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As central banks worldwide brace for a blitz of monetary easing measures to calm pandemic fears, China has taken things in strides with eyes on the long-term, renewing commitment to lowering loan interest rates through loan prime rate reform and installing the registration-based IPO system at ChiNext, a board of growth enterprises.

As a major foreign investor in the chemical industry in China, BASF has invested more than 6 billion euros (.07 billion) on its own and more than 9 billion euros together with partners.

As a featured event of the summit, the third "INNOSTARS" preliminary competitions attracted dozens of US SMEs to compete in four areas of science, health and technological innovations, including advanced manufacturing, biopharma and digital health & diagnosis, information and communication technology, as well as energy. The 12 winning enterprises will enter the grand final in China and explore their business opportunities on the other side of the Pacific.

As a result of the restructuring, about 130,000 employees of Daimler in Germany will "undergo a transfer" to the new companies.

As an embodiment of deep mutual trust between the two sides, China supports Peru in arranging China National Pharmaceutical Group Corporation (Sinopharm) to carry out phase-3 clinical trials of the COVID-19 vaccine in the country and fully understands Peru's needs for vaccine procurement, he said.