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The auto industry has entered into high-quality developing stage. The Great Wall will phase out more low-end products and push more new cars, said Wei Jianjun, president of Great Wall Motors.

The bank vigorously developed inclusive finance, giving full support to private enterprises and micro, small and medium-sized enterprises to help achieve high-quality development of the real economy.

The banking system reports a sufficient level of liquidity at present, the People's Bank of China said in a statement.

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The auto market demand also posted a robust performance last month, with sales rising 12 percent year-on-year, the fourth consecutive month of double-digit growth, while sales of new energy vehicles (NEV) doubled the level in the same month of last year, according to the Ministry of Commerce (MOC).

The bank said earlier that it will focus on three major areas this year－sustainable infrastructure, connectivity and the mobilization of private capital.

readers' understanding, according to the statement.

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The average tariff rate for clothing, shoes and hats, kitchenware, and sports and fitness supplies will be reduced from 15.9 percent to 7.1 percent, and that for home appliances such as washing machines and refrigerators from 20.5 percent to 8 percent.

The bills, which will mature in six months, are the third batch issued by the People's Bank of China (PBOC), the central bank, this year, according to a statement on the website of the PBOC.

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The attacker is killed in a shootout with police; he pledges allegiance to the Islamic State group, which later claims responsibility.

The average capital adequacy ratio, the ratio of a bank's capital to its risk-weighted assets, stood at 13.26 percent.