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The People's Bank of China (PBOC) conducted 100 billion yuan of reverse repos Monday, pumping a net 20 billion yuan into the market as 80 billion yuan of reverse repos matured.

The Quadrobot U1, a four-wheel-drive electric delivery van that has 35 kilowatts of power, about 47 horsepower and can travel up to 200 miles on a single charge. Quadrobot, a company headed by Hangzhou native Mike Tianye Wang, expects to deploy 2,000 of the vehicles in China and the US this year. PROVIDED TO CHINA DAILY

The Russian entrepreneur is among foreign investors benefiting from the favorable business environment in China.

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The Riverside County Sheriff's Department confirmed on Twitter that the crash occurred around Van Buren and the 215 Freeway. The pilot was ejected and being medically evaluated.

The Rug gets a shake-up

The Republic of Korea's Yonhap News Agency reported that the US military on Sunday had moved 100 wooden "temporary transit cases" to the ROK-DPRK border to receive the remains of the soldiers.

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The SOE reform is also tied to a guideline of upgrading China's manufacturing and industrial structure to produce higher value-added, more technologically sophisticated products. The guideline will support efforts to accelerate the integration of new information technology and manufacturing, speed up the innovative development of the industrial internet, hasten the fundamental transformation of manufacturing processes and enhance the level of digital, networked and intelligent modes of manufacturing.

The People's Bank of China, the central bank, launched a slew of measures on Saturday to stabilize the economy, including credit easing and liquidity injection, especially for private, small and micro enterprises as well as manufacturing companies.

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The People's Bank of China said liquidity had been at a relatively high level, and could offset factors such as reverse repos maturing that drain liquidity from the market.

The SOA will continue to monitor the situation and provide updates, it said.