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China's digital currency will adopt parallel technical routes and adhere to the model of centralized management by the central bank. It will also adopt a double-tier operating and issuance system, which means it will be issued by the central bank to commercial banks and then distributed by commercial banks to the general public, said Li, who is also former president of the Bank of China Ltd.
China's home furnishing and decoration industry has seen steady growth at a rate of 7 percent annually the past few years. The highlights were in online shopping due to its wide selection and convenience.
China's domestic tech conglomerates have also sniffed out an opportunity, with both Alibaba Group Holding Ltd and Tencent Holdings Ltd setting up dedicated research units for developing AI diagnostic tools.
China's future steps in resolving foreign investors' remaining concerns — such as the lack of access to hedging and derivative tools, the short cycle of A-share settlement, and the holiday risk among the Shanghai-Shenzhen-Hong Kong markets — will largely determine future inclusion steps, he added.
China's housing market last year had a red hot start with soaring prices in some major cities, but ended on a cool note after local governments rolled out a string of restrictive measures echoing the central government's call that "housing is for living in, not for speculation."
来源：资阳报