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The central bank's top researchers have agreed recently that higher interest rates will help to squeeze asset bubbles and restrain debt expansion, as a tool to be used with broader oversight of financial activities.

The city has 16 rail routes to 28 European countries, with more than 700 trips made since the service was launched in 2012.

The city is home to the China headquarters of such big names as Procter and Gamble and insurance giant Allianz, as well as functional headquarters of Sinomach Intelligence Technology and the global headquarters of Wanda Sports.

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The centuries-old grand temple portico and ornate banqueting hall of Mansion House are reminders of the bygone era of the British Empire, but Estlin acknowledges time and the world have changed.

The city hosts several annual major cultural events such as the annual Montreal Jazz Festival and comedy festival Just For Laughs, attracting scores of entertainers who, according to Guibert, have helped turn it into "a world center of expertise in creativity but also in production".

The circular urged flood control authorities to ensure "zero casualties" and to minimize economic losses.

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The city's public schools are set to reopen with in-person learning this week. New York City has the largest public school district in the country, with 1.1 million students.

The central government collected about 2.53 trillion yuan in fiscal revenue during the period, up 5.4 percent year on year, while local governments saw fiscal revenue rise 6.8 percent to around 2.83 trillion yuan, according to statistics from the Ministry of Finance (MOF).

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The central bank is supporting joint action under the G20 mechanism and the global financial safety net to work out a policy mix, in particular measures targeting small and medium-sized enterprises that would help address the short-term impact of COVID-19, and bolster long-term economic recovery, a statement said on Wednesday.

The city established a joint prevention and control mechanism at Yantai International Airport on Tuesday to examine travelers’ health conditions and has set up special channels for them, according to the Information Office of the People’s Government of Yantai.