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China's central bank said on Wednesday that it has renewed a bilateral currency swap facility with Hong Kong and expanded the size to 500 billion yuan ( billion) from 400 billion yuan.

China's ambassador to the United Kingdom Liu Xiaoming said the radical movement in Hong Kong has become "neo-extremism" under the cover of a so-called pro-democracy movement and challenges the principled bottom line of "One Country, Two Systems".

China will manage well the financial risks in projects related to the Belt and Road Initiative as the initiative is designed to benefit all parties involved, according to officials and financial experts.

China's AI market is expected to reach 96 billion yuan (about .9 billion) this year, according to a report by Economic Information Daily.

China's GDP growth may continue to dip in the first quarter and could start to stabilize and rebound from the second half of this year, it said.