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Analysts said lower tariff will encourage people to buy imported products at home instead of overseas, which boosts domestic consumption.

Anbang's risk settlement is nearing completion under the country's financial stability department, Pan Gongsheng, vice governor of the central bank, told a Monday briefing.

Andrew Cainey, from the London-based think tank Chatham House who specializes in Asia-Pacific, the global economy, and finance, said: "Success in Belt and Road Initiative projects require each party to understand the others well and to be aware of cultural differences and norms of doing business.With their international business reach, British professional services companies are well-placed to advise on this. Britain also has world-leading businesses in marketing, PR, and communications that help project the efforts of different parties."

And in news for slightly older generations, the startup HopSkipRide made its debut in Seattle this week, promising to safely shuttle your kids around town. We explain how it works and try to decide if we and our kids will use it.

Analysts say the central bank prefers mid- to long-term policy tools over reverse repos, which boost liquidity in the banking system within a short period of time, as it faces a major task in reducing the costs of long-term financing.