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China will spend nearly 2.7 trillion yuan (6 billion) on transportation infrastructure projects in 2020, according to Minister of Transport Li Xiaopeng on Thursday.

China will soon release a national regulation on improving the country's business climate by establishing a fundamental framework of rules to provide institutional safeguards for investment and business operations by all types of market players, domestic and foreign.

China will press ahead with policies dealing with students' enrollment in nearby schools as part of efforts to ensure the balanced development of compulsory education, a Ministry of Education official said on May 19.

China's Ministry of Commerce on Thursday granted the license to Shell (Zhejiang) Petroleum Trading Co, a wholly-owned subsidiary of Shell China, allowing the company's Zhejiang branch to carry out sales and purchases of oil products for its customers in the Chinese market.

China's banking regulator greenlighted the establishment of branches of several overseas banks in its latest effort to open up financial sectors.