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The PBOC unveiled the policy over the weekend, saying it would introduce a new reference rate, the loan prime rate－the price of loans banks offer their best clients－for setting the prices of business and household loans. The earlier reference rate, the one-year benchmark lending rate, will be replaced in the future.

The Ministry of Justice pledged to increase its efforts to safeguard the nation's lawyers after an attorney in Hunan province was killed, allegedly by one of his clients, last month.

The National Bureau of Statistics (NBS) said Saturday that China has achieved another year of bumper harvest in 2018 with grain output remaining at a high level.

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The Nasdaq has notched new records more than 30 times this year, including several in the wake of the coronavirus outbreak that has driven millions of people to shif to working from home and boosting demand for products such as video conferencing, video games and movie streaming.

The MoneyGram's deal demise is also the latest example of how CFIUS' focus on cyber security and the integrity of personal data is prompting it to block deals in sectors not traditionally associated with national security, such as financial services.

The Nanjing Massacre took place when Japanese troops captured the city on Dec 13, 1937. Over six weeks, they killed about 300,000 Chinese civilians and unarmed soldiers in one of the most barbaric episodes of World War II.

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The PMI came as the first major economic indicator for the last quarter, a period that some analysts had predicted would witness a loss of impetus in the economic engine. But the fresh data suggests that lingering downward pressures will be limited.

The PBOC is actively establishing the regulatory framework for technological applications and improving the fundamental rules of regulation to provide a better environment for fintech development, Chen said at the recent China International Finance Annual Forum in Beijing.

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The National Development and Reform Commission launched an investigation into NEV projects nationwide, requiring local development and reform commissions across China to report carmakers' investments in NEVs by Nov 18, reported the China Business Network.

The PMI reading reinforced a flurry of May data, including accelerating growth in industrial profits as well as strong increases in industrial production and retail sales, revealing positive changes in the economy.