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China's central bank has expanded credit resources for commercial banks, to boost lending to small-scale and private businesses, with the policy going in an opposite direction to some major economies' monetary tightening.

China's IC industry has seen an average compound annual growth rate of more than 20 percent. In 2019, the country's IC industry reached a size of more than 700 billion yuan (3.1 billion), up by 15.8 percent year-on-year, said Yang Xudong, an official with the Ministry of Industry and Information Technology.

China will strengthen its national innovation system and speed up building itself into an innovation-driven country to foster the country's development and a better life for its people, Premier Li Keqiang said. Li spoke in a video message of congratulations at the opening ceremony at the Pujiang Innovation Forum, which started in Shanghai on Thursday.

China's IT technology and equipment providers in Cuba need more support from the Chinese government, just like the US administration helps their providers there, according to Haier.

China will take targeted reciprocal measures against the United States to protect its interests, which may include slapping tariffs on US agricultural products, airplanes, automobiles and computer chips, a former minister said Wednesday morning.