The move, in tandem with a string of local governments in China, aims to launch online investment platforms and use livestreaming events to promote domestic offerings and seize opportunities overseas.
The money is intended to be used as a guarantee for fixing defects during the first one to two years after a construction project begins, and a 2 percentage point cut means less burden for enterprises, according to Li Rusheng, a senior official with the Ministry of Housing and Urban-Rural Development.
The most famous Shaxian dishes are steamed dumplings, soups, dried noodles with special sauce and wontons.
The move came after Huawei posted strong revenue performance in 2019 despite the US government's restrictions.
The move was aimed at offsetting the impact of such factors as tax payments and keeping liquidity in the banking system at a reasonable and sufficient level, a PBOC statement said.
The municipal meteorological observatory issued a blue alert for typhoon and storms Monday noon, but upgraded the alert to orange at around Tuesday noon.
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The narrowing of services trade deficit was mainly caused by the reduction of overseas tourism and education activities as a result of the COVID-19 pandemic. These activities used to greatly contribute to China's services exports, said Lian Ping, chief economist of Zhixin Investment.
The move can also effectively lower financing costs of financial institutions and reduce the lending rate to corporate borrowers, both of which help companies endure external and internal headwinds, Sheng said.
The move marks the start of China's large-scale fish farming in distant, deep seas.
The move, the first and only in the country so far, simplifies the application procedures and fast-tracks the establishment of a talent network that is globally competitive, the administration said.