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More efforts will be made to put the inclusive finance departments of state-owned banks in place at grassroots levels. Commercial banks will enjoy cut in reserve requirement ratio if their total or percentage of increase in individual loans of less than 5 million yuan to small and micro businesses, farmers, people under poverty line, students and guaranteed loans for startups reach a certain standard.

However, Xu also warned that rising raw material prices, exchange fluctuations, manufacturing refluxing of developed countries and the rise of middle and low-end manufacturing in emerging economies would still have an impact on China's foreign trade development.

A total of 29 people worldwide have been awarded the prize in the past 12 years.

JINAN, Sept. 15 (Xinhua) -- Chinese Vice Premier Ma Kai on Friday stressed the need for increased efforts to promote job growth and boost entrepreneurship.

The 19th CPC National Congress has set China's development goals and roadmaps up to 2050, Xi said, adding that China enjoys a bright future and history will further prove the decision to establish diplomatic relations between the two countries is completely correct.