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The People's Bank of China, the central bank, said it will continually leverage the 1 trillion yuan (1.3 billion) quota of relending and re-discounting facilities for inclusive financing, to implement the newly-created monetary tools and make sure that the credit directly reaches the real economy, said the statement.

The People's Bank of China, the central bank, said on Tuesday that it will investigate and punish institutions and individuals that refuse to accept valid bank notes and coins and reiterated that it would protect the groups/individuals who find it inconvenient to use electronic or other noncash payment methods.

The RCEP, which covers nearly half the world's population and one-third of global trade, has made substantial progress in its negotiations this year, Li told about 500 participants at the 44th Singapore Lecture in the Southeast Asian city state.

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The People's Bank of China, the central bank, has kept the benchmark one-year lending interest rate unchanged at 4.05 percent from February's level. Instead, what the PBOC has done is cutting banks' reserve requirement ratios in a targeted approach and offering more relending to commercial banks. These moves aimed to ensure smaller businesses are able to gain necessary and affordable credit and prevent their cash flows from being disrupted by the economic damage caused by the epidemic.

The SARS outbreak occurred at a time when China had a much smaller impact on the global economy, Georgieva said.

The People's Bank of China injected 10 billion yuan (.40 billion) into the market through seven-day reverse repos at an interest rate of 2.2 percent after skipping reverse repos for 37 consecutive working days.

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The Professor and the Madman, an Irish drama film, is set for theatrical release in the Chinese mainland on Dec 24.

The Russian air control detected a target approaching the Russian border over the neutral waters of the Black Sea at around 12:00 p.m. Moscow time (0900 GMT) on Tuesday, said the statement.

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The RMB also demonstrated strength against other currencies. The CFETS RMB Index, which measures the yuan's strength relative to a basket of currencies, came in at 95.7 last Friday, rising from 94.85 at the end of December.

The S&P 500 declined 3.35 percent. The tech-heavy Nasdaq Composite fell 3.71 percent but remains up about 3 percent for the year. The S&P is down slightly in 2020.