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BEIJING - China is expected to see steady growth of its industrial and information technology sectors this year, according to a meeting by the Ministry of Industry and Information Technology (MIIT).

BEIJING - China's central bank on Friday initiated the second phase of a targeted reserve requirement ratio (RRR) cut for some city commercial banks and conducted the medium-term lending facility to inject liquidity into the market.

BEIJING - China's top economic planner has promised zero tolerance and harsh punishments for the illegal production of inferior-quality steel bars as the government remains firm in its capacity-cut drive.

BEIJING - China's central bank continued to drain liquidity from the financial system Thursday, with more reverse repos maturing than conducted.

BEIJING - China will put into use a platform to regulate and supervise the tourism industry from July 1, the Ministry of Culture and Tourism said Friday.