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China's securities regulator will put into place more market-based reform measures to support the medium and long-term growth of the equities market, including the launch of a science and innovation board in Shanghai as soon as possible.
China's reform will only get faster, and the country will only become more open, Geng said, citing a recent report of the Organization for Economic Cooperation and Development.
China's top-level policymakers held a meeting on Friday in which they said the country will use stronger macro policy tools to cushion the economic fallout. In the first quarter, China's GDP fell 6.8 percent year-on-year amid lockdowns, while indicators suggested a substantial recovery of business activities in March.
Chinese Foreign Ministry spokesman Wang Wenbin on Friday extended congratulations to Biden and Vice-President-elect Kamala Harris, saying China respected the choice of the American people. Wang told a regular press briefing that China understands the presidential election result will be determined following US laws and procedures.
China's shipbuilding sector experienced a strong momentum in the first three quarters of this year with growth in both completed orders and new orders, according to data released by the China Association of the National Shipbuilding Industry.
来源：资阳报