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China' central bank implemented two targeted reserve requirement ratio cuts in October and November to boost financing for SMEs.

China's Anti-Phishing Alliance promised on Sunday to further intensify its anti-phishing campaign and to more effectively protect cybersecurity, as it handled a large number of cyber threats in the past decade.

China will maintain a normal monetary policy for as long as possible and keep interest rates at a relatively low level to support small business financing and maintain ample liquidity in the system, the People's Bank of China, the central bank, said.

China will not retreat in its opening-up, and is resolved to open its door wider to the global market, he said, ¬adding that Beijing is ready to work hand-in-hand with others to promote multilateralism and improve global governance.

China will open up wider and significantly ease market access, according to the tone-setting annual Central Economic Work Conference held in Beijing in December.