The Chinese CBDC will be controlled by the central bank, and residents will be able to exchange the digital currency in commercial institutions. The CBDC is also 100 percent backed by the reserves that commercial institutions pay to the central bank, according to the PBOC official.
The Chang'e-4 probe, expected to be launched this year, will be the first to land on the far side of the moon and it will carry scientific payloads developed by the Netherlands, Sweden, Germany and Saudi Arabia. China will also send an ocean-observing satellite jointly developed with France into orbit in September this year.
The Chinese laser equipment industry has relied on imports in the past, but domestic companies have grown stronger in recent years.
The Changjiang Water Resources Commission, which is headquartered in Wuhan, Hubei's capital, is in charge of managing the river basin. However, as an agency of the Ministry of Water Resources, it has limited oversight of the area.
The ChiNext's first batch of registration-based IPOs may debut by the end of July, after the Shenzhen bourse starts to review listing applications under the new system from next month, according to Wang.
The Central Committee of the Communist Party of China introduced the reporting mechanism in December 2017 to enhance NPC supervision over SOAs, a move analysts believe will boost transparency and credibility of SOA management
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The Californian wine industry is already at a disadvantage in terms of tariffs in the Chinese market since its competitors, such as Chile and Australia, enjoy free trade agreements with China, said Pat Patrick, president and CEO of Lodi Chamber of Commerce.
The Cboe Volatility Index, widely considered as the best fear gauge in the stock market, surged 20.78 percent to 40.28.
The Chinese government trimmed its 2017 growth target to around 6.5 percent, the lowest in a quarter of a century.
The China Banking and Insurance Regulatory Commission said last month that it had encouraged banks and insurance companies to increase funding to meet the financing demand of the real economy.