The move is part of China's broader push to gain a lead in the global race to apply 5G. At least 10 times faster than 4G, the technology will allow for the superfast downloading of movies, self-driving cars and streaming virtual reality games.
The move to cut the RRR by 50 basis points will inject around 800 billion yuan (3.22 billion) into the market, which will absorb impacts from factors including maturing reverse repos, the People's Bank of China said on its website.
The more than 7 million inhabitants of the capital Santiago and its surroundings are banned from traveling outside of the Metropolitan region.
The move is taken to maintain normal operations at the company and protect consumers' rights, according to a statement of the China Insurance Regulatory Commission (CIRC).
The moment Theodore Ribbons opens his mouth he surprises and endears himself to the Chinese. The American from Detroit speaks fluent Chinese and can even do accents from northeastern China.
The most active crude oil contract for October 2020 delivery was down 2.8 yuan (41 US cents) to close at 286.3 yuan a barrel.
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The most interesting development is how people take things online and then apply them offline again to change existing industries. The artificial intelligence technology behind ride-sharing is now being used to help taxi companies and bus operators to revolutionize the way they manage drivers, and vehicles.
The move is meant to contain the risk of insurers' asset-liability duration mismatches and to guide the industry to focus on offering protection and serving the economy, the China Insurance Regulatory Commission said in a statement.
The moment the restrictions were relaxed, I applied for a fresh visa and made a flight booking to travel on Sept 24.
The narrowing expansion of factory-gate prices and rising purchasing prices dragged down the profit growth in July, said NBS statistician He Ping.