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The move was announced after a State Council meeting on Wednesday urged using RRR cuts as a tool to spur economic growth. Economists said the cut will help maintain market liquidity at an ample and reasonable level.

The move is to meet the rising demand of commuting after work resumption and encourage spring excursions to nearby destinations, it said.

The move will ensure their real financing costs will be reduced to 1.6 percent or lower," said Vice-Minister of Finance Yu Weiping.

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The monitoring work will be carried out backstage and does not require further information from citizens and enterprises, said the central bank.

The most spectacular pieces at the exhibition are from the era when lacquerware in China reached its second peak — the period spanning the Song (960-1279) and Qing (1644-1911) dynasties, she added.

The most active crude oil contract for August 2020 delivery closed at 298.9 yuan (.65) a barrel.

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The move addresses the large and growing number of financial and IP cases in Shenzhen, a front-runner in the country in terms of finance and technological innovation.

The move is an attempt to make the most of the unprecedented opportunities brought by China's latest development plan for the new energy vehicle sector, including the suppliers to the whole industry chain.

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The nation's medical rehabilitation industry remains at a relatively low level, due to lack of rehabilitation equipment, related hospitals and beds.

The moves are also expected to increase the global presence of mainland capital, besides offering the benefit of Chinese expertise to local bourses.