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China will step up protection of property rights to provide sustained impetus for economic development, according to a decision made at the State Council executive meeting chaired by Premier Li Keqiang on Wednesday.
China's central bank raised its open market interest rate for the second time in less than four months on Thursday, in response to the US Federal Reserve's rate hike, in line with the monetary policy target supporting financial deleveraging and preventing risks.
China will extend 1,000Mb broadband connections to more than 300 cities and cut average service rates by 15 percent for small and midsized enterprises this year, under a decision released on Wednesday following a State Council executive meeting chaired by Premier Li Keqiang on Tuesday.
China will make more efforts to cut tariffs on products including cars, senior Chinese official Liu He said at the World Economic Forum annual meeting in January. Import taxes on 187 products were slashed last year, with the average rate down from 17.3 percent to 7.7 percent.
China's Belt-and-Road Initiative is an attempt to link with Asian and European nations via a network of railways, roads, pipelines, and utility grids.
来源：资阳报