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The NDRC document also demanded cities with populations above 5 million to improve their policies and drastically expand the scale of permanent residency.

The PPP financing model, which was promoted by the central government from 2015, aims to ease part of the local governments' infrastructure spending pressure. But the rising liquidity shortage, mainly due to the high reliance on short-term debt and limited access to external financing, sparked policymakers' worries on debt risks.

The PBOC said the move will encourage financial institutions to enhance financial support for small and micro businesses as well as green economy sectors.

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The PBOC started research on its digital legal tender in 2014. The State Council approved the PBOC's digital currency development program at the end of 2017, jointly with some qualified commercial banks and institutions. The central bank called the new money as "digital currency and electronic payment".

The Ministry of Finance said that during the first eight months of this year, total tax income was 11.71 trillion yuan (.64 trillion), and nearly 40 percent of it came from VAT. The consumption tax stood at 1.04 trillion yuan in the same period.

The Ministry of Human Resources and Social Security said this week that 5.9 million have reached jobs through the program. About 23 million rural workers arrived at their jobs by April 10, accounting for 86 percent of the tally last year.

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The NDRC has been working hard to step up production of medical supplies, including offering support for those that need to restore or expand their production capacity, as part of its larger efforts to prevent the spread of the novel coronavirus and guarantee stable economic operations.

The Ministry of Transport had suspended the service after two female passengers were killed last year by their Hitch drivers, one of whom was executed in August.

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The PCR test fee will be cut by 20 percent to 9,000 tenge, or , the statement added.

The PHP-RMB spot market is seen to help boost trade and business relations between the Philippines and China.