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China's policymakers have rolled out a raft of measures to cushion the COVID-19 shock. In addition to pumping liquidity into the market and cutting interest rate, China's central bank announced a decision last week to cut the reserve requirement ratio (RRR) for small and medium-sized banks by 100 basis points in its latest effort to bolster the real economy amid the novel coronavirus outbreak.

Chinese Ambassador to South Africa Lin Songtian said the center would be crucial in deepening relations between China and South Africa, as well as the rest of the continent.

China's ranking on the Global Innovation Index released by the World Intellectual Property Organization jumped from 29th in 2015 to 14th in 2020, he said. The number of full-time R&D personnel in the nation grew from 3.76 million in 2015 to 4.8 million last year.

China's top envoy to the UN called on the international community "to seize this opportunity to take joint actions and move forward the global cause of poverty reduction" at an event marking the inauguration of the United Nations' Alliance for Poverty Eradication.

China’s first carrier rocket designed and built by a private enterprise was launched on Thursday morning from a test base in northwestern China.