The move aims to keep liquidity in the banking system at a reasonably sufficient level, the central bank said.
The mystery event?closely follows a string of other announcements, which begin to show Amazon?is positioning itself to be the go-to brand for a whole ecosystem of services, from shopping to entertainment and now even texting and talking.
The move will provide the momentum to reach the target of having 100 stores by the end of 2018, according to Hema's CEO Hou Yi.
The move marked the strengthened efforts of the central government to crack down on local statistical fraud, as the country has put more emphasis on the authenticity of data amid lingering economic headwinds.
The municipality, which covers more than 31,000 square miles, is home to more than 30 million people. In 1997, it became the fourth municipality of China after Beijing, Shanghai and Tianjin. As the commerce and transportation center of western China, Chongqing has become number one on the World Travel and Tourism Council's most recent "10 Fastest Developing Tourism Cities In The World" list.
The move aims to help enterprises lower operating costs and boost productivity. It is the latest move by China to push forward the Made in China 2025 strategy.
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The monetary policy transmission mechanisms will be further smoothed out while the proportion of direct financing will be increased to make financing more accessible and affordable for the private sector and small businesses, according to a statement issued after the meeting.
The mission is a continuation of work carried out this year, when the central government set a goal to renovate 80,000 km of rural road and 1,800 unsafe bridges.
The moves came after vehicle sales in China plummeted in January, the 19th consecutive month of decline.
The moment that the world is going through is marked by a high level of uncertainty related to a threatening pandemic, a major economic crisis, and tensions between the United States and China, which indicates they will continue whatever the results of the US election in November.