The PBOC had specified that banks' annual outstanding or new loans for inclusive financing should account for a certain portion of their total lending, if they wish to become eligible for the RRR cut.
The NDB intends to establish a new relationship of equality, mutual respect and trust between the bank and member countries. In addition, it intends to be fast, flexible and efficient by designing a more streamlined project review and implementation oversight without unnecessary bureaucracy.
The PBOC conducted 70 billion yuan of seven-day reverse repos at an interest rate of 2.55 percent, 50 billion yuan of 14-day reverse repos at 2.7 percent, and 30 billion yuan of 28-day operations at 2.85 percent. All rates were unchanged from previous operations.
The NDRC said it would further improve the corporate governance of enterprises by ensuring that the injection of private and foreign capital would efficiently improve the management of State assets and promote new management and business models for SOEs.
The NMC has advised people and vessels in disaster-prone areas to take shelter from winds and stay vigilant for possible flooding, landslides and mudslides.
The National Association of College Stores — a trade association that represents more than 3,100 college bookstores — was none too pleased last year when Amazon.com touted an offer for students to save up to 60 percent on new textbooks; up to 90 percent on used textbooks; and as much as 60 percent off when . The association filed a complaint over Amazon’s advertising, calling the claims “misleading” and “deceptive.”
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The October sales was up 4.1 percent month on month thanks to effective local sales promotions and positive market sentiment, said the association.
The NYC Pride March, started in 1970, is one of the world's best known LGBT events. This year's theme is "We Are Proud."
The National Health Commission said Saturday that it received reports of 19 new confirmed COVID-19 cases on the Chinese mainland on Friday, of which 18 were imported. The new domestic case was reported in Hubei Province.
The National Narcotics Control Commission holds a news conference on Sept 3, 2019. [Photo by Cui Jia/chinadaily.com.cn]