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Positive factors will include a recovering global economy, stabilizing commodities prices, a steady domestic economy and greater opening-up of the financial market, the SAFE spokesperson said.

Pony Ma, chairman and CEO of internet giant Tencent Holdings Ltd, said the new dual-circulation development pattern offers the company new opportunities to compete in both the domestic and global markets.

Premier Li Keqiang and Zhao Leji, secretary of the CPC Central Commission for Discipline Inspection, the country's top anti-graft watchdog, are deputy directors of the commission.

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Possible rule improvements include measures to enhance ratings of the bond issuers and improvements to related risk mitigation mechanisms, to better deal with higher credit risks of small businesses, Wang said.

Precision medicine, he said, is not simply gene sequencing but personalized therapy that uses different treatment protocols for different patients, a method that helps improve the efficiency of diagnosis and treatment.

Preserving the value and quality of cultural relics is key, while the originality and completeness of the relics should be maintained, it was urged at the meeting. The necessity to improve relevant laws and regulations, attract private sector participation, ensure effective protection, improve management and properly utilize valuable heritage sites that embody Chinese nation was also urged. Such efforts will help carry forward Chinese civilization and boost the nation's confidence and cohesion.

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President Xi Jinping told the APEC meeting on Nov 11: "China will deepen policy, infrastructure, trade, financial and people-to-people connectivity with our Asia-Pacific partners, seek interconnected development and move toward a community of shared future."

President Donald Trump, who has systematically downplayed the seriousness of COVID-19 throughout the pandemic, was notably absent from Pence's vaccination event.

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President Donald Trump passes US Vice President Mike Pence during a news conference on the coronavirus outbreak at the White House in Washington, February 29, 2020. [Photo/Agencies]

Premier Li Keqiang on Friday ruled out the possibility of resorting to competitive depreciation of the yuan, saying that China will keep its currency basically stable at a reasonable equilibrium level.