The central bank hoped that the cut would supplement other measures to support the economy, including concessional financing to companies that do not lay off workers, one-year extension in principal payments and doubling of the period for rescheduling of loans.
The central authorities have invested more than 3 billion yuan (4.66 million) on research and development of renewable energy technologies during the 12th and 13th Five-Year Plan (2011-20) periods, data from the National Energy Administration and the Ministry of Science and Technology showed.
The charitable group has set up 75 permanent cataract treatment centers, which also provide training for doctors from local hospitals in the treatment of common eye ailments.
The city has collected and preserved evidence, and taken necessary measures to secure the property. It submitted its preliminary investigative results to the investigation team at a higher level, said Hong Ziqiang, executive vice-mayor of Quanzhou, at a news conference held at about 6 pm on Wednesday in Quanzhou.
The city, located in the northern part of Jiangsu, will be connected with Shanghai by high-speed rail by the end of this month. The opening of the railway, which will reduce the travel time between the cities to less than 2.5 hours, is set to accelerate the economic and cultural cooperation between the cities, said Wu Xiaodan, chief of Yancheng's publicity department.
The circular strictly forbids using the new special bonds for the replacement of outstanding debt, as well as recurring expenditure, unit operating expenses, payment of pensions, paychecks or interest payments.
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The central bank will also support the cooperation between the Shanghai Gold Exchange and the Chicago Mercantile Exchange (CME), vowing to introduce derivatives based on the Shanghai Gold Benchmark Price on the CME.
The centrally-administrated State-owned enterprise, which also runs joint ventures with carmakers such as Volkswagen and Toyota in China, saw its sales revenue reach 431.6 billion yuan, up almost 11 percent year-on-year, yielding a profit of 28.56 billion yuan.
The central bank is issuing a set of commemorative coins on Thursday themed after auspicious culture.
The ceremony marks Hong Kong’s integration with the mainland’s high-speed rail network – the longest in the world and also the most extensively traveled.