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As calculated by some financial institutions, the new facility is likely to release 1 trillion yuan (3 billion) to 2 trillion yuan more into the money market. In 2017, cash withdrawals rose by around 1.8 trillion yuan during the month of the Spring Festival, according to a research report from CITIC Securities.

As Trump has become increasingly aware of the gravity of a sound China-US relationship, it is hoped that the United States will continue to work with China to eliminate factors and issues that stand in the way of bilateral ties to further promote their relationship.

As a joint host of the 2022 Winter Olympics and China's first national-level renewable energy demonstration area, the city is betting big on the industry.

As asset quality improves, banks would have greater capacity to issue more credit to support the non-financial sector, he said. The commission's recent moves to lower bad-loan coverage ratio reflect the idea of encouraging more credit to support the non-financial sector, Lai said.

As for Tianjin, its remarkable economic achievements are a reminder of what the reform and opening-up over the past four decades has brought about.