The center was launched at a workshop on global digital finance development and governance co-sponsored by the NIFA, the World Bank and the Hangzhou municipal government.
The city government has introduced strong measures to lift their spirits, as well as providing assistance beyond financial support, with the aim of helping them regain a foothold.
The central rural work conference from Dec 28 to Dec 29 maps out plans for the country's rural and agricultural work in 2019. [Photo by Liu Chaochao/For China Daily]
The challenges were magnified by the ongoing novel coronavirus outbreak, which has prevented workers from reaching jobs and led to poor sales of farm produce.
The central bank is considering gradually abandoning this variable as a monitor of monetary policy and economic growth, while shifting to pricing tools, such as interest rates.
The center in Guangxi also will support the BRI and further opening-up of the financial field in the region, it said.
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The chairpersons' meeting approved a plan on the NPC Standing Committee's major tasks, legislation and supervision work for 2018, the statement said.
The central bank has yet to show any sign of changing the tone of its monetary policy, he said, and relaxing the reserve requirement ratio is not the priority for the central bank's liquidity management.
The city then stepped on the gas pedal by unveiling a string of measures such as improved talent policies, preferential taxation, the identification of more high-tech enterprises, and the enhancement of tech-related infrastructure.
The center will employ 200 people and recruitment will begin toward the end of the year.