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The central bank's announcement also clarified that "when it comes to resolution, the capital supplement bonds can be written down or swapped into equities".

The city of Yichang recently implemented a 2.5-day weekend on a trial basis in an effort to stimulate consumption and boost economic growth in the tourism sector, which has been deeply restrained by the novel coronavirus epidemic.

The change was announced during a meeting of the commission on Tuesday.

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The central government is looking to PPP, a collaborative investment model between government and private companies, as a way to fund infrastructure projects amid concerns over high local government debt.

The city's health commission said on Friday that 65 of the 263 people at the institution tested positive for the bacteria. The infected personnel, mostly laboratory researchers, were put under treatment and medical observation, it added.

The central bank has increasingly relied on open market operations for liquidity management, rather than cuts in interest rates or reserve requirement ratios.

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The city's economy posted its first annual contraction in a decade as growth dived 1.2 percent last year.

The central government on Sunday released a guideline on disinfection of frozen supplies, after a worker at a port in Tianjin tested positive for the virus.

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The center of US president Donald Trump's philosophy "America First" is bringing jobs back home, as he promised in his 2017 inaugural address "we will bring back our jobs".

The chamber and Standards Organization of Nigeria (SON), nevertheless, had some agreements to check influx of sub-standards products into Nigeria, he told reporters.