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Chinese dairy brand Yili has jumped five places to third in a new report that ranks the world’s top 50 food brands.

Chinese Vice-Premier Liu He, a special envoy of President Xi, talks to the media on Saturday after conducting "constructive consultations" with the US team in Washington on Thursday and Friday. [Photo by Zhao Huanxin / China Daily]

Chinese policymakers have recently reiterated their intention to effectively transmit the monetary policy and guide down the real lending rates for the corporate sector.

Chinese police by February had busted nearly 7,000 mafia-style groups and cracked 79,270 criminal cases, seized 851 guns and assets worth 62.1 billion yuan (.23 billion, according to a report issued by the Ministry of Public Security.

Chinese companies that are industry leaders have an increasing need to allocate resources and assets on a global level, and quick M&A approvals, especially removal of unnecessary administrative procedures, will help safeguard business secrets, and facilitate the implementation of international strategies, Song said.