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China will make greater efforts to improve living environments in rural areas to reduce the gap with urban areas as it carries out its rural rejuvenation strategy, a top agricultural official said on Saturday.

China's GDP growth next year is expected to be stable at 6.3 percent, despite headwinds, according to the Chinese Academy of Social Sciences, and economists suggested that the country should continue to press ahead with structural reforms to boost growth.

China will impose a 25 percent tariff on billion in imports of goods from the United States on Aug 23, the latest countermeasure to defend its legitimate interests and the multilateral trading system, the Ministry of Commerce announced late on Wednesday.

China's banking and insurance regulator issued draft rules on commercial bank's online lending business on Saturday, in an effort to satisfy the financing needs of residents and small businesses and reduce financial risks.

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.