The Chinese central bank cut the interest rate of seven-day reverse repurchase agreements to 2.2 percent from 2.4 percent on Monday, the biggest drop within five years, sending signals that top leaders are scaling up stimulus to avert further economic slowdown from the coronavirus pandemic.
The China branch of French pharmaceutical company Servier and China's pharmacy company Yixintang Pharmaceutical Group Co announced Monday that they have formed a strategic partnership for "resource sharing and mutual benefits", to provide high-quality and innovative medicine products from Servier China to patients in provinces and regions covered by Yixintang.
The China Meteorological Administration reminded travelers to pay more attention to traffic safety when driving.
The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, US, Jan 16, 2019. [Photo/Agencies]
The China Banking Association, a self-regulatory organization of the Chinese banking sector, also discouraged its members from blacklisting people who temporarily lose their sources of income and are therefore likely to default on their personal loans or credit cards.
The China National Tourism Administration has announced it will set up an office in Kazakhstan, with operations expected to start in 2020.
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The ChiNext Index, China's NASDAQ-style board of growth enterprises, gained 0.63 percent to close at 2,701.6 points Tuesday. [Photo/Sipa]
The Central Economic Work Conference made it clear that work will be focused on increasing supply of homes for low-income workers through renewal and regeneration of existing residential projects and urban communities, and significantly increasing rental housing, according to Xinhua News Agency.
The California-headquartered company has committed to investing 3.5 billion yuan (7 million) in these centers, which will seek graduates from China's leading universities including Peking University, Tsinghua University and Shanghai Jiao Tong University.
The Chang'e 3 probe was launched in December 2013 and was the first Chinese spacecraft to touch down on the lunar surface. The mission marked the first soft landing by a man-made object on the moon in nearly four decades. Carried by Chang'e 3, Yutu, the first Chinese lunar rover, worked on the moon for nearly 1,000 days. Chang'e 3's lander is still operational and sending back data to Earth.