The central bank will evaluate domestic economic conditions, the key variable, as it sets policy, and will work to lower real interest rates and reduce financing costs for small and private companies, Yi said. "China still has some room to cut the reserve requirement ratio, but less than in previous years," he added.
The central government collected 860.7 billion yuan in fiscal revenue last month, up 1.2 percent year-on-year, while local governments saw fiscal revenue expand 11.4 percent to 885.4 billion yuan.
The city’s time-honored brands are set for a makeover as the government continues to work on building the “four brands” of Shanghai — services, manufacturing, shopping and culture — over the next three years.
The city has 15 shared bike companies and more than 2.3 million shared bikes, it said.
The central parity rate of the Chinese currency renminbi (RMB), or the yuan, strengthened for the seventh consecutive trading day to 6.3267 on Monday, the strongest level since Nov 2, 2015.
The chancellor noted that her country is committed to promoting EU-China cooperative relations and stands for joint efforts of the EU and China in safeguarding multilateralism.
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The central bank also vowed to intensify counter-cyclical adjustment and improve integrated supervision on systemically important financial institutions.
The city's atmosphere was resplendent with holiday spirit. Red lanterns hung from trees and decorations graced the walls of family homes.
The central authority vowed to regulate the property market order and "firmly curb the rises in housing prices" at a meeting of the Political Bureau of the Communist Party of China Central Committee in July.
The central authorities' ambitious plan to complete government-subsidized renovations in all the country's aging urban residential communities by the end of 2025 is expected to play a key role in stabilizing investment growth, officials said.