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China could more than double its oil trade with the US this year compared to 2017, she said, and the combination of higher volumes and rising oil prices in 2018 could triple the value of last year's oil trade, which was worth .4 billion, or 1.2 percent of 2017's trade deficit.
China has been revamping its massive State-owned businesses through mergers and acquisitions, industrial upgrading and innovation. In September, the central government launched its largest private equity fund, worth 350 billion yuan, to finance SOE restructuring.
China has lodged "solemn representations" to the US about the issue, Geng said.
China cherishes the conventional monetary and fiscal policies and will not adopt deficit monetization or negative interest rate policies, said Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission in Shanghai on Thursday.
China has a four-tier color-coded weather warning system, with red the most severe, followed by orange, yellow and blue.
来源：资阳报