The central government has adopted a mix of monetary and infrastructure standards to track the campaign's progress. To escape absolute poverty, the rural poor first need to cross a per capita annual income threshold, first set in 2010, which the office said would reach 4,000 yuan (4) this year.
The central bank added a new factor to the currency's pricing model in May, providing more room for the government to maintain stability, some experts say.
The central government has ordered the governments in all seven places to submit plans to rectify the problems revealed in the inspections.
The city's successful control of such crimes has yielded a model that could be followed elsewhere.
The city, home to the world-famous Tsingtao Beer and home appliance giant Haier, has made significant achievements in supply-side reform and the nurturing of new economic drivers. From January to February, profits of its larger industrial enterprises rose by 12 percent, half a percentage point more than in the same period last year.
The central bank is aiming this year to "win the battle of preventing and reducing large financial risks" and reiterated its role as "the lender of last resort", which means the it will provide money to financial institutions that are experiencing financial difficulty to prevent their collapse. Last year, financial regulators took over Baoshang Bank in the Inner Mongolia autonomous region and provided liquidity to prevent the spread of financial risks.
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The center will also cultivate talents and experts in Tarim River Basin management.
The cities on the shoreline of Guangxi's Beibu Gulf, including Fangchenggang, Qinzhou and Beihai, have become hot spots for investment as the cities' ports now serve as an important transit in the rail-sea freight routes under the New International Land-Sea Trade Corridor, a trade and logistics passage jointly launched by western Chinese provincial regions and Singapore.
The central bank report underlined that monetary policy, in tandem with changes to economic fundamentals and the need for deleveraging, preventing bubbles and eliminating risks, has yielded good results such as the moderate liquidity, reasonable growth of credit and social financing, modest interest rates and stable exchange rates.
The central bank on Wednesday cut the RRR for banks except policy lenders by one percentage point to help small businesses, and to improve overall stability and liquidity in the economy.