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The National Development and Reform Commission has launched an action plan to encourage newer business models including e-commerce, new retailing and online consumption. The Ministry of Commerce has also launched guidelines to encourage small and mediumsized companies to sell products through livestreaming.

The PBOC also highlighted the need to control financial risks and said risk prevention mechanisms will be maintained over the longer term after the current three-year battle to contain financial risks ends.

The No 5 nuclear power unit in Fuqing, Fujian province, was connected to the power network and it has started generating electricity, the company said in a statement.

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The Ningxia Hui autonomous region allocated three fourths of its annual financial funds in 2019 to the livelihood of the people, according to the government work report read by chairwoman Xian Hui during the ongoing third session of the 12th people's congress of the region, which opened on Saturday.

The PBOC is exploring blockchain applications in intellectual property transactions, as well as in interbank financial transactions, Li said.

The National Weather Service (NWS) issued flash flood warning for the Woolsey Fire and Hill Fire burn areas including all of the Santa Monica Mountains in southeast Ventura County and Southwest Los Angeles County in southwestern California. Local officials ordered residents in some locations to leave for safer locations. Several evacuation centers were set up for local residents in the areas.

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The PKM Project is one of the largest transportation infrastructure projects in China-Pakistan Economic Corridor, and will enable Pakistan to serve as a pillar for interconnectivity of the region when completed, said Shahid Khaqan Abbasi, the then Pakistani Prime Minister.

The PBOC said on Wednesday that it will push forward the newly introduced loan prime rate reform, aiming to improve the monetary policy transmission mechanism. Financial institutions are encouraged to use the loan prime rate as a benchmark to set loan prices and reduce corporate financing costs.

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The Moroccan bank has been involved in several projects with Chinese institutions and firms, including the establishment of an industrial park in northern Morocco and the building of the tallest skyscraper in Africa in the capital Rabat.

The New York entrepreneur is doing his best to make a name for himself in the bursting Democratic primary field of US presidential candidates.