The PBOC switched to the one-year LPR as the benchmark lending rate on Aug 17, 2019. It is formed based on 18 qualified commercial banks' lending rates for their best clients and equals the medium-term lending facility rate, or the MLF, plus a risk premium. The one-year and five-year LPR are updated on the 20th of every month.
The PBOC on Monday injected 50 billion yuan into the market through the seven-day reverse repos while cutting the interest rate by 20 basis points to 2.2 percent to lower lending costs and offset the economic shock of the novel coronavirus outbreak.
The NBS said employment market remained stable, with the surveyed unemployment rate standing at 5 percent, 5 percent and 5.1 percent in the first three months, respectively, down by 0.2 percentage point, 0.4 percentage point and 0.1 percentage point over a year ago.
The National Health Commission said on Thursday that pharmaceutical companies will be encouraged to develop 34 kinds of generic drugs, including those used in the treatment of AIDS and leukemia, to reduce the burden on patients.
The National Office Against Pornographic and Illegal Publications, a joint team including China's Cyberspace Administration and the Ministry of Culture, called for strengthening the fight against violators on platforms providing live broadcasts.
The National Development and Reform Commission also encourages cities to improve construction of infrastructural facilities and preservation of historical relics, to attract more people and improve satisfaction of visitors, according to a plan for boosting red tourism released in November last year.
闵行seo优化
The NBS data showed that retail sales helped shore up stable growth, climbing by 9.8 percent in the first quarter.
The Nobel Committee chooses the recipient of the prize in early October by a majority vote and then announces that choice. The prize is awarded on Dec 10 in Norway.
The Opposition Australian Labor Party (ALP) has promised to introduce a 45 percent emissions reduction target if victorious at the upcoming general election.
The Nikkei-Markit Hong Kong Purchasing Managers' Index, which surveyed purchasing executives from more than 300 companies, rose to 50.7 in November from 50.3 in October. Despite another round of mild improvement in the private sector, the latest reading remained below the historical average.