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The PBOC adopted targeted RRR reduction twice this year to support private as well as micro and small enterprises. The latest RRR cut, announced in May and being conducted in three phases, unleashed a total of 280 billion yuan of liquidity into the market.

The Opportunity Promise pilot will launch in mid-2019. After the pilot, the founding partners plan to design a broader program with internships running for two consecutive summers that then direct interns into apprenticeships.

The National Chicken Council reported that the annual value of US chicken exports to China peaked at 2 million before the ban. The reopened market could claw billion a year for chicken feet alone, the council said in November.

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The NFIB survey also showed that most small business owners believe it will take beyond 2020 to recover from the economic impact of COVID-19, with only one-third of small business owners believing their community will get back to a normal level of economic activity by the end of the year.

The PBOC unveiled the policy over the weekend, saying it would introduce a new reference rate, the loan prime rate－the price of loans banks offer their best clients－for setting the prices of business and household loans. The earlier reference rate, the one-year benchmark lending rate, will be replaced in the future.

The NDB, headquartered in Shanghai, was founded in 2015 by BRICS, which groups Brazil, Russia, India, China and South Africa, with the view to mobilize resources for infrastructure and sustainable development projects in emerging economies and development countries so as to contribute to the global growth.

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The National Congress of Chinese Canadians (NCCC) said in a statement that the legislation, which was approved Thursday, would provide protection for the public and solidify Hong Kong's status as an international financial center. 

The National Association of City Transportation Officials said riders took 38.5 million trips on shared electric scooters on 2018.

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The New York Times reported Friday that the ride-hailing company has reached out to a bevy of companies — including tech giants like Amazon, Apple, Google, and even rival Uber — but hasn’t found a buyer.

The New York Stock Exchange said Thursday it will reopen its trading floor on May 26 with numerous restrictions, including traders being barred from using public transportation and being required to wear face coverings.