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The People's Bank of China lowered the rate via its open-market operations, after a pause starting Feb 17. Through reverse repurchase agreements, the PBOC injected 50 billion yuan (.1 billion) of liquidity into the banking system, according to a statement.

The People's Bank of China (PBOC) headquarters in Beijing, Aug 3, 2018. [Photo/VCG]

The People's Bank of China said on its website that it will conduct 80 billion yuan (.8 billion) of seven-day reverse repos at an interest rate of 2.55 percent. It will also conduct another 20 billion yuan of 28-day reverse repos at 2.85 percent.

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The Qingdao-Nanjing gas pipeline, owned by China Petroleum and Chemical Corp, the world's largest refiner by volume, started construction on June 14, which will ensure sufficient gas supply in the country's eastern parts, said the company.

The Seattle Times reported Monday that the latest models from the University of Washington's Institute for Health Metrics and Evaluation (IMHE) suggest the state will hit "peak resource use" on April 2 and project daily COVID-19 deaths will peak Monday, before dropping to 18 deaths per day during April 7-9 and declining slowly from there.

The Republic of Korea's Moon Jae-in (left) greets with the Democratic People's Republic of Korea's leader Kim Jong-un (right) before their second summit at the north side of the truce village of Panmunjom on May 26. [Photo/VCG]

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The Qingdao West Coast New Area Bonded Logistics Center was busy after the "Double 11" online shopping spree, which lasted from around the beginning of November until Nov 11, where workers from e-commerce platforms feverishly sorted parcels coming from around the world and heading all over the country.

The Qingdao site is currently barren due to a buildup of mineral deposits.

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The S&P 500 may follow the Dow into bear territory Thursday if the broad market continues its decline.

The Sankei newspaper said the decision was made at a cabinet meeting on Tuesday after the government decided it would be difficult to resume commercial whaling while a member of the international body.