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Stressing the protection of market entities, the regulation demanded the government guarantee the business autonomy of market players, protect the personal and property safety of business operators and ensure equal access for all market entities to the country's favorable policies.

Studies tracking larger numbers of cases over time are needed to better understand the quality and durability of recovered patients' antibody response, she said.

Such efforts are expected to attract more overseas investors to China's financial market and promote the free flow of funds, Xu Zhong, director-general of the Research Bureau of the People's Bank of China, the central bank, said during a briefing on Friday.

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Strategy Analytics said the decline was led by what it called a "collapse" in the Chinese market.

Such efforts are just a sample of China Mobile's push to offer systematic solutions to improve city management. So far, it has already partnered with more than 300 cities in building such pilot projects.

Such moves are part of the nation's broader efforts of using standards to enhance the quality and safety of financial services. As of the end of 2018, 65 national standards and 247 industry standards in total have worked as guidelines for various industries in the finance sector.

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Subsidies for plug-in hybrid passenger cars will fall around 8 percent to 22,000 yuan.

Stiff tax bite

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Suan Teck Kin, executive director and head of research at Singapore's United Overseas Bank, agrees that China will be one of the few countries in the world producing a positive growth number for GDP this year.

Strong convective weather in southern parts of China will last till Tuesday, bringing heavy rain, strong winds and thunderstorms to the area, according to China's National Meteorological Center.