The move was aimed at offsetting the impact of tax payments and government bond issuance and keeping liquidity in the banking system at a reasonable and ample level, according to a PBOC statement.
The ministry's move followed a US Commerce Department announcement earlier this week that it was starting new investigations to determine if steel wheels from China are being dumped in the US and whether manufacturers in China are receiving subsidies.
The municipal government plans to gradually relocate some of its functions to Tongzhou, a move designed to develop the district as a new subcenter of Beijing and address issues like overcrowding and congestion in downtown areas.
The move came as surging demand for online study from hundreds of millions of students has boosted online education to new heights amid the COVID-19 pandemic. The education sector, which traditionally relies on offline schools and institutions, is moving online seemingly overnight.
The move is part of a deal Huawei signed with the Guizhou provincial government last November, as the Chinese technology juggernaut intensifies resources to compete globally.
The move marks TME's latest step in building an internet-enabled, technology-driven ecosystem that revolutionizes the way music is consumed, according to Lu Zhenwang, senior internet analyst from Shanghai-based Wanqing Consultancy.
专业seo网站优化
The move came as China Mobile accelerates steps to construct the fifth-generation wireless technology shortly after it won a 5G commercial license. The company aims to offer 5G commercial services in 40 cities by September.
The mission to China is a result of collaboration through the strategy, and ACOA is convinced it will serve as a catalyst to increase Canadian exports and leverage Canada's competitive advantages.
The move is offset by the same amount of maturing reverse repos, which means market liquidity remains intact.
The narrow measure of the money supply (M1), which covers cash in circulation plus demand deposits, stood at 60.43 trillion yuan by the end of June, up 6.5 percent from a year ago.