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Chinese Consul General in San Francisco Luo Linquan speaks at a reception on Monday night at the Consulate General to celebrate the upcoming Chinese New Year, which is on Feb 16. LIA ZHU/ CHINA DAILY

China's top banking regulator issued draft guidelines Friday, with the aim of leading banks to strengthen data governance to ensure the authenticity, accuracy and comprehensiveness of data for better risk management.

Chinese President Xi Jinping proposed the BRI in 2013, with the goal of connecting China with Asia, Europe and Africa via land-and sea-based infrastructure development.

China's top leadership vowed to pursue high-quality development at the 19th CPC National Congress last year. To that end, China will tolerate a moderately lower growth rate this year to focus on reform and financial regulation, Liu said. "It will continue to control shadow banking, cut corporate debt levels and tighten financing of local governments."

China's shopping center comprehensive index, a barometer to evaluate development and operation conditions for shopping centers in major cities, stood at 67.5 in the first quarter of this year, increasing 0.3 from the fourth quarter of last year, according to a report on China's shopping center development index released by MOC.