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The interest rate for the one-year MLF stood at 3.3 percent. First introduced in 2014 to help commercial and policy banks maintain liquidity, the MLF tool allows lenders to borrow from the central bank by using securities as collateral.

The implementation of the Hainan FTP preferential policies such as zero tariffs, low tax rates and a simplified tax system is drawing more big international pharmaceutical companies and professionals to the pilot zone, said Gu. "The pilot zone has established in-depth relations with more than 20 well-known global pharmaceutical enterprises, such as Johnson & Johnson, Medtronic, Astellas and MSD," Gu said.

The huge cooperation potential in the IT sector will be better realized in the expected biggest Chinese industrial park in Europe, located in Belgrade, capital of Serbia.

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The improvement in off-balance-sheet financing was the result of such factors as forward-looking monetary policy fine-tuning and better regulation, according to the PBOC.

The increased fiscal funds will be mainly used for creating jobs, ensuring people's basic living standards and protecting market players, he said.

The information about the luggage is electronically stored in the tags and will be updated at each processing stage, which allows the passengers traveling on domestic flights to track their luggage status on WeChat.

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The incident happened on Monday morning in local time. The lava bomb, or flying chunk of molten rock, left a large hole in the boat's roof.

The identity of the kidnapper has yet to be disclosed, and the motivation remains unclear.

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The index, however, dipped 0.4 percent when compared to February.

The initial purchase from the U.S. Department of State is for 2,500 Kindles, and includes content as well.