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Cutting the amount that banks have to hold back as deposits, can provide long-term liquidity for the market, said Fei Zhaoqi, a researcher at the National Institution for Finance and Development, a State-owned financial think tank.

DALIAN -- Customs officers in the coastal city of Dalian in Northeast China's Liaoning province intercepted 28.08 tonnes of smuggled waste and arrested three suspects on Tuesday.

Currently, around 125 vaccines are under development globally, including 10 in human testing, according to the World Health Organization.

Currently, 19 banks have been using the CIPS system to help clients in these businesses. More than 670 companies have used two-way cross-border renminbi cash pooling services in international trade and financing with a combined transaction volume of some 865 billion yuan.

Cui Fan, an international trade and economics professor at the University of International Business and Economics in Beijing, said that the 2020 edition of the shortened negative lists and a series of government measures to deepen supply-side reforms showed that China has been actively building a unified, fair and efficient market.