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As the central bank, the People's Bank of China, launched its massive reverse repurchase operation after the Spring Festival - injecting additional liquidity to boost the economy - investors anticipate that more stimulus measures like this are underway, said Linus Yip Sheung-chi, chief strategist at First Shanghai Securities.

As the official Italian export credit agency, SACE serves over 20,000 clients in 198 markets. Its major clients in China will include local subsidiaries of Italian companies, large Chinese corporations and small and medium-sized enterprises doing business with their Italian counterparts, and Chinese companies investing in Italy.

As property and infrastructure construction picked up, sales of heavy trucks will see more visible recovery, a research team from Industrial Securities noted, predicting annual sales of heavy trucks to reach between 1.1 million and 1.19 million units.

As per the previous directive, the ban was supposed to end on Friday (July 31).

As the cost of manufacturing increases in China, it makes sense for the world’s manufacturing hub to shift to Africa and it will be win-win if Chinese companies invest in the continent’s manufacturing sector and share their experiences with local partners, Tsang added.