wealth fund GIC, Joy Capital and China International Capital Corp Ltd.

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Larry Kudlow, the new director of the White House National Economic Council, told NBC News that it’s possible that US President Donald Trump’s tariffs are a negotiating tactic and won’t actually take effect. “Yes, it’s possible. It’s part of the process,” he said.

Last December, the ensemble signed with Universal Music China.

Last month, the International Monetary Fund said it expected global trade to decline 11 percent this year. The World Trade Organization (WTO) projected a decline of 13 percent to 32 percent. The decline would be felt worldwide, but would hit Asia and North America the hardest.

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Last month, the CSRC also approved BlackRock Financial Management Inc, a New York-based investment management firm, to establish a wholly-owned mutual fund management company in China. The new Shanghai-based company has a registered capital of 300 million yuan ( million). Its business scope includes mutual fund management, fund sales and handling private assets.

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Last month, China's tax revenue registered slower growth, increasing by 3.7 percent to 1.61 trillion yuan (0 billion) compared to the same period last year.

Last year, China-US trade was valued at more than 0 billion, and Li said it was achieved using business rules and market principles.