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The central bank has approved 1 trillion yuan for relending and rediscount provisions, adding to the earlier batch of 500 billion yuan quota to boost credit for small and medium-sized companies.

The circular said that the tariffs will come into effect starting from next month.

The central government has launched a national survey on the progress of poverty alleviation as the country drives to meet its goal of lifting its entire rural population out of poverty this year, with analysts saying the survey could help usher in more targeted aid measures for impoverished individuals.

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The center now houses more than 70 patients. Some of them are paralyzed, limited in intellectual functioning and unable to take care of themselves.

The city's tourism revenue jumped 18.3 percent from a year earlier to more than 1.68 billion yuan (0 million) last year, said Li Yiqiang, deputy director of the city's Commission of Tourism Development.

The central bank has increasingly relied on open market operations for liquidity management, rather than cuts in interest rates or reserve requirement ratios.

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The character "kun", meaning trapped, is voted word of 2019 across Taiwan Straits. [Photo/Xinhua]

The challenge of ‘induced demand’

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The central bank will significantly increase the relending and rediscount quota targeted at micro and small businesses, PBOC Governor Yi Gang said.

The chip, named X2-6070, has achieved the highest bit density, and highest capacity so far among all 3D NAND flash memory products on the market currently, YMTC claimed.