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China's Silk Road Fund has an important role to play while at an early stage of the Belt and Road Initiative's implementation because it helps leverage additional funding from various sources, according to a vice-governor of China's central bank.

China will implement the 14th Five-Year Plan for Economic and Social Development starting next year.

China's central bank didn't follow some other central banks across the globe by lowering interest rates. Central banks in New Zealand, Thailand and India announced larger-than-expected interest rate cuts last week, following the US Federal Reserve's rate-cut decision, getting prepared for a worsening global economic outlook.

China's National Energy Administration announced a series of measures on Thursday aimed at securing the power supply. It said power-grid companies should optimize their operations, strengthen the maintenance of their power transmission and transformation facilities, and improve the capability of cross-region electricity allocation.

China will take over the presidency of the trilateral cooperation, he said, vowing to work closely with Japan and the ROK to cement trust and meet each other halfway to boost trilateral cooperation as well as regional integration.H Li congratulated the success of the recent inter-Korean summit between Moon and top leader of the Democratic People's Republic of Korea (DPRK) Kim Jong-un.