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Instead of lowering the RRR for all banks, Monday's cut is a focused tool that can improve monetary policy efficiency and avoid a "flood-like" stimulus, said analysts.

Inner Mongolia-based group looks to expand overseas via proposed deal

Instead, the president urged lawmakers to provide him the .7 billion he is seeking for border security.

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Innovation in financing for intellectual property was another major achievement in Hainan after the island province issued the country's first IP asset securities late last year with plans to raise 470 million yuan (.5 million) of funds.

Instead of participating in the operation and administration of SOEs, the new companies will focus on managing the capital, facilitate adaptive capital flows and make effective investments, said the official.

Iran's Foreign Ministry welcomed the ICJ ruling, saying it proves "Iran's righteousness and US illegitimate and oppressive sanctions," and Washington is isolated further due to its "wrong" policies vis-a-vis other independent countries.

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Inside, fans were rewarded with an electric atmosphere and a slickly produced show, with jumbotrons, subwoofers and a high-tech lighting system creating an overall effect akin to a live NBA game.

Internet giant's advanced tech to aid modernization in the metropolis

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Interestingly, four of the 10 companies on the “nice” list — Amazon.com, Costco, Microsoft and REI — are headquartered in the Seattle area.

Inspired by his efforts, many kindergarten students have been asked by their teachers to use shells to create such figures.