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CSRC will also emphasize the balanced development of both investment and financing. Stocks issuance, registration and market tolerance will be connected organically to avoid risks. "There will neither be a suspension of IPO approvals nor collective approvals," said the people close to the regulator.

COVID-19 control and prevention remains the priority, officials said, though measures are being taken to revive tourism. In late April, the Ministry of Culture and Tourism and National Health Commission released a notice requiring domestic attractions to limit attendance to below 30 percent of their daily maximum visitor capacity during the holiday.

CRRC Zhuzhou, a subsidiary of China Railway Rolling Stock Corp－the country's largest rolling stock manufacturer by production volume－said this is a breakthrough in China's heavy haul railway sector and a milestone in the country's self-innovation in equipment manufacturing.

Calling for "urgent action" by individual countries as well as the international community to eliminate extreme poverty, Malpass said the World Bank, for its part, "is financially strong" and is becoming "even more responsive, efficient, and effective."

CHENGDU - China and central and eastern European countries Monday established two centers in Chengdu, capital of Southwest China's Sichuan province, in a bid to promote cultural exchange between the two sides.