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China will push the opening up of its financial market but it does not necessarily mean loosening financial regulation, the central bank said on Friday.
China's biggest wine producer, Changyu Wine Group Co Ltd, said sales from hotels suffered the biggest declines. Supermarkets and liquor stores have also experienced wine sale declines.
China's 260-trillion-yuan (.67 trillion) banking sector, the world's largest by assets, has once again been assigned a heavy responsibility in easing the economic slowdown pressure. But this time they should consider more factors before taking action, said analysts.
China's banking and insurance regulatory body took over Baoshang Bank on Friday for one year, as the joint-stock commercial bank is exposed to serious credit risk, according to a statement jointly issued by the People's Bank of China and the China Banking and Insurance Regulatory Commission.
China's National Development and Reform Commission and the Ministry of Commerce said on Monday it would temporarily not rule out the possibility of levying additional tariffs on imported US farm produce with deals made after Aug 3, and related Chinese companies have halted purchases of US farm produce.
来源：资阳报