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Major economic data in May and an acceleration in credit growth in recent months indicated that China is on a recovery path after a 6.8-percent drop in GDP growth during the first quarter, and that reflected monetary easing at work, Louis Kuijs, head of Asia Economics at Oxford Economics, a British think tank, said on Monday.

Ma Zhaoxu was appointed China's permanent representative and ambassador to the United Nations, replacing Liu Jieyi.

Maintaining a prudent and neutral monetary policy, boosting the vitality of enterprises and better taking advantage of the capital market's financing function are the three pillars supporting healthy economic development, according to a statement issued after the meeting on the State Council's website.

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MacKenzie Bezos and her former husband Jeff Bezos in Beverly Hills, California, the US, March 4, 2018. MacKenzie Bezos is pledging half her fortune to charity, following in the footsteps of billionaires Warren Buffett and Bill Gates. [Photo/IC]

Major Chinese listed steel companies have been investing heavily in research and development.

Mainland banks generally adopt the international five-category loan classification system, which grades bank loans according to their inherent risks as pass, special mention, substandard, doubtful and loss.

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Ma said the plenary session was right to emphasize the role of technology in the more efficient delivery of government services. Xi told a study session of the CPC Central Committee Political Bureau on Oct 25 about the role that blockchain technology, which will aid cryptocurrency transactions and data storage, may play in the delivery of government services.

Ma made the remarks in his keynote speech at the Guangdong Entrepreneurs Conference which was held in this Guangdong provincial capital on Tuesday.

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Many Chinese e-commerce companies have already launched campaigns in ASEAN, improving bilateral trade. JD.com, for example, sold more than 115,000 Thai durians to Chinese customers in a single day in May, a record on its fresh food e-commerce platform.

Maggie Chan Man-ki, a Hong Kong deputy to the National People's Congress, accused the opposition of continuing to condone and encourage the violent behavior, which sends the wrong message to society.