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As the debt-to-equity program is considered a significant and efficient method to tackle debt woes, China Shipbuilding Industry Corp, one of Chinese Navy's biggest contractors, converted debt into equity by offering eight investors stakes in two of its unlisted subsidiaries for an estimated 22 billion yuan (.27 billion) in August.

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 school ends at 4:30 in the afternoon, many children attend the tutoring sessions in the library, according to Cao Peng, a publicity official of Xiangshan township, which has jurisdiction over Luwu. 

As the online sales sector has played a prominent role in driving social consumption in China, the country will launch an online shopping festival to boost consumption from April 28 to May 10, said Cai Yudong, deputy director-general of the department of electronic commerce and informatization under the Ministry of Commerce.

As the structures of global value chains continue to change, China's opening-up is an important engine for deepening their development.