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China's M2 growth rate slowed to 8.2 percent in March, down from 8.8 percent in February and 8.6 percent in January. Yuan-denominated new loans also showed slower expansion in the first quarter compared with last year, according to data from the People's Bank of China, the central bank.

China will see an immense change after it accomplishes its poverty elimination tasks, it said, urging that poverty reduction work should center more on addressing relative poverty and become normalized.

China will step up guidance and oversight for Chinese enterprises that have gone global and bring standards to their investments and operations, he said. Chinese enterprises will also be guided to abide by local laws, regulations and international practices, he added.

China will continue to work actively on providing the African Union (AU) with military assistance worth 0 million and an additional million to help "Africa advance its Africa standby force and rapid reaction force and support Africa in its efforts to enhance its own peacekeeping capacity," he said.

China will extend repayment plans for personal mortgage loans and credit cards of people who temporarily lose their sources of income due to the novel coronavirus outbreak, said the China Banking and Insurance Regulatory Commission.