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The city of Qingdao, Shandong province, which hosted the 18th Shanghai Cooperation Organization Summit over the weekend, has become an essential hub linking China with other SCO member states.

The central bank will augment the national credit information system with databases set up by local governments for SMEs, said Zhu Hexin, vice-governor of the PBOC.

The centers will open to all locals who have the desire to improve their standard Chinese language, vocational skills and knowledge of laws. They can choose to take courses of different lengths while coming and going freely, he added.

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The city is poised to become a financial center in southwestern China thanks to its political and geographic significance.

The city will also launch a mobile app and upgrade recommended routes for shopping and travel in the city to provide a better experience for consumers.

The city will borrow funds to immediately invest in rental assistance programs, affordable housing non-profits, homeless service providers, grocery vouchers, and to provide cash assistance to small businesses. The borrowed funds will be paid back using money raised through the tax in its first year. When the pandemic subsides, money raised through the tax will fund affordable housing and homeless services.

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The central bank also innovated policy tools, such as a small business loan purchase program, and further delayed loan and interest repayments by small and medium-sized companies to support the real economy by channeling funds directly into the sectors. But analysts said these programs may reduce liquidity supplies to the interbank system and the available funds for buying government bonds.

The city has been implementing a four-year action plan to control air pollution since 2014.

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The central authorities can use many kinds of performance reviews to evaluate local governments, putting pollution control as part of their performance review. The Communist Party of China (CPC) has a special supervisory team to determine if local governments seriously implemented the central authorities' policies, including environmental policy. This is really serious for local leaders, she said.

The central government has increased the basic living allowance it gives to orphans by 50 percent beginning this year, said Guo Yuqiang, director of the child welfare department of the ministry, at a press conference.