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Developing direct financing will be prioritized while indirect financing structure should be optimized by accelerating strategic transformation of state-owned major banks and developing small and medium-sized banks and private financial institutions, according to Xi.

Despite the ongoing COVID-19 pandemic, international businesses are looking to increase the proportion of their China-based supply chains, in addition to strengthening their digital propositions to tap into the Chinese consumer market, according to a latest survey released by HSBC.

Diabetes rates have risen steadily over the past three decades, from affecting around 5 percent of adults around the world in 1980 to roughly 9 percent today.

Dishes on display at the 7th Chinese Anhui Cuisine Expo in Anhui province on Nov 15. [Photo/VCG]

Developing the country's housing rental market has been one of the long-term strategies envisaged by policy makers for sustainable and steady growth of the real estate market in China.