The central bank said it would continue to deepen the LPR reform, and improve the monetary policy transmission mechanism, to further lower the lending rates and support the development of real economy. "The reform, to transfer all the outstanding loans' benchmark to the LPR, has been progressing smoothly," said Xu.
The chopper was scheduled to return to its heliport in Maebashi City, Gunma Prefecture, at 10:45 am, prefectural officials said.
The central bank governor announced plans to substantially raise the daily trading quota for stock connects between Shanghai and Shenzhen with Hong Kong beginning May 1. The daily northbound quota would be lifted to 52 billion yuan from 13 billion yuan, and the southbound quota will be increased to 42 billion yuan from 10.5 billion yuan.
The city launched its Credit Hangzhou app last month, making it easier for people to check their own credit records and search for services they can use deposit-free-if the credit score is high enough.
The central bank will issue 30,000 gold coins, 3,000 large silver coins and 60,000 small silver coins.
The city's budget shortfall for fiscal years 2020 and 2021 is expected to come in at .7 billion. Sales tax revenues are now expected to decline by .2 billion for fiscal 2020 and 2021, as businesses closed, and city residents stayed home.
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The challenge of the real estate market will be well handled and efforts will be made to "resolutely stem property price rises", according to Xinhua. The process of establishing a long-term mechanism for the stable and healthy development of the property sector will be accelerated, it said.
The circular was published after central authorities unveiled a three-year action plan on Feb 5 to improve the rural living environment.
The city of Jiangmen, Guangdong province, is sparing no effort to promote its rural tourism. [Photo/chinadaily.com.cn]
The city is also home to 110 aviation companies operating flights to 297 destinations in 47 countries and regions. Authorities are now aiming to turn the city into an aviation gateway for the Asia Pacific region by 2035.