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China's stock of breeding sows rose for the third consecutive month in December, up by 2.2 percent from November, the Ministry of Agriculture and Rural Affairs said on Wednesday.

China's top banking and insurance regulator issued draft rules on commercial banks' online lending business in May. The regulator affirmed the cooperation between banks and third-party institutions on offering online lending services to small businesses and gave specific instructions on how to promote sound development of this business model. Now that the policy is clear, banks and third-party institutions will make long-term arrangements accordingly, Bai said.

China's self-developed BeiDou Navigation Satellite System will see wider application in urban construction, as a State-owned enterprise plans to leverage the system to help build Beijing's subsidiary administrative center.

China's securities regulator in May vowed stricter regulation of securities firms and funds, warning that repetitive rule violations and illegal practices will lead to business suspensions and license revocations.

China, Boeing's largest market for the Max 8, has grounded all 96 of the jets operating in the country. The US is the second-largest market for the aircraft, with 72 of the planes in service, aviation and aerospace website FlightGlobal reported.