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It will speed up the disposal of non-performing loans, while curbing household leverage by cracking down on the improper use of consumer loans.

It witnessed the friendship between Chinese and American people and opened a window for American people to learn about Chinese culture and Hui State culture.

It was also 10 basis points lower than the existing benchmark one-year lending rate.

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It will leave China through the Alataw Pass in Xinjiang, and pass Kazakhstan, Russia, Belarus and Poland before reaching its destination in Hungary.

It should be noted that first-tier and popular second-tier cities haven't changed their housing policies yet, said Cong Yi, an economics professor with Tianjin University of Finance and Economics.

It will also accelerate the pace of airport facility improvement in the future to meet the demand of growing passenger traffic, and provide new services such as a check-in center at Macao Border Inspection Building on the Hong Kong-Zhuhai-Macao Bridge.

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It will also look at further promoting China's new policies and measures on reform and opening-up. "How the Chinese economy will perform in the second half this year will be one of the hot topics at the seminar," Lu added.

It will also speed up addressing issues regarding charging in residential areas, difficulties in the construction of charging facilities in old residential areas, and safety hazards of charging facilities.

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It stressed "a people-centered approach, regarding people's aspirations for a better life as the goal, promoting expenditure budget and policies, and ensuring and improving people's wellbeing."

It will reduce the activities of misusing funds and help to control P2P defaults - the failure of paying funds back to investors, they said.