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Liu Shangxi, head of the Chinese Academy of Fiscal Sciences, shared suggestions with the premier on accelerating reforms and reducing institutional costs, especially for businesses.

Liquidity was at a "relatively high level," which can offset the influence from factors such as maturing reverse repos, the People's Bank of China (PBOC) said on its website.

Liu added that the region not only is home to advanced global manufacturing and modern services, but also has strong support industries and a complete supply chain.

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Liu Jie, vice-president of the United States-based medical equipment provider Carestream Health Inc, said China has cut the number of sectors and businesses that are off limits for both domestic and foreign investors in the 2019 negative list for market access.

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Liu said the automaker was actively pushing forward its new energy vehicle strategy as well as smart mobility, adding that its autonomous mule car is conducting situation tests.

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Liu He, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and director of the General Office of the Central Leading Group for Financial and Economic Affairs, gives a speech during the Annual Meeting 2018 of the World Economic Forum (WEF) in Davos, Switzerland, on Jan. 24, 2018. [Photo: Xinhua]

Liu Yinmeng in Los Angeles contributed to the story.

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Liu Tiemin, former president of the China Academy of Safety Science and Technology, also noted that a monitoring system to supervise and control vehicles transporting dangerous materials in real time should be put in place.

Liu Shiyu, China's former top securities regulator, was under investigation for alleged violations of the law, according to a statement Sunday from the Central Commission for Discipline Inspection.