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The People's Bank of China (PBOC) convened a meeting to demonstrate the platform earlier this month. The platform is expected to bring 408 institutions together to fight cybersecurity threats.

The People's Bank of China, the central bank, may need to introduce additional policy measures to facilitate the fiscal policy, including quantitative easing if necessary, Yu added.

The Regional Comprehensive Economic Partnership (RCEP) signed on Sunday by 15 Asia-Pacific member countries also was discussed.

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The SPB expects the number of packages handled between Nov 11 and 16 to hit 1.5 billion, up 35 percent. Daily volume could be as much as three times the usual level.

The Scotland-based asset manager said it holds a positive view on the Chinese equities and fixed-income market in 2018, despite the country's potential growth moderation. "We are optimistic about the overall outlook of the Chinese economy, and we think the consumer sector in particular will do well in 2018. It means that there is potential in the Chinese equities market," said Irene Goh, head of multi-asset solutions for Asia-Pacific at Aberdeen Standard Investments.

The Senate was expected to vote on the new spending bill on Wednesday. Senators were likely to alter the House-passed bill and return it to the House for final passage. Senate Democrats were expected to balk at a House provision that would raise Pentagon funding through Sept 30, the end of the current fiscal year, without also raising non-defense spending.

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The SIM cards will be available for purchase in designated distribution points in China as well as in Cambodia at Siem Reap and Phnom Penh International Airports, the release said.

The Public Security Bureau of Wangjiang county in Anqing, Anhui province, has suspended a policeman and three auxiliary officers and launched an investigation into whether they adequately responded while trying to rescue a 17-year-old student who drowned.

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The SCO was founded in 2001 in Shanghai. Its six founding members are Kazakhstan, China, Kyrgyzstan, Russia, Tajikistan and Uzbekistan.

The SCO serves as an important platform for Belt and Road Initiative (BRI) cooperation, Li said, adding that China is ready to further synergize the BRI with development strategies of fellow SCO members to make the SCO an example of openness, cooperation and common development.