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Internationalization of the yuan and increasing convertibility of the capital account should proceed at a steady pace. To that end, last month, overseas investors gained increased access to the Chinese mainland's 10 trillion U.S. dollar bond market. The bond connect platform with Hong Kong allows qualified overseas investors to trade bonds on the mainland interbank bond market, including treasury bonds, local government bonds, policy bank bonds and commercial bank bonds.

The country should briskly push forward its "Made in China 2025" strategy to bring the manufacturing to a new level, with measures to eliminate outdated capacity and techniques and step up shifts of economic engines, Li said.

Guo made claims via overseas media outlets and online video platforms that Yao Qing, general manger of GI Technologies (Beijing) Co.,Ltd, was the relative of a senior Chinese official and controlled more than 10 companies, opened bank accounts in different countries, and had over 160 billion U.S. dollars in cash, with a bank and an oil firm under his name.

For her part, Merkel said that she has read Xi's signed article published on the Die Welt, a German national daily newspaper, and agrees that Germany's cooperation with China in politics, economy, and cultural and people-to-people exchanges accords with the interests of both sides, and boasts even greater potential.

The watchdog said it has also ordered Haidilao to open its kitchens to the public in a month and report the overhaul measures. The chain's sanitation ratings will be downgraded.