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Banks that meet particular criteria can keep less cash in reserve after the authorities announced on Friday a reduction of the reserve requirement ratio by 0.5 to 1 percentage point. Some eligible joint stock banks, in which the government and private sector jointly hold shares, will be allowed to lower the RRR by an additional 1 percentage point.

BYD CEO Wang Chuanfu once said they plan to list its battery business on the stock market by 2022 to raise funds and expand.

Bangkok－Thailand has extended a ban on international passenger flights again for another month until June 30 in an effort to contain the spread of COVID-19. The government has yet to decide whether to extend the emergency decree, which expires on May 31.

Balter asked Jayapal whether she thought Amazon pays enough in taxes, a topic of hot debate most recently raised in a Seattle Times column by Danny Westneat. The column riffs off of previous reports that Amazon paid no federal income tax in 2017. “A rock star American company that has two-thirds of its sales in America nevertheless paid three-fourths of its taxes to other countries! That’s what the president should be fired up about,” Westneat writes.

Based on average annual growth between 1990 and 2016, most places in China could complete the first modernization by 2020, the report said.