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Purchases of short-dated maturities have remained the central bank's main method of stabilizing liquidity, and Wednesday's operations included 90 billion yuan of seven-day reverse repos priced to yield 2.45 percent; 10 billion yuan of 14-day contracts with a yield of 2.6 percent; and 10 billion yuan of 28-day agreements with a yield of 2.75 percent.

The vice premier said governments should improve efficiency of supervision with unified and professional action and food suppliers should ensure farm-to-table product quality.

The central authorities coordinate the entire program, provinces take responsibility, while cities and counties ensure implementation of policies. Party and government chiefs hold the responsibility for all the work.

The Belt and Road Initiative is a China-proposed trade and infrastructure plan connecting Asia with Europe and Africa.

China is willing to work closely with the Hungarian side to ensure that the summit of China and CEE countries later this year achieve complete success, and that "16+1 cooperation" becomes a new highlight for China and Europe to strengthen strategic link and deepen mutually beneficial cooperation, Liu said.