The central authorities have also adjusted the visa-free policy for inbound tourism in Hainan to 59 countries from 26 countries since May 1. Hainan's inbound tourists exceeded 1 million for the first time in 2017, reaching 1.1194 million, an increase of 49.5 percent year-on-year, according to data from Hainan provincial tourism commission. This year, Hainan plans to attract more than 1.3 million overseas tourists.
The central bank will continue to roll out detailed rules governing financial holding firms and work with other regulators to enhance the ability of financial holding firms to serve the real economy, he added.
The city was selected before the US had any known of any coronavirus cases, not because of the outbreak that erupted there, officials said. Washington state has been hard hit by the virus, with more than 670 cases to date.
The city's metro operator made the decision following suggestions from political advisors including Su Zhongyang.
The chief economist at the International Monetary Fund, or IMF, has warned that countries can expect more waves of economic turmoil as the novel coronavirus continues to hold the world in its grip.
The central government's State-owned enterprises posted better-than-expected net profits of 535.32 billion yuan (.66 billion) in the first half of the year, thanks to supply-side reform, innovation and curbs on capital outflow, the country's top SOE regulator said on Tuesday.
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The central bank has vowed to contain financial leverage, fending off financial risks involved in key areas such as shadow banking and real estate financing.
The city government is moving manufacturers and wholesale markets, as well as other industries, to outlying areas to ease pressure on resources and reduce congestion. Experts say layoffs are inevitable.
The center said the cold air penetrated further to affect southern parts of the country on Thursday, resulting in a temperature decrease of up to 12 C.
The city said it will enhance data sharing between departments to provide more convenience to applicants.