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The Ministry of Finance is preparing to accelerate a special local government bond issuance by using part of the quota for 2020 to boost investment and bolster economic growth, senior officials said on Friday.

The National Health Commission of China said the country now can offer 3.78 million nucleic acid tests for COVID-19 every day and had carried out 90.41 million nucleic acid tests as of June 22.

The Minneapolis-based?retailer?announced today that it will allow customers to use Amazon prices for its products on year-round basis. The company will do the same for prices from Best Buy, Walmart and Toys R Us, but Amazon often has lower online prices and would appear to be a bigger threat to Target’s brick-and-mortar stores.

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The National Meteorological Center said that for four days, temperatures in northeastern cities will reach 37 C. In Hebei, Henan and Shandong provinces and Beijing, it will soar to 40 C.

The Observatory said that at least five people were killed Tuesday by strikes believed to have been carried out by the US-led coalition.

The PBOC injected 498 billion yuan (.3 billion) into the financial system via the medium-term lending facility, which was described by the newspaper as "a clear signal" of keeping liquidity "basically stable" by providing medium and long-term funds.

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The National Assembly or the lower house of the parliament will elect the prime minister later this month.

The PSL came in at 71.9 billion yuan (.7 billion) and was designed to offset the liquidity pressure from tax payments and treasury deposits coming due, according to a statement of the People's Bank of China (PBOC).

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The PBOC said on Friday that it would cut the interest rate on the excess reserves deposited by financial institutions, from 0.72 percent to 0.35 percent. The cut, to be effective on Tuesday, is the first since November 2008.

The MoU is to enhance cooperation in intellectual property, to facilitate the joint innovation and creativity projects, and to enrich the bilateral comprehensive strategic cooperative partnership.