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The central bank plans to keep monetary policy prudent and neutral, maintain a stable, reasonable level of liquidity, and oversee moderate growth of financial credit and social financing.

The central bank will strengthen monitoring and early warnings of default risks, improve the bond default disposal mechanism, and enrich market-oriented default disposal methods, it said.

The city's Nansha Port has also become the country's second largest port in "auto parallel" imports, a term that describes vehicles bought from other markets for sale in China, with more than 10,000 vehicles being unloaded at the port in 2017.

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The city's training programs will help to provide the local market with more qualified housekeepers that meet modern industry standards, she added.

The central bank noted that the effects of the coronavirus will "weigh on" US economic activity in the near term and pose risks to the economic outlook. Therefore, the Federal Open Market Committee (FOMC), the Fed's policy-making committee, decided to lower the target range for the federal funds rate to 0-0.25 percent.

The center, created by the country's reinsurance giant China RE, will be committed to catastrophe data base building and modeling, developing insurance products and forging an information sharing platform, according to Zhou Junhua, head of the research center.

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The central bank has cut the amount of cash that banks must set aside as reserves three times this year, releasing 1.75 trillion yuan in liquidity to support the economy.

The city's meteorological center issued an orange alert for high temperatures on Wednesday afternoon, warning that the city's two areas were forecast for scorching weather in the next two days, with temperatures exceeding 40 C.

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The central bank and State Administration of Foreign Exchange will study the possibilities of expanding the scale of qualified domestic and qualified foreign limited partners. Regulators will also explore management modes for cross-border investment and financing of private equities. With those moves, Shanghai could become a major international market for asset management, Pan said.

The chartered flight carried a delegation of 45, including 20 athletes, support staff and journalists, arrived at the DPRK's Kalma Airport before the skiers head for the Masik ski resort, Seoul's Unification Ministry said on Wednesday.