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The bank has worked with the Multilateral Investment Guarantee Agency of the World Bank Group to provide political risk insurance to Belt and Road projects. It also works with the International Finance Corporation, the Asian Infrastructure Investment Bank and similar organizations to bring in blended finance.

The battle for blue skies, which first appeared in Premier Li's Government Work Report in March last year, is a priority for pollution control and government at all levels should strictly enforce laws to ensure its success, the premier said at Wednesday's meeting. The move should meet public expectation for blue skies and also the demand for basic heating, he said.

The average asset-liability ratio of the top 100 companies reached 78.7 percent last year, up 0.2 percentage points than in 2018, with a decrease in issuance of domestic credit debt and medium-term notes, and growth in corporate bonds and foreign bonds, it showed.

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The author is a British political analyst, writer and columnist.

The bank thought that Brent oil prices would be struggling to hold above US per barrel despite the larger risk premium amid heightened US-Iranian tensions, as non-OPEC supply growth by the US and Norway would outpace modest oil demand growth, particularly in the first half of this year.

The bank has been seeking cooperation with strong institutional partners.

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The barrister said the recent request by the US at the United Nations to discuss the proposed national security law for Hong Kong before the Security Council is "in direct contravention of a universally accepted international law principle of non-interventionism".

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The bank has extended loans worth about billion for more than 200 projects under the initiative, and financing for projects worth up to 0 billion is in the pipeline, he said.

The basis of China's relations with Africa-its formal commitment to sovereignty, noninterference, equality and mutual respect-has formed an attractive contrast to that of the West.