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China's forex market is easily influenced by irrational expectations and spurred by inertia, due to a certain level of "pro-cyclicality," which distorts market demand and supply, and magnifies the risk of exchange rate overcorrection, the CFETS said in a statement.

China's consumption growth and e-commerce development contributed to a rise in consumer loans, which in turn fed consumption-related ABS issuance growth.

China's longest strop ropeway will be in full operation starting this April in Guangzhou, capital of Guangdong province, according to a statement released by Baiyun Mountain Scenic Spot, the ropeway operator, on Thursday.

China's hosting of a 17+1 cooperation summit in the first half of 2020, Wang said, testifies to the great importance Beijing attaches to the mechanism, and responds to the common wishes of the 17 European nations to further lift the level of cooperation.

China's national airline, Air China, has canceled some flights from Beijing to Pyongyang due to poor demand, but it has not suspended all flights there, it said on Friday night, denying a report by Chinese state broadcaster CCTV.