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The outstanding amount of cash in circulation (M0) reached 5.56 trillion yuan by the end of April, up 10.8 percent from one year earlier.

Growth of investment in the real estate sector and the capital market, the main investment destinations for the public, has slowed amid economic headwinds. But investment in personal wealth management products and overseas markets demonstrated strong growth, serving as new drivers for the country's private wealth market, the report said.

"We hope that the EU will show sincerity and work together with the Chinese side to solve the problem through dialogue and consultation," said the spokesman.

Efforts should be made to explore ways to turn high-quality laborers and agricultural workers into civil servants, Yin said.

He emphasized that as long as the two sides follow the spirit of mutual respect, openness and tolerance, China and the United States will be able to achieve more in the Asia-Pacific region and to turn the Pacific into an ocean of peace and cooperation.