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By the end of May, outstanding local government debt reached 19.9 trillion yuan, below the official ceiling of 24.08 trillion yuan set for the year.

By innovating institutional mechanisms, ensuring the power of law and benchmarking internationally advanced levels, China will create a stable, fair and transparent environment for the investment and development of various market entities, said a senior executive from global consultancy KPMG.

CARACAS－Venezuelan President Nicolas Maduro proposed on Saturday holding early elections for the National Assembly as a possible solution to the country's political crisis.

By the end of April, China's total outstanding social financing rose 10.4 percent year on year to 209.68 trillion yuan.

CDs are tradable deposit agreements that allow the market to play a central role in deciding the interest rates of financial products.