Large commercial banks also increased their medium-term borrowing rates. A branch of Bank of China Ltd, the country's fourth largest State-owned commercial lender by assets, offered three-year CDs with a denomination of 200,000 yuan at an interest rate of 3.85 percent. Its three-year fixed-term interest rate was 3.575 percent on Tuesday, compared with the benchmark rate of 2.75 percent.
Last year, donations to charities topped 82 billion yuan (.49 billion), a tenfold jump compared with a decade ago, the Ministry of Civil Affairs reported.
Last summer,?Alibaba launched 11Main.com,?a collection of online boutiques selling goods from the U.S. But still, even while that site is primarily aimed at Americans, it too is attracting Asian buyers. An executive at?11main.com told Reuters?a quarter of its products can?be shipped to Asia, and that eventually they hope to help sellers gain access to Alibaba’s huge footprint in China.
Last week, Southwest Airlines and American Airlines Group said they had removed MAX jets from their schedules through early March. Previously, the airlines hoped to return the plane to service in January or February. The airlines want to retrain all pilots on the updated MCAS software to avoid scheduling problems that might arise if only some pilots have been cleared to fly the MAX.
Last month, logistics services faced the challenge of workforce shortages. This caused a backlog in goods, followed by a decline in the average transaction value of commodities and higher refunds.
Last month in Spain, Audi debuted an A8 sedan with Level 3 functions, which will reach the market in 2018. Meanwhile Ford and Volvo are planning to skip Level 3 to Level 4, at which a vehicle can drive itself without human intervention in most driving conditions.
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Last year, 192 gas-electric hybrid taxis were put into use in the city. The bike-sharing company ofo also launched its services in Lhasa, releasing 3,600 shared bikes onto the streets.
Large-scale commercial use of self-driving technology may become a reality sooner than expected, according to search giant Baidu Inc.
Last month's mass shooting at a Florida high school put renewed focus on the role of armed school security guards, after a video showed that a sheriff's deputy at the school approached but did not enter the building where the attack was taking place.
Last month, BMW announced it would recall more than 86,000 imported X5 and X6 vehicles in China due to a problem with the drive shaft.