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The Public and Finance Research Center has carried out a study on the Chinese government's balance sheet.

The RMB may be more likely to test the level of 6 per dollar, in the scenario that Chinese tourists refrain from global travel until worldwide vaccine adoption, and before the market starts lifting expectations for the normalization of the monetary policy issued by the US Federal Reserve, according to Stephen Chiu, Asia FX and rates strategist of Bloomberg Intelligence.

The Section 301, which was passed in 1974 and heavily used in 1980s and early 1990s, would allow the US president to unilaterally impose tariffs or other trade restrictions against foreign countries. But the United States has rarely used that obsolete trade law since the World Trade Organization (WTO) came into effect in 1995.

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The People's Bank of China (PBOC) conducted 80 billion yuan (.11 billion) of seven-day reverse repos priced to yield 2.5 percent, and 70 billion yuan of 28-day contracts to yield 2.8 percent.

The Pujiang Talent Program has granted nearly 900 million yuan (7.8 million) to more than 4,400 overseas returnees who have contributed to Shanghai's science and technology innovation, according to the program report published on Thursday.

The People's Bank of China, the central bank, will provide initial capital to professional institutions that will be entrusted to provide greater credit support to private enterprises that are well-operated but in short-term liquidity difficulties, according to a statement released after the meeting.

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The Republic of Korea followed China on that list with 30.3 percent of interviewees answering, "I know the current Japanese emperor is set to abdicate and the crown prince is scheduled to take the throne". Thailand stood at 21.2 percent, France at 17.5 percent while the shares of the United States and the United Kingdom were merely around 10 percent.

The Research Institute of Preservation of Cultural Relics in Shaanxi province and the Cultural Heritage Foundation in France have pledged to cooperate in protecting the colored wood carvings of Gongshutang, a cultural relic site under state key protection.

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The People's Bank of China issued a statement late on Friday, after its 2019 annual work conference. It said monetary policy would be "moderate" — neither too loose nor too tight in 2019, focusing on countercyclical adjustments. The policy target is to maintain adaptive liquidity and stabilize market interest rates at a reasonable level, said the PBOC.

The People's Bank of China, the country's central bank, has conducted targeted cuts to the required reserve ratio four times this year, releasing liquidity of 2.3 trillion yuan. By the end of September, outstanding loans for micro and small companies totaled more than 33 trillion yuan, up by 11.4 percent year-on-year.