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The center warned that certain areas of Hunan, Hubei and Henan will experience downpours.

The city has forged a new strategic plan for the development of the high-end coal and chemical industry. Yulin is establishing an all-round cooperation relationship with the Chinese Academy of Sciences to build demonstration zones for clear, integrated and industrial utilization of different energies.

The central bank's concern is in line with many other governments and international institutions, who warn that the ups and downs of financial cycles may span economic ones, and could even lead to a future crisis.

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The central bank's move elevates the funds target rate to 1.75 percent to 2 percent.

The city's research spending has reached 3 percent of the local GDP, the Party chief said.

The central bank announced measures on Friday to support the establishment of five green finance pilot zones, a move to help upgrade the industrial structure and honor commitments under the framework of the Paris climate accord.

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The city has been helping major automobile manufactures including Dongfeng Honda and electronic product manufactures such as Foxconn, a key supplier for Apple, to resume production. Support has also been given to manufactures that are crucial to the world's supply chain security, Hu Yabo, executive vice-mayor of Wuhan, said at a news conference held in the city on Sunday.

The center was illegally established and operated, the Shaoguan court said. It characterized the case as odious.

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The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

The center will also provide commercial support to Chinese offshore wind developers, and test new technologies on a 300-megawatt wind farm in the Yellow Sea.