The bank is listed in both Shanghai and Hong Kong. Its shares rose 0.48 percent in Shanghai and 1.51 percent in Hong Kong Friday.
The bank said the decision was taken after observing the reduction in growth and inflation expectations and to "cushion the impact of the coronavirus shock on growth and employment, including by easing borrowing costs and the debt service burden of households and firms, while also maintaining financial stability."
The author is China Daily Tokyo bureau chief. caihong@chinadaily.com.cn
The biggest challenge is finding the right landing spots. In hundreds of trial deliveries, the drones landed on roofs or tree tops.
The authorities will crack down severely on infringements related to short videos, illegal filming and recording in cinemas, and the spread of pirated film and television works through streaming media software.
The average tariff rate for detergents, cosmetics such as skin care and hair care products, and some medicine and health products will be cut from 8.4 percent to 2.9 percent.
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The average annual case settlement rate was over 90 percent, the SPC said in a statement earlier this week.
The banking sector has deepened its strategic realignment and risk control efforts as it adapted to changes in the domestic and world economic situation. It also boosted the ability of the sector to serve the real economy, the part which produces goods and services.
The authorities have set up a family assistance center in Santa Barbara for families of the victims. A public information telephone line also has been provided for families of the victims.
The author is research director at Research for Social Advancement, a think tank based in Kuala Lumpur.