The center said drivers in affected regions should slow down, while airports, freeways and ports should take appropriate safety measures.
The challenge will be figuring what to focus on.
The central bank said to maintain a prudent monetary policy that will be more flexible, it will strengthen countercyclical adjustment and maintain liquidity at a reasonably ample level. China will be one of the few major economies that is implementing "normal" monetary policy, the PBOC said.
The city's economy has expanded seven times since 1999, and the city's GDP per capita is now the second highest in the world.
The city will prioritize attracting foreign investors in the following three areas: those engaged in the services sector, those hosting regional/country headquarters, and those seeking to establish research and development sites, Shanghai Mayor Ying Yong said.
The center said that if Bavi lands in Liaoning, it would be the first typhoon to land in the region since 2005, although several storms have since affected the area after landing in the Korean Peninsula.
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The city's flood season, which will begin in June and last till September, is expected to bring dense precipitation, stronger typhoons, more high-temperature days and convective weather, according to Dong Rong, director of Shanghai Meteorological Service, during a news conference on Wednesday.
The central bank's data is largely in line with the market's expectations, said Ming Ming, an economist with CITIC Securities. "In terms of future monetary policy, the central bank's move will be influenced by multiple factors. It is likely to maintain a neutral stand and we should not expect substantial monetary easing."
The change to the business model came when large developers hit hard times. High-end properties weren't selling, so they ditched the old "build-and-sell" model, and began holding on to newly constructed properties. It quickly became apparent that developers could increase profits by retaining properties.
The center screened the third episode of a documentary series on cultural and trade exchanges between China and Argentina, which was co-produced by China Central Television and Argentina's America TV, with the participation of Argentine production agency Integra Industrias Culturales.