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Wang Menghui, minister of housing and urban-rural development, said at a media briefing on Sunday that authorities will keep anti-speculative, city-specific measures consistent and will not loosen controls against speculation.

Wang also attended a separate meeting held later on Friday — the annual East Asia Summit foreign ministers' meeting, which brings together dignitaries of 18 countries — all 10 ASEAN members, China, Japan, ROK, the United States, Australia, New Zealand, Russia and India.

Wang made the remark at a press conference on the sidelines of the annual meeting of the National People's Congress, the nation's top legislature.

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Wang Lixin, managing director for WGC's China operations, said China's gold-backed ETFs have contributed a major part of the 14.3 tons growth of Asian-listed funds in that year's third quarter.

Wang Jun, vice-president of China Railway Rolling Stock Corp, the country's biggest train manufacturer by sales revenue, said infrastructure projects in railway sector this year will create opportunities for the application of the group's 400 km/h conventional trains and maglev (magnetic levitation) trains with a designed top speed of 600 km/h.

Wang Zihao, a member of the CPPCC National Committee, said the proposed changes, such as requiring officials to take an oath to the Constitution when assuming office, are to meet the needs of new situations, and the amendment will contribute to the country's long-term development.

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Wang expects the slower credit growth and higher funding costs to have a more notable impact on growth this year than in 2017.

Wang oversees the segment launched by Alibaba back in 2014, which aims to increase trade between the country's remote regions and urban areas. Currently, about half of China's more than 1.3 billion residents live in the countryside.

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Wang Ying in Shanghai contributed to this story.

Wang cited a Chinese saying – "Common effort and wisdom make success"-- in addressing a global conference on taxation and sustainable development goals. With that in mind, Wang unveiled goals that he said his agency will pursue to align tax policy to promote sustainable development in China.