The decision marked the third RRR cuts the central bank has announced this year to shore up the economy. The previous cuts, announced on Jan 1 and March 13 respectively, released a total of 1.35 trillion yuan of liquidity into the market.
The decline came amid continued government efforts to crack down on high-risk shadow banking businesses involving trust companies, which are often subject to less regulatory oversight.
The decision by Senate Majority Leader Mitch McConnell late Saturday came not long after McCain's office disclosed that he had undergone surgery to remove a blood clot from above his left eye. He's expected to be out for the week, recovering in Arizona.
The delta region encompasses Shanghai and the provinces of Jiangsu, Zhejiang and Anhui, covering around 358,000 square kilometers and generating about one-quarter of the country's GDP. The delta area's economy is not only large, but also includes a lot of dominant industries with distinct competitiveness nationally or globally, including finance, trade, manufacturing and some cutting-edge tech sectors.
The document was the latest move to promote residential consumption, which contributed 58.8 percent of economic growth last year. The number was nearly 4 percentage points higher than that in 2013, according to the Government Work Report delivered by Premier Li Keqiang in March.
The demonstration zone is expected to facilitate trade, investment, cross-border flow of capital, employment, transportation, as well as the safe and orderly flow of data by 2030.
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The document helps strengthen the protection of old revolutionary areas, and aims to promote overall planning within a particular area by enhancing resource integration and reinforcing unified regional protection, Liu added.
The department said in a statement that Chinese exporters of aluminum foil had sold their products in US market at prices "that resulted in preliminary dumping margins of 96.81 percent to 162.24 percent."
The death toll rose to six in the roof collapse at a bar early Monday in South China's Guangxi Zhuang autonomous region. Eighty-seven were injured. [Photo by Chen Zhihao for chinadaily.com.cn]
The diversion is the largest of its kind in scale and investment in Southwest China. As a result of the region's difficult geology, which is unfriendly to construction, it is also among the most demanding projects ever to be undertaken, the ministry said.