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China's central bank has expanded credit resources for commercial banks, to boost lending to small-scale and private businesses, with the policy going in an opposite direction to some major economies' monetary tightening.

China would like the US to treat the bilateral ties in an objective and reasonable manner, abide by related promises and act in a way that maintains a healthy development of the relations, which is the correct choice to meet the interests of both sides and the whole world, Foreign Ministry spokeswoman Hua Chunying said.

China will definitely achieve its goal of national rejuvenation, Xi said, adding that the people are the cornerstone of the country's development.

China will lead a gradual U-shaped regional economic recovery, which will help anchor production and confidence in neighboring countries aided by the adoption of a wide range of stimulus packages to contain the novel coronavirus epidemic, the head of a leading international research organization told China Daily in an exclusive interview on Wednesday.

China's automotive market continued its downward spiral in June, which has prompted the country's leading industry association to downgrade its estimate to a fall of up to 5 percent from 2018.