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China's Vice-Premier Wang Yang delivering a speech at the 11th China-Northeast Asia Expo Opening Ceremony said: "Although China has run a trade deficit with several countries in the region, we do not engage in trade protection, and is willing to further expand our imports from these economies to meet diversified needs."
China's central bank, the People's Bank of China, took action late on Wednesday to lower the credit evaluation standards for financial institutions. The measure will allow more of them to deposit less funds in the central bank as reserve requirements, according to a statement on the PBOC's website.
China's central bank followed the Fed's rate hikes to lift the open market operation interest rate twice, in March and December last year, respectively. The moves were targeted to keep a relatively stable interest rate spread between the two countries and maintain a stable Chinese currency. It stood pat in June after the Fed's second hike this year.
China's attitude toward its relations with the US is clear and consistent, Le said, adding that despite differences between the two countries, they also "have extensive common interests and room for cooperation".
China's capacity cuts push forced companies like Yaojie Coal and Electricity Group to make reforms to lower costs and improve efficiency.
来源：资阳报