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BEIJING -- China and Italy Tuesday agreed to boost cooperation within the framework of the Belt and Road Initiative.The consensus was reached during talks between Chinese State Councilor Yang Jiechi and Italian Foreign Minister Angelino Alfano who is on an official visit to China.Briefing Alfano on the 19th National Congress of the Communist Party of China (CPC), Yang hailed the traditional friendship between the two countries and good development momentum of bilateral ties.Yang called on the two sides to maintain high level exchanges and contact between various departments, deepen pragmatic cooperation on the Belt and Road Initiative, and push forward people-to-people exchanges for higher level China-Italy and China-Europe comprehensive strategic partnerships.Expressing his congratulations on the success of the 19th National Congress of the CPC, Alfano said his country places great importance on developing ties with China.Italy will play an active role in the construction of the Belt and Road to intensify bilateral ties, the Italian foreign minister stressed.

BEIJING - Qualified Foreign Institutional Investors (QFII) gained an annualized return of 22.11 percent between 2005 and 2018 by investing in the Chinese A-share market, according to a Cinda Securities report.

BEIJING - The People's Bank of China (PBOC), the country's central bank, has decided to lower refinancing and rediscount interest rates.

BEIJING -- China unveiled a guideline Thursday to further guide banking and insurance institutions in utilizing financial services to stabilize foreign trade.

BEIJING - The Agricultural Bank of China will increase financial support for major infrastructure projects in strengthening areas of weakness, said the bank recently.