The PBOC started research on its digital legal tender in 2014. The State Council, the nation's cabinet, approved the PBOC's digital currency development program at the end of 2017, jointly with some qualified commercial banks and institutions. The central bank called the new money as "digital currency and electronic payment", or DC/EP.
The National Energy Administration included the power station in the first batch of solar thermal power generation demonstration projects in 2016.
The NDRC said in a statement that the new move is part of the country's larger drive to fight the COVID-19 outbreak and inject new impetus to economic growth. It also said it is necessary to cultivate new types of consumption and foster consumption upgrading.
The NDRC is expected to submit a full plan of the strategy to the State Council at the end of this year.
The NPL ratio of Bank of Communications was 1.47 percent by the end of last year, the highest, while Postal Savings Bank of China saw the figure at 0.86 percent, the lowest.
The New Development Bank is planning to expand lending by 60 percent in 2018, aiming to grow to about billion in loans from the .5 billion total anticipated this year, a member of the bank's top management team told China Daily in an exclusive interview.
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The National Tourism Administration said China is expected to transport 150 million Chinese tourists, who will spend 0 billion in the Belt and Road countries during the "13th Five-Year Plan" (2016-2020) period. In return, China will attract 85 million tourists from the Belt and Road countries to travel to China, bringing in about 0 billion in tourism revenue.
The Ministry of Human Resources and Social Security said 1,350 competitors won prizes, with teams from provincial-level regions in eastern China such as Jiangsu and Shanghai edging out those from western and central areas.
The New York Times, in an article posted on its website on Monday entitled "US Firms Want in on China's Global 'One Belt, One Road' Spending", cited General Electric as a winner in the initiative.
The NMC reminded local residents to halt outdoor work and take precautions against mountain torrents, landslides and mud-rock flows.