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The RRR cut led to a "monetary expansionary effect", which resulted in the rising loans from commercial banks, said Yi Gang, governor of the central bank, at a forum last week. Yi said that after an executive meeting of the State Council, which mentioned the need to lower the RRR and use the relending scheme to maintain ample liquidity in the system.

The People's Bank of China, the central bank, issued new policies during the weekend to lock the mortgage loan interest rate's lower limits: for the first house, individual borrowers will pay an interest rate no less than the loan prime rate (LPR) with the same maturity. For the second house, the lowest borrowing cost is 0.6 percentage point above the LPR, said a statement on the PBOC website.

The Republican National Convention, also largely virtual, takes place next week. Trump will give his acceptance speech at the White House, despite criticism he is politicizing the presidential residence.

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The Panama-registered oil tanker Sanchi, from Iran, carrying 111,300 metric tons of highly flammable condensate oil, collided with a Hong Kong-registered cargo ship at about 8 pm on Jan 6 some 160 nautical miles east of Shanghai.

The SCO has prioritized cooperation in security, economy, people-to-people exchanges, and outreach to non-SCO members. It has taken tough measures to crack down on terrorism, separatism and extremism. With a focus on deepening the synergy between Belt and Road cooperation, development strategies of individual countries, and regional cooperation initiatives, the SCO has kept scaling up cooperation in trade, investment, connectivity, energy, innovation and people-to-people exchanges. It has also been expanding partnerships with observer states, dialogue partners, and international organizations like the United Nations. All these efforts have contributed to our vision of a closer SCO community with a shared future.

The Peking University study, supported by healthcare company Abbott, aimed to offer a systematic and quantified analysis of the nutrition status of seniors in urban and rural China.

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The Seattle-based retail giant said that it has reached an acquisition agreement with TenMarks, a company that works to provide K-12 students with a personalized math curriculum. The two companies plan to work together to provide multi-platform educational offerings.

The Senegalese foreign minister said the BRI and the eight major initiatives in collaboration with Africa proposed by President Xi Jinping dovetail highly with the Agenda 2063 of the African Union and the Emerging Senegal Plan proposed by President Macky Sall, which will bring mutual benefits and win-win results for China and Africa.

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The People's Bank of China (PBOC) conducted 30 billion yuan (.4 billion) of seven-day reverse repos at an interest rate of 2.55 percent and 10 billion yuan of 14-day reverse repos at 2.7 percent, according to a PBOC statement.

The SEIA said the association and its members expressed disappointment in the decision by Trump to impose 30 percent tariffs on imported solar cells and panels.