The central government has unveiled a raft of measures to shore up the job market amid the novel coronavirus pneumonia outbreak, with experts urging stronger support for small and medium-sized enterprises and workers employed on flexible terms.
The city's traffic police department requires students enrolled in driving courses to stand at busy intersections and help authorities maintain traffic order by dissuading violations via verbal directions and warnings.
The central bank conducted 70 billion yuan of seven-day reverse repos at an interest rate of 2.55 percent and 30 billion yuan of 14-day reverse repos at 2.7 percent.
The central government highlighted the importance of ensuring that focus is placed on "six priorities"-employment, people's livelihoods, development of market entities, food and energy security, stable operation of industrial and supply chains and smooth functioning at the community level of society-and that stability is maintained in six areas of employment, finance, foreign trade, foreign investment, domestic investment and market expectations, said Xiang Songzuo, former chief economist at the Agricultural Bank of China.
The central government will continue to support Macao in becoming a world tourism and leisure destination, senior officials said on Tuesday at a meeting with a delegation from the special administrative region.
The city raked in 10.9 billion yuan (.58 billion) from tourism in the same period, up 25.46 percent year on year, according to the Lhasa tourism development bureau.
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The central bank conducted 60 billion yuan of seven-day reverse repos at an interest rate of 2.55 percent and 20 billion yuan of 14-day reverse repos at 2.7 percent.
The city's imports stood at 246.5 billion yuan over the nine-month period, up by 4 percent, while exports increased 4.5 percent to 464.5 billion yuan.
The city's largest political party in the Legislative Council also condemned the strike. Gary Chan Hakkan, vice-chairman of the Democratic Alliance for the Betterment and Progress of Hong Kong, said the strike blocked the city's main roads and disrupted MTR services during rush hour, denying citizens their right to commute.
The central bank is expected to reduce the liability costs for banks, drive loan pricing lower and underpin the real economy by taking forceful measures, said analysts led by Ma Kunpeng with SWS Research Co Ltd in a report.