The PBOC has also injected 300 billion yuan through the medium-term lending facility (MLF), while keeping the one-year MLF interest rate unchanged at 3.25 percent. The LPR will be revised again on Jan 20, based on the MLF adding risk premium, and some analysts expect the LPR to fall by 0.5 percentage point this month.
The National Development and Reform Commission (NDRC) said in a statement that the heating prices for households converting from coal to gas should be regulated more strictly during the New Year and the Spring Festival.
The Ministry of Human Resources and Social Security has launched an online survey in an effort to improve services to job seekers.
The New York-based business membership and research association predicted that China's economy will expand 3.8 percent next year, down from a probable 4.1 percent in 2018.
The Palace Museum, also known as the Forbidden City, will open an emperor-themed hotpot eatery named Corner Tower Restaurant on Feb 5, the first day of the Lunar New Year.
The Nepali government had suspended issuing tourist visas in early March to prevent the spread of COVID-19. "Now, foreigners willing to come to Nepal for mountaineering and trekking, can get tourist visas from our embassies abroad," Kamal Prasad Bhattarai, spokesperson at the tourism ministry told Xinhua on Tuesday. "Tourists from countries where there is no presence of Nepali diplomatic mission can get an on-arrival visa."
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The New York Times published a story last year about how Silicon Valley fears losing its edge due to possible government curbs on AI exports. The story quoted experts as saying that blocking exports of AI to other countries would help such industries flourish in those nations-China, in particular-and compete with US companies.
The Mogao Grottoes in Dunhuang in Northwest China's Gansu province have gifted the world with treasured murals, beautiful sculptures and literature of rich historical, cultural and artistic value. This led to the worldwide emergence of Dunhuang studies in the early 20th century.
The NPC Standing Committee will soon formulate related laws for Hong Kong as authorized by the decision in order to safeguard national security and sovereignty and ensure Hong Kong's stability and prosperity, he said. The decision is in accordance with China's Constitution and Hong Kong's Basic Law and applies to the fundamental interests of all Chinese people, including Hong Kong compatriots, Li Zhanshu said.
The Ministry of Justice on Thursday published draft rules on foreigners' permanent residence in order to solicit public opinion.