The center suggested people in affected areas avoid outdoor activities and local authorities take precautions against possible flash floods, mudslides and landslides caused by the downpours.
The central bank's move was to coordinate with the local government bond issuance, to prevent liquidity tightening when the bond sales rise in January, said Wen Bin, chief economist with China Minsheng Bank.
The civil affairs bureau estimated that 6 million people from other cities visited during the holiday to pay tribute to relatives buried in Suzhou. A large number of visitors came from Shanghai, where a tomb costs on average twice the price in Suzhou.
The city plans to enhance its support for the central government's events, raise the service level for international communications and establish a technological innovation center in the next five years, Cai said.
The central bank said the move aims to offset factors such as the commercial banks' payment of required reserves, and maintaining liquidity in the banking system at a reasonable and stable level.
The center was established in 2013 by the China Ageing Development Foundation and Beijing Sunny Senior Health Foundation to offer free will writing services for people older than 60.
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The central government circular said Xiongan would be a strategy to build a top-class metropolitan area in Beijing-Tianjin-Hebei, drawing experience from successes in the economic zones of Pudong and Shenzhen, which have driven economic and social development in the Yangtze River Delta and Pearl River Delta.
The centrally-administrated State-owned enterprise, known as Sinomach, will establish a research and development facility to help more domestic firms participate in technology collaboration with partners in Belarus, and transfer scientific research achievements into products and industrial solutions.
The central bank said on Sunday it will use various monetary policy instruments to maintain a reasonable and adequate level of financial market liquidity, in addition to providing targeted liquidity support for small and medium-sized banks.
The central bank governor urged preventing risk from high debt levels, as financial stimulus ramps up to curb prolonged economic contractions caused by the unprecedented novel coronavirus pandemic, according to an article he authored.