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The China Banking and Insurance Regulatory Commission has been paying close attention to the case and asked Bank of China to negotiate with clients on an equal footing and solve the problem according to laws and regulations, an official of the commission told Financial News.

The China Association of Automobile Manufacturers estimated that in the current year SUV sales would lose their momentum a little, with their growth rate falling by 2 percentage points to 11 percent year-on-year.

The China Banking and Insurance Regulatory Commission will appropriately increase the tolerance for potentially nonperforming loans granted to micro and small enterprises. It will also encourage banks to establish long-term institutions that will lend to small businesses, increase their willingness to lend, and enhance their lending capabilities, said Zhou Liang, vice-chairman of the commission, at a news conference on Friday.

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The Chinese mainland has extended zero tariffs to include four additional product categories of goods of Hong Kong origin, pursuant to the provisions of the Mainland and Hong Kong Closer Economic Partnership Arrangement and its supplementary agreements.

The Chinese firm did not respond to these allegations.

The China e-commerce research center said e-commerce imports rose by a third to 1.2 trillion yuan in 2016. The amount is expected to exceed 1.8 trillion yuan this year, according to Cao Lei, director of the center.

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The Chinese carmaker said a number of Geely-branded models is to join them soon, including the Preface sedan, which is due to be launched in the fourth quarter.

The Chinese economy is highly resilient, and the government has adequate room to maneuver in its macro-regulation policies, he added.

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The China Securities Regulatory Commission, the nation's top securities regulator, said after the close of its annual work conference on Friday that it will work to attract long-term capital including equity funds this year, while also advancing capital market opening-up.

The China Chamber of Commerce for Import & Export of Medicines & Health Products also issues force majeure certificates so as to help related companies partly or completely waive, or delay, fulfilling contractual obligations.