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China's central bank has determined it will cut the one-year interest rate of the medium-term lending facility (MLF) to 2.95 percent, down from 3.15 percent, a statement said on Wednesday.

China will continue to support long-term supply deals between coal producers and buyers, amid rising demand for the commodity during the heating season, according to the country's top economic planner.

China will invest steadily in transport development this year, flat with 2017, Minister of Transport Li Xiaopeng said in late December, citing the main transport target for 2018.

China's booming e-commerce and online-to-offline services have accelerated flower buying significantly, with many people regularly making purchases.

China will establish systems to subject such violators to more severe punishment, including hefty fines and compensation for consumers, Zhang Mao, minister in charge of the State Administration for Market Regulation, said. Violators will have all fake or substandard products identified, confiscated and destroyed, he said.