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China raised its US treasuries holdings by .5 billion in August, with the total holding up to .2005 trillion, the latest data from the US Treasury Department showed on Tuesday.
China should further strengthen its guidance in establishing a data sharing and usage mechanism, and encourage local authorities to explore and establish intelligent transportation solutions, Robin Li, chairman and CEO of leading Chinese search engine Baidu Inc, said on the sidelines of the annual two sessions.
China will adopt additional financial stability measures on Monday to prevent market volatility and encourage lending to nonfinancial businesses, to help return the epidemic-hit economy to normalcy.
China last month unveiled the outline development plan for the Guangdong-Hong Kong-Macao Greater Bay Area, which aims to develop the region into "a role model of high-quality development".According to Lu, Guangxi is putting plans in place to merge comprehensively with the Greater Bay Area's development, particularly on transport, industrial collaboration, and human resources exchange. "We will boost the construction of high-speed railways, expressways, and also build more ports to form a multi-dimensional transport system for Guangxi to connect quicker with the Greater Bay Area," Lu said. The Greater Bay Area, one of China's most productive regions, is considered ripe for technological innovation. Lu said Guangxi will focus on key industries and incorporate the Greater Bay Area's technologies and platforms to aid Guangxi's industrial development. The inflow of tech talent is important: "We are aiming to arrive at a situation where we can bring in talent, form teams and work on projects. Thus we can promote particular industries," Lu said. Hezhou, in the east of Guangxi and adjacent to Guangdong, is Guagnxi's pilot area for Greater Bay Area integration. Lin Guan, mayor of Hezhou, said Guangxi and the Greater Bay Area are geographically connected and have a lot in common in culture and traditions. "The growth of the Greater Bay Area will definitely be a driving force for neighboring areas' economic development," Lin said. Hezhou has launched a three-year plan for Greater Bay Area integration, and local government, relying on Hezhou's location and rich natural resources, is exploring new models for increased cooperation.
China regularly registers a deficit in service trade due to huge domestic demand. The service trade deficit stood at 120.8 billion yuan in November 2017, up from 117.5 billion yuan in October, official data showed.
来源：资阳报