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China's policies that was put in place to stabilize the growth has led to recent appreciation of the RMB, and helped to ease capital outflows and foreign exchange reserve loss, Luis Cabeddu, IMF research department's division chief said at a press briefing on Friday.

China, long a major consumer of mined diamonds, now has a realistic chance to become a supplier of man-made ones and shape the industry, analysts said, but the scenario for substitution -- when consumers become indifferent to provenance -- is far from certain and depends on public perception.

Chinese President Xi Jinping meets with his Kazakh counterpart Kassym-Jomart Tokayev in Bishkek, Kyrgyzstan, June 13, 2019. [Photo/Xinhua]

China's top securities regulator, the China Securities Regulatory Commission, said it "strongly opposes" the proposed act as it has politicized securities regulation with content targeting China.

China's telecoms watchdog on Wednesday urged companies to regulate their collection and usage of customer data, amid a dispute involving the country's leading smartphone maker Huawei Technologies Co Ltd and internet giant Tencent Holdings Ltd.