On May 15, the People's Bank of China started a three-step plan of cutting the reserve requirement ratio (RRR) of small and medium-sized rural commercial banks, a move that will free 280 billion yuan for loans to small private companies.
On March 18, Beijing Municipal Administration of Industry and Commerce, together with Beijing Municipal Office of the State Administration of Taxation, Beijing Local Taxation Bureau and Beijing Municipal Public Security Bureau, announced a series of measures to improve the city's business environment.
On Sunday, a claw game sponsored by e-commerce company Alibaba attracted crowds of curious visitors at a shopping center in Hangzhou city, Zhejiang province.
On Saturday afternoon, residents received a text message alert warning of a "rapid increase in SF Covid cases". On Twitter, Mayor London Breed called the increase in cases "the most aggressive surge SF has seen to date". The mayor said the city is averaging 118 new cases a day compared with 73 a day in the first week of November.
On Monday, Trump also stressed that his speech would focus on trade. "We have to have reciprocal trade," Trump said. "It's not a one-way deal anymore."
On May 12, 2008, a magnitude 8 quake hit Wenchuan in Sichuan province, killing nearly 70,000 people and leaving nearly 18,000 missing.
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On Thursday, June 23, 2016, the day of the referendum on Britain's membership of the European Union, parts of London were hit by a huge storm.
On Monday, the Committee for Safeguarding National Security, chaired by Hong Kong Chief Executive Carrie Lam Cheng Yeut-ngor, convened its first meeting. The government earlier revealed that the Hong Kong police and the Department of Justice have each set up a new unit to take charge of enforcement and prosecutions under the National Security Law.
On Monday, the US Treasury, following an earlier pronouncement by US President Donald Trump, applied the label to China after Beijing allowed the yuan to depreciate, escalating the US-China trade dispute.
On May 13, a train left Yiwu to become the 1,000th freight train linking China and Europe this year. As of that time, China had 51 Sino-European freight train routes, with trains from 28 Chinese cities travelling to 29 cities in 11 European countries.