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China's newly revised Budget Law clearly stipulates that local government bonds can be publicly issued through a national quota-based mechanism, a main financing channel for local governments.

China's meteorological authority has issued its first red alert of the year for a typhoon on Tuesday morning, with super typhoon Maria expected to hit Fujian and Zhejiang provinces with heavy rains and powerful winds on Wednesday.

China's earthquake rescue capability has increased by more than 200 percent in the past 10 years and an early earthquake warning system now covers most of the population in areas prone to temblors, and President Xi Jinping called on the nation this weekend to enhance disaster-prevention capabilities to guarantee people's safety and property.

China's fixed-asset investment went down 3.1 percent year on year in H1, narrowing from the 6.3-percent decline in the first five months, data from the National Bureau of Statistics showed.

China's consumer price index, a main gauge of inflation, rose 3.8 percent year-on-year in October, while the producer price index, which measures costs for goods at the factory gate, dropped 1.6 percent year-on-year last month.