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China will expand the railway network to 150,000 kilometers by 2020, including 30,000 km of high-speed rail, according to the 13th five-year plan (2016-20) for railway construction issued by the nation's top economic regulator on Friday.

China's central bank is very close to launching its own digital currency after five years of research and development in the area, according to a senior official. [Photo/IC]

China will expand the number of comprehensive bonded zones (CBZs) to 150 by the end of this year, especially in its central and western regions, to further stabilize foreign trade and investment, a top Customs official said on Wednesday.

China will improve the protection of intellectual property rights in patent disputes by setting up a national-level IP court. The new court will streamline the appeal process by allowing litigants to bypass top provincial courts, the Supreme People's Court said on Saturday.

China's banking regulator has recently approved the establishment of CCB Financial Asset Investment Co Ltd, the first market-oriented debt-to-equity swap company, with a registered capital of 12 billion yuan.