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The PBOC announced last month that it would cut the reserve requirement ratio (RRR) for some commercial banks by 50 basis points, expecting to release a total of 700 billion yuan into the banking system.

The National South China Seed Breeding Base will cover 6,666 hectares while another 1,000 hectares will be open as a core area for scientific research. The seed breeding "Silicon Valley", to be built with advanced standards, will combine scientific research, production, sales, scientific and technological achievement transformation and exchanges, with a prime goal to guarantee national food security.

The NIFD predicted that this year, China's GDP growth may reach 6.1 percent, within the government's targeted range, but it may slow to 5.8 percent in 2020. The country's GDP growth slowed to 6 percent year-on-year in the third quarter, the lowest quarterly expansion in 27 years.

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The NBS said the nonmanufacturing PMI improved to 53.2 last month, versus 52.3 in March, with a quicker recovery in the services and construction sectors.

The Organization of American States, or OAS, which monitored the elections, agreed, concluding there was "clear manipulation" in ballot counting and called for the results to be annulled.

The Office of Environmental Health Hazard Assessment, which implements the law, concluded there was no significant risk after a World Health Organization review of more than 1,000 studies and found inadequate evidence that coffee causes cancer. Further, it concluded coffee reduces the risk of some types of cancer.

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The Ministry of Finance, for example, has jointly worked with other government departments, as well as the Beijing and Shanghai municipal governments, to clarify specific reform targets and policies to improve the business environment in recent years.

The National Development and Reform Commission and four other ministries have jointly issued an implementation plan that outlined several key tasks for turning rust-belt cities into livable ones, the notice said.

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The NBS said the general PMI better synchronizes with the country's GDP movement, and is comparable from country to country.

The NIFA and the World Bank jointly launched the Global Center for Digital Finance in Hangzhou, East China's Zhejiang province. [Photo/IC]