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The Newton Fund in China, referred to as the UK-China Research and Innovation Partnership Fund, has Chinese funding partners that include the Ministry of Science and Technology, Ministry of Education, and eight academies, foundations, and universities.

The PBOC also expects yuan usage to rise so that it can play a more important role as a global reserve currency.

The PBOC conducted a targeted reserve requirement ratio cut on Monday, effective May 15, to inject 280 billion yuan to small banks and to increase lending to small and medium-sized enterprises, as well as to support the private sector.

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The NBS report also found nearly one in four such workers were aged 50 and above last year, about six times the level of 2009.

The Nigerien side greatly values its relations with China and stands ready to enhance mutually beneficial cooperation with China in various fields, said Issoufou.

The PSA also said that total exports receipt recorded by the Philippines' top 10 market destinations in March amounted to .64 billion or 84.2 percent share of the total.

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The Mongolian government plans to end the system of three shifts in schools by 2020 in a bid to improve access and the quality of general education, says the minister, adding that to this end, Mongolia will have to build at least 50 new schools.

The NBER paper argued that the negative impacts of COVID-19 on minority- and immigrant-owned businesses, if prolonged, could be problematic for broader racial inequality because of the importance of minority businesses for local job creation, economic advancement, and longer-term wealth inequality.

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The National Development and Reform Commission has also invested 300 million yuan from the central budget to support the construction of a new hospital in Wuhan, capital of Hubei, which is designated to treat patients infected with the new virus, he said.

The PBOC has made continuous efforts to reduce financing costs faced by the real economy this year, including reforming the LPR. The latest one-year LPR, released on Friday, was 4.20 percent, lower than August's 4.25 percent.