The PBOC still has enough room to further cut the RRR, broadly or in a targeted manner, to maintain a certain growth rate in broad money supply and stabilize the economy, said Ma. "The central bank can also strengthen its open market operations if required."
The PPP was conceived as a lifeline to small businesses shuttered by the coronavirus pandemic, but it also faced criticism as some big publicly traded companies secured millions of dollars of PPP loans.
The National Statistics Bureau said in January that China had almost 250 million people age 60 and above, accounting for 17.9 percent of its population.
The PBOC announced a cut in the ratio by 0.5 percentage point on Friday, after the other 0.5 percentage point cut on Jan 15. The cuts will inject net long-term funds of about 800 billion yuan, the PBOC said.
The Mulberry Garden Dikes project, or Sangyuanwei, in Foshan, Guangdong province, was listed as the World Heritage Irrigation Structure by the International Commission on Irrigation and Drainage in Morocco on Wednesday.
The National Intellectual Property Administration has set up a center to help enterprises better solve intellectual property rights disputes overseas, the administration said on Wednesday.
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The Monetary Authority of Macao (AMCM) on Sunday said in a statement that a feasibility study on the proposal was being conducted by an international consultancy firm after the task was listed in the Outline Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, a blueprint of the zone's integrated development published by the central government in February.
The NED, a Washington-based private, nonprofit foundation and think tank, was founded in 1983, a year after former US President Ronald Reagan proposed an initiative while delivering a speech to the British Parliament "to foster the infrastructure of democracy".
The Nintendo booth was a prime destination as PAX West 2017 began. (GeekWire Photo / Nat Levy)
The National Development and Reform Commission, setting out the major tasks for economic and social development in 2019, said it will give more support to Hong Kong and Macao in integrating themselves into the overall development of the country, and accelerate the planning and development of the Guangdong-Hong Kong-Macao Greater Bay Area.