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The central government has beefed up measures to stabilize the economy, including cutting the amount of cash banks must hold in reserve, with experts saying the moves show the resolve of policymakers to ensure stable growth.

The central bank has conducted open market operation reverse repos for nine-consecutive days.

The city will implement an upgraded recruitment initiative, the Taihu Lake Talent Plan 2.0, that will provide greater support for wooing talents with a global vision, according to a government press conference held on Thursday.

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The central bank and the three regulatory commissions will make policies independently as before, but they should put these on the committee's records, said the article. "For cross-industry and cross-market regulatory policies, the committee will coordinate with those institutions to jointly make a draft."

The central bank's vice-governor warned that China's monetary policy should prevent excessive money issuance that may lead to several "bad results". In the meantime, it should remain flexible, taking "countercyclical" measures to support economic development.

The central government approved a 30 billion yuan budget and helped channel 60 billion yuan of local government spending and social funding to carry out environmental treatment in mining areas in 2016.

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The chain is being sued by Bruce Lee Enterprises LLC, a California-based company run by Lee's daughter, Shannon Lee. The case was accepted by Shanghai No 2 Intermediate People's Court on Dec 5.

The city also plans to accelerate construction of three subway lines this year and will open three including the line connecting the new Beijing Daxing International Airport with the downtown district, the transportation commission said. Metro lines in Beijing are expected to have nearly 700 kilometers of rail in operation by the end of 2019.

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The city also has several national-level industrial parks which enjoy favorable openingup policies, including the Sino-German Eco-Park, Qingdao Economic and Technological Development Zone and Qingdao Bonded Port Area.

The central bank cut the RRR for rural commercial banks in May, which has released 300 billion yuan to leverage more lending to small and private companies, according to the PBOC.