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China does not want nor need to depreciate its currency to gain export competitiveness, and the PBOC's moves to inject liquidity into the forex market aim to avoid irrational depreciation and market panic, Pan Gongsheng, head of SAFE, wrote in the latest edition of China Finance, a leading industry magazine managed by the central bank.

China has done its bit to help PNG deal with the pandemic, with batches of donations over the past few months that include 0,000 worth of medical supplies sent to Port Moresby as well as a commitment to work with the government on fighting the virus.

China has been upgrading the coal sector. Coal mines with an annual output of less than 300,000 tons would be closed, while large- and medium-sized modern coal mines would be approved for operation in an orderly manner, Li said.

China had deployed more than 410,000 5G base stations by the end of June and plans to build 500,000 new ones this year, according to the CAICT.

China had 151 million kilowatts of installed wind power capacity as of the end of the first quarter, up 13 percent year on year.