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The MLF rate is the price of loans that PBOC lends to commercial banks in the medium term. It was seen as the benchmark of the money market rates, which will decide the costs of companies' borrowing from commercial banks.

The Mekong-ROK summit followed the third Association of Southeast Asian Nations (c)-ROK Commemorative Summit that ran for two days through Tuesday in Busan to commemorate the 30th anniversary of dialogue relations between the ASEAN and South Korea.

The Ministry of Commerce said China aims to make more progress in talks regarding the China-EU bilateral investment treaty, as both sides exchanged market access offers during the 20th China-EU Leaders' Meeting, which concluded in Beijing earlier this week.

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The International Monetary Fund, the World Bank and the Organization for Economic Cooperation and Development have all made predictions for a deep recession in the global economy.

The Lujiazui area in Shanghai, East China. [Photo/Xinhua]

The Miami Herald?interviewed Nooyi last week, asking about her role in helping Connecticut attract Amazon’s “HQ2” and getting her thoughts on increasing the number of women CEOs — here was her answer on that, per the Miami Herald:

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The Made In China 2025 strategy is being promoted in an open and fair environment with equal treatment to domestic and overseas businesses, Li said, adding that China will not force any technology transfer from any foreign company. He said China will enhance efforts to protect intellectual property rights while severely cracking down on infringement, extending his welcome to more globally competitive businesses wishing to share growth opportunities.

The Ministry of Civil Affairs announced recently it will remove and further regulate fees charged on enterprises by national industry associations, which have already been disconnected with enterprises. The charges include membership fees, mainly paid by enterprises, operating and service charges, administrative fees and other payments.

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The International Monetary Fund cut its forecast on global economic growth on Tuesday to 3.7 percent for 2018 and 2019, 0.2 percentage point lower for both years than its April estimate, citing rising trade protection and the instability in emerging markets.

The IMF is scheduled to release updated forecasts of global growth next month and give details of the estimated impacts of tariffs imposed between the world's two biggest economies, Gopinath said.