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China's Belt and Road Initiative is of great importance for Latin America. [Photo/VCG]
China's central bank will have more room to inject liquidity and lower the major interest rates to cushion any financial volatility and stimulate the economy, as domestic consumer inflation pressure eased and the global economy is predicted to suffer a deep recession this year amid the COVID-19 pandemic, economists said.
China will improve the supply of commercial insurance products for people aged 60 years and above by stepping up research and product innovation in this field. [Photo/IC]
China's Hubei province will set up a fund totaling 30 billion yuan (.4 billion) to vitalize emerging sectors, as rising capital is gathered to the province to accelerate local economic recovery and further high-quality development after the COVID-19 pandemic.
China would like to increase high-level exchanges with Indonesia and enhance alignment of the Belt and Road Initiative with the Southeast Asian country’s development strategies, Premier Li Keqiang said on Thursday.
