The central bank official said additional countercyclical measures will be taken to maintain ample liquidity and further reduce the lending rates.
The central bank will eliminate that interest rate margin, sooner or later, and guide commercial banks to lower lending rates closer to a market-determined level, Sun said.
The city of Kitakyushu in Fukuoka Prefecture has been hit by a second wave of coronavirus infections, after a recent spike in new COVID-19 cases led to the government deploying its cluster response team to the city.
The ceremony was held to mark cooperation regarding the Belt and Road Initiative between the two countries. The initiative, put forward by Xi in 2013, aims to boost interconnectivity between the two countries and free trade between Asia and the rest of the world.
The city had 3,954 confirmed cases of coronavirus as of Thursday morning with 26 people dying from COVID-19 so far.
The charging standard system for electric cars established by the company is one of the major standards in the world, along with three other standards developed by companies in the United States, Germany and Japan, she said.
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The city of Jilin was severely flooded and more than 110,000 people had to be relocated, according to the city flood control and drought relief office.
The challenge of sustainable transition is "common for all of us", he said. "But in this transition, the position of China is particularly crucial. And I am very happy to see China and Chinese institutions are taking an active role in the global arena and are taking the next step to find the best technological solutions."
The central government collected about 1.94 trillion yuan in fiscal revenue during the period, up 6.6 percent year-on-year, while local governments saw fiscal revenue rise 7.4 percent to around 1.97 trillion yuan, according to the Ministry of Finance (MOF).
The city has started running public service ads in Cantonese and Mandarin on Chinese-language television and in newspapers.