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The somewhat sudden adjustment echoed promises made by PBOC earlier this year to push forward market-oriented interest rates.

MOSCOW, Sept. 3 (Xinhua) -- As giant neighbors and emerging economies in the Asia-Pacific region, the win-win cooperation between China and Russia will promote prosperity in the entire region, according to Chinese Ambassador to Russia Li Hui.

Qu Hongbin, chief economist with HSBC China, said the rapid growth of the money supply shows that market liquidity is improving and the government's fine-tuning of its monetary policies has taken effect.

It is the first time for Chinese surveillance ships to patrol there after the Chinese government announced on Monday the base points and baselines of the territorial waters of the Diaoyu Islands and their affiliated islets, as well as the names and coordinates of 17 base points.

If the court returns a guilty verdict, Li's case will be the largest rouge trader scandal in China's securities history and demonstrates the dangers of a loose regulatory environment.