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The PBOC move appears to have struck a chord with market mavens. "Regulating the minimum rates of return on structured deposits will effectively help banks break out of the prisoner's dilemma on attracting deposits by offering higher savings rates. When principal-protected deposit products with relatively high interest rates are no longer available, depositors will have no other option but to choose products that carry higher risk but offer lower returns," said analysts led by Ma Kunpeng with SWS Research Co Ltd in a report.

The Ministry of Finance will set up subsidies to support employment. A special development fund for small and medium-sized enterprises will also be arranged, according to Liu Wei, vice-minister of finance.

The PBOC deposited 100 billion yuan (.54 billion) as time deposits with commercial banks under the central treasury cash management.

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The New York Times said Trump had asked Spicer to stay on but Spicer believed that hiring Scaramucci was a major mistake.

The Palace Museum was established in 1925. In 1987, the Forbidden City became a UNESCO World Heritage Site. The museum houses 1.86 million cultural relics and received over 19 million visitors in 2019.

The National Meteorological Center (NMC) forecast temperatures to rise by four to six degrees Celsius in most parts of southern China on Wednesday.

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The OS-X, China’s first privately built carrier rocket, is prepared for its suborbital flight on Thursday. It traveled 273 kilometers and hit Mach 5.7. WAN NAN / FOR CHINA DAILY

The NDRC said it will closely monitor liquefied natural gas prices and urge local authorities to ensure the market operates smoothly.

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The NMC revoked a blue alert for a rainstorm on Saturday afternoon, but the forecast of heavy rain in Fujian, Guangdong, Hainan, Taiwan and Yunnan will continue.

The National Development and Reform Commission, the Ministry of Commerce, the People's Bank of China, and the State Administration of Foreign Exchange declared that they would pay closer attention to overseas investments in hotels, sports clubs, film studios and property.