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Interest rates for both medium-term lending facility loans and reverse repos, the central bank's tools of choice for open market operations, rose 10 basis points. These higher rates reflect changes in the market without constituting a benchmark interest rate hike and do not signal any shift in monetary policy.

BEIJING, March 6 (Xinhua) -- China on Monday said it is opposed to the launch activities of the Democratic People's Republic of Korea (DPRK) that violates UN Security Council resolutions, and urged all sides to keep restraint.

He encouraged the two countries to speed up the negotiation and signing of an inter-governmental MOU on the Belt and Road initiative to better plan and guide bilateral cooperation so as to yield more fruitful results.

BEIJING, March 26 (Xinhua) -- China Merchants Bank Co., Ltd. announced that its net profit belonging to shareholders posted a solid gain last year, as the lender laid more focus on the quality of its business growth.

Yin added that starting from World War I, films have been part of the development strategy of the United States. China's new law protects intellectual property and encourages film-related merchandise and licensing. These gestures "reflect the important role of movies in China's overall development strategy," said Yin.