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China's central bank, the People's Bank of China, announced a cut in the reserve requirement ratio by 1 percentage point on Friday, freeing up 6 billion capital for lending.

China will stick to market-based principles while promoting debt-to-equity swaps to tackle debt problems of companies, an official of the nation's top economic regulator said on Wednesday.

China would like to boost cooperation with Albania by exporting its high-quality agricultural goods and building a demonstration center for agricultural machinery, said Premier Li Keqiang after meeting with Albanian Prime Minister Edi Rama Friday in the Bulgarian capital of Sofia.

China will upgrade its mass entrepreneurship and innovation campaign to strengthen employment, promote technological innovation and stimulate industrial growth, attendees at the State Council's executive meeting presided over by Premier Li Keqiang decided on Thursday.

China's central bank still has no timetable to officially issue its digital currency, while it will continue to push forward the ongoing trials, focusing on the research of relevant policies and potential influences, according to a report from the People's Bank of China on Friday.