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China has integrated the Qualified Foreign Institutional Investors (QFII) program and the RMB Qualified Foreign Institutional Investors (RQFII) program as well as the direct market entry channels, while allowing overseas investors to choose a number of domestic financial institutions to trade over the counter and hedge foreign exchange risks through principal brokers or directly entering the inter-bank foreign exchange market, the PBOC said.

China attaches great importance to Sino-ROK relations, he said, adding that the two countries should strengthen political trust on the basis of mutual understanding and mutual trust.

China brought back 7,831 fugitives from more than 120 countries and regions from 2014 to June, with 19.65 billion yuan (.82 billion) of illegal gains recovered, according to a work report of the National Supervisory Commission, the nation's top anti-graft watchdog.

China has been the largest trade partner and export destination of Alaska since 2011, and Alaska's exports to China amounted to .18 billion in 2016, which created jobs and tax revenues for Alaska, Ren said at a China-Alaska economic forum held Tuesday in Anchorage, the largest city in Alaska.

China has nearly 4,450 shopping centers — four times the US — and an additional 7,000 are estimated to open by 2025. A 2016 report by the Chinese Academy of Social Sciences predicted that one-third of China's malls will be history by 2020, unless they transform.