The move will reduce the financial burden on bank clients by 6.1 billion yuan (7.7 million) each year, the National Development and Reform Commission (NDRC) estimated.
The move came hours after Pyongyang fired two projectiles toward the sea
The much-criticized tweet was posted a day after Trump stirred controversy by telling an Asian American reporter to "ask China" when pressed on why he continues to bring up the US coronavirus testing capacity.
The move came within a week of Ford's signing a memorandum of understanding with Zotye Automobile to produce electric cars. Volkswaguen partnered with JAC Motors on electric cars in May.
The model is achieved through internet of things technologies, which are applied to connect users' phones to employees and farming facilities, including temperature control and water tubes.
The move, together with the routine return of excessive required reserves to some banks, can offset the impact of factors including tax payments and government bond issuance, keeping liquidity in the banking system at a reasonable and ample level, according to a PBOC statement.
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The model meets China's surging demands in the general aviation sector for aircraft to be used for border patrol, law enforcement, rescue and relief missions and forest firefighting.
The nation's forestry authority issued a notice on Monday pledging to crack down on the illegal hunting, transportation and trading of wildlife and tighten supervision of captive-bred animal farms to safeguard public health.
The move came as Didi reached a cooperation agreement with Bluegogo, once a popular Chinese bike-sharing service provider that is currently facing rough weather.
The move came amid surging natural gas demand in China as millions of households switched to gas from coal for heating this winter to help combat air pollution.