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Creation of the China-EU Co-Investment Fund will help to further develop synergies between China's Belt and Road Initiative and the Investment Plan for Europe, the so-called "Juncker Plan", the European Union's strategy to mobilize 315 billion euros of new public and private investment across Europe, according to the bank.

Consumers are expected to enjoy steeper discounts and better services, according to the statement.

Consumers buy vegetables at a supermarket in Handan, Hebei province. [Photo by Hao Qunying / For China Daily]

Coronavirus outbreaks at several US military bases in Japan are placing a new strain on relations between the two allies, as Japanese Defense Minister Taro Kono on Tuesday spoke of "problems "within the US side on prevention measures.

Contrary to waning demand for ATMs, mobile payments have been growing fast. Last year, banking institutions handled 60.53 billion mobile payment transactions in China with a total volume of 277.39 trillion yuan, increasing by 61 percent and 37 percent year-on-year respectively, the report said.