The NPC recently introduced legislation at the national level to improve the enforcement mechanisms for Hong Kong. By June 1, more than 2.9 million of Hong Kong's more than 7.5 million residents had signed a petition to support the legislation.
The OECD projected that China's fiscal policy will remain supportive, with a number of tax cuts and extensions of social benefits promoting consumption amid weak consumer confidence.
The Nikkei, Japanese flagship publication and financial newspaper, reported major economic indicators in China showed that the country has registered significant rebounds in various sectors.
The National Meteorological Center issued a red alert for Lekima on Friday, saying wind speeds in the center of the storm system were sustained at about 55 meters per second, making it the strongest typhoon to hit the nation this year.
The NACS statement continued:
The Netherlands looks forward to strengthening cooperation with China regarding international and regional affairs, the king said.
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The PBOC also lent 400 billion yuan (.92 billion) to financial institutions through the MLF tool, slightly less than a batch of MLF loans worth 403.5 billion yuan due to mature on Tuesday.
The National Vaccine & Serum Institute, an affiliate to CNBG that is developing a genetically engineered vaccine for the virus, has completed the gene sequence synthesis, and is taking the next steps including construction of recombinant plasmid and selection of engineering bacteria.
The PBOC's injection of additional funds into the financial sector aimed to ease the tightening liquidity in a period of tax payment, and to supplement capital for local government bond issuance, said Ming Ming, an economist with CITIC Securities.
The MoU was signed by Morocco's Employers Association (CGEM) and China Council for the Promotion of International Trade (CCPIT) in Morocco's economic capital Casablanca.