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Monetary authorities said the factor has been introduced to moderate cyclical fluctuations driven by irrational sentiment in the foreign exchange market. The factor, introduced in May, takes greater account of overall economic conditions and how they influence the yuan.

Michael Rotondo. [Photo/Agencies]

Migu Co Ltd, a China Mobile subsidiary that provides digital content products and services, has inked a multiyear partnership with the National Basketball Association (NBA) that will deliver extensive NBA content to fans in the Chinese mainland, Hong Kong and Macau across Migu and China Mobile's family of media brands. This partnership makes Migu an official partner of the NBA in China and marks Migu's first partnership with a North American sports league. It is part of Migu's broader efforts to lure sports enthusiasts.Under the partnership, Migu and the NBA will work together to explore new technologies to enhance the viewing experience, including 4K resolution and virtual reality. The two sides will also work together to grow the Jr. NBA – the league's global youth basketball program for boys and girls – in China.Jian Qin, vice-president of China Mobile Communications Group Co Ltd, the world's largest mobile carriers by subscribers, said "The cooperation between Migu and the NBA is China Mobile's important step to increase the cooperation with top international content companies and jointly create a high-quality content platform with them.""The NBA is one of the most popular sports leagues in China and has connected with Chinese fans through the game of basketball for 40 years. We believe that we can leverage each other's advantages in premium content production and media operations to bring a higher-quality experience to millions of domestic users," Jian added.The cooperation will allow Migu to design and sell NBA and Migu co-branded lifestyle merchandise available to fans on China Mobile and Migu's platforms. Additionally, Migu will become the official marketing partner of the NBA China Games.Derek Chang, CEO of NBA China, said "We are thrilled to start our relationship with China Mobile, Migu and their various media platforms. This new partnership provides us with the opportunity to tap into Migu and China Mobile's expansive reach and help us continue to grow the game of basketball in China."

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Ministry spokesman Gao Feng said about 59 percent of the billion imports subject to US tariffs are produced by foreign-invested enterprises in China.

Moody's affirmed the bank's rating of Aaa with a stable outlook in March. "AIIB will maintain the health of its stand-alone credit metrics beyond its initial growth phase into the next decade," the agency said.

Moody's Investors Service, a rival of Fitch Ratings, said in a written response to China Daily on Tuesday that it is encouraged by the Chinese government's policies that open up the Chinese capital markets, including the credit rating industry.

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Michel said Belgium has attached great importance to its relations with China and will deepen bilateral cooperation in trade, agriculture and ship-building. He said he hopes the China-EU leaders' meeting will be a success and safeguard multilateralism and promote trade.

Mining is a particular source of concern.

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Mobike gives Africa a glimpse of its sharing concept, shipping in 100 bicycles from China for anti-pollution ride in Nairobi, Kenya

Microsoft, which was founded 20 years before Amazon, will likely remain light years ahead of the fellow tech giant in philanthropic efforts — at least for the foreseeable future. But Seattle-area nonprofits welcome the involvement from Amazon employees and the corporation, and join those who hope this is a sign of good things to come.