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China's deposit insurance scheme came into effect in May 2015. It covered commercial banks, rural cooperative banks and rural credit cooperatives. Under the scheme, a depositor can expect to receive an insurance payout within seven working days after an incident. The payout covers a deposit of no more than 500,000 yuan for each depositor in a bank.

China's massive water diversion project has transferred 5.2 billion cubic meters of water to capital Beijing over the past five years, a senior municipal official said on Thursday.

China's digital economy accounted for 34.8 percent of its gross domestic product in 2018, remaining a key pivot for the country's economic growth, a new report said.

China's economy has accelerated steps for recovery as epidemic containment efforts bear fruit. The purchasing managers' index rebounded to 52 for March, returning to expansion territory and up from 35.7 in February.

China's digital reading market hit 25.45 billion yuan last year, up 19.6 percent year-on-year, with the number of Chinese citizens who read digital publications rising to 432 million, according to a report by the China Audio-Video and Digital Publishing Association.