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China will establish a national experimental base and laboratory to improve its ability to induce or prevent rain, eliminate fog and improve air quality, it said.
China's banking sector has maintained a relatively strong risk resistance capacity by increasing the appropriation of impairment losses on loans. Banks appropriated 1.4 trillion yuan of impairment losses on loans during the first eight months, up by 261.5 billion yuan year-on-year. The level of allowance for loan impairment losses to nonperforming loans of the banking sector stood at 176.5 percent, while its NPL ratio rose by 0.11 percentage point from the beginning of this year to 2.14 percent at the end of August, according to data from the CBIRC.
China's central bank announced on Friday it would inject 550 billion yuan (.67 billion) of liquidity into the economy by cutting the cash amount commercial banks must reserve to stabilize market sentiment and support economic growth amid the novel coronavirus outbreak.
China's centrally administered State-owned enterprises are expected to slash coal capacity by more than 10 million tons this year, focusing on industrial restructuring and upgrading, Shen Ying, chief accountant of the State-Owned Assets Supervision and Administration Commission told a recent news conference.
China will use funds collected from tariffs charged on shipment from the United States to reduce impact of US trade move on Chinese companies and their employees, the Ministry of Commerce announced on late Monday.
来源：资阳报