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The central bank's vice-governor warned that China's monetary policy should prevent excessive money issuance that may lead to several "bad results". In the meantime, it should remain flexible, taking "countercyclical" measures to support economic development.

The chief of the World Health Organization (WHO) on Wednesday warned against politicizing COVID-19 just a day after US President Donald Trump accused the organization of making wrong calls and threatened to put US funding to it on hold.

The central government allocates 13,200 yuan (,970) annually for every child in Xinhu for food, clothing and other daily necessities.

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The city has also nurtured the most unicorns outside of Silicon Valley and generated many global tech companies such as Baidu, Xiaomi and Sina, and is home to some of China's best universities and top talent, according to JLL.

The city's education department has promoted a series of measures to prevent students from being affected by the epidemic. For example, its middle and primary schools on Monday began online lessons with different course arrangements according to the grades.

The central bank reiterated the importance of the financial sector in serving the real economy at an insider PBOC meeting on Friday presided over by central governor Yi Gang, who asked relevant departments to properly implement the monetary and credit policy in a precise manner.

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The central bank has already cut RRR - the amount that banks need to set aside as reserves--five times since 2018, most recently in January.

The central bank is accelerating its efforts to introduce a government-backed digital currency, aiming at securing a cutting-edge position in the global cryptocurrency race, said Wang Xin, director of the PBOC Research Bureau, at a seminar at Peking University recently.

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The central bank will likely continue to drain funds from the financial system this week as liquidity conditions improve, China Securities said in an analysis note.

The city sees the inaugural expo as a good platform for advancing the services.