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China firmly opposes the US including 33 Chinese enterprises, universities, research institutions and individuals on the export control "entity list" on the grounds of so-called "military involvement" and "human rights", the Ministry of Commerce said on Friday.

China has greatly relaxed market access to allow people to set up their own businesses, with 87 percent of approval items either reduced or canceled.

China has great patience and a sense of inclusion in their orientation, and poverty eradication programs, for example, are done with a great concern for all the Chinese people, he explained.

China has a relatively low level of nonperforming loans, compared with some other countries, thus the regulators will have more room to adjust the policies, according to the PBOC official.

China has officially rolled out commercial 5G licenses to the nation's three major telecom carriers－China Mobile, China Telecom and China Unicom－as well as the State-owned China Broadcasting Network Corp in June.