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Lower interest rates can reduce financing costs for issuing bonds, which in turn will help companies to roll over debt. At the same time, the PBOC has given the green light for financial institutions and nonfinancial companies to accelerate the bond issuance process.

MACAO - The government of China's Macao Special Administrative Region (SAR) plans to set up an investment and development fund to support the development of the Guangdong-Hong Kong-Macao Greater Bay Area, the SAR's chief executive Chui Sai-on has said.

MANILA - An emerging mega trade deal among 15 Asia-Pacific countries will be a "gamechanger" for closer economic integration between China and the 10 member states of the Association of Southeast Asian Nations (ASEAN), Philippine Finance Secretary Carlos Dominguez has said.

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Lu said the two meetings will inject new momentums into law enforcement and strategic security as essential measures to implement the consensuses President Xi Jinping reached with Russian counterpart Vladimir Putin during his visit to Russia earlier this month.

MACAO -- The 18th Macao City Fringe Festival has wrapped up here in China's Macao Special Administrative Region (SAR), featuring more than 20 programs and activities on urban arts

Lowery, who served as assistant secretary for international affairs at the US Treasury from 2005 to 2009, overseeing CFIUS, believes FIRRMA will overwhelm the workload at CFIUS and greatly slow the process.

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Luo Huanan (right) and another group member prepare a dressing change for a COVID-19 patient in a Wuhan hospital. Luo is from the 130-member medical team from Shaanxi province to assist Hubei to fight against the epidemic. [Photo provided to China Daily]

Lu added the service sector has undergone the biggest digital transformation in China, but that the industrial and agricultural sectors have been less affected by the inevitable trend.

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Luo Lei, the CADA's deputy secretary-general, said the business environment of the used car market has improved as many groups have spontaneously formed faith alliances. More platforms now use artificial intelligence and big data to establish used car pricing models and evaluation systems.

Lyu Erxue, deputy head of the administration, said that mishandled or missing luggage are among the top complaints made by air passengers. The adoption of a whole-journey luggage tracking system is of great importance to China's civil aviation industry in enhancing its service to passengers.