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China was the first country to take action by grounding the aircraft from commercial flights following the two crashes.

China will accelerate the implementation of flexible and targeted monetary policies in the coming months to shore up an economy hit by the novel coronavirus pneumonia outbreak while avoiding a potential surge of asset prices in the capital and property markets, economists said.

China started developing ground-based meteorological observation abilities in the South China Sea in the 1950s, according to the release. But weather observation data for some parts of the area were not available, hampering the accuracy of precautions against natural disasters.

China will accelerate the pace of mixed-ownership reform, reorganization and asset securitization of its State-owned enterprises next year to create a group of world-class, role-model companies for spearheading high-quality development, experts said on Tuesday.

China plans to renovate twice as many old residential communities this year to improve living conditions, spur investment and shore up economic growth.