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Liu added liquor companies should take a differentiated strategy to entice a new breed of consumers.

Liu said the country needs to deepen economic reforms with a focus on tackling financing problems for small-to-medium sized private businesses.

Liu Feng, chief economist of China Galaxy Securities, believes that China still has enough room to use the interest rate as a monetary policy tool. "Yields of yuan-denominated assets are still more attractive for overseas investors when compared with US, European or Japanese bonds, yields of which are approaching negative rates."

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Liu Fan, vice-president of the State-owned security depository CCDC, speaking in the same forum, meanwhile pledged continued implementation of the green development concept and "to safeguard the development of the China green bond market through the enhancement of financial infrastructure services."

Liu Changyu, an official with the Ministry of Commerce's Department of Foreign Trade, told a news briefing on Thursday that emergency epidemic containment efforts in China's major trading partners had dealt a blow to the country's export sector.

Lin became pregnant soon after marrying her husband, Yuan Mingliang, in November.

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Liu Jian, the UN Environment Programme's chief scientist, said environmental issues need to move up the priority list for key stakeholders.

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Liu Guozhong, the province's governor, said it has also made great efforts in improving people's livelihood and disposable income.

Liu said new property has become more expensive in 12 cities from July, and Wuxi has seen the highest growth of 3.4 percent.