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And we talk about a surprising startup investment by two Seattle tech veterans, Zulily co-founders Darrell Cavens and Mark Vadon.
Analysts believed the move, which will take effect on Oct 15, is meant to further fuel the country's real economy and fend off potential risks brought about by global trade uncertainties and downward pressure. The RRR cut will inject 1.2 trillion yuan (4.7 billion) of commercial bank deposits from the central bank to the banking system, according to a statement on the People's Bank of China website.
And returns on such investment could be handsome. A WeChat user can tip up to 200 yuan () per emoji at a time. Tencent claimed it had more than 900 million active WeChat users in China alone at the end of September 2017. Apparently, they send out 38 billion messages every day. It, however, declined to share details like the number of emoji downloads and the number of messages with emojis last year.
And the Chinese government is committed to shoring up its EV sector. Subsidies for manufacturers that were introduced in 2009 have come to an end, but the government is focused on building a strong nationwide network to charge vehicles throughout the country's cities and highways, according to China's Ministry of Finance. Such a network is key to speeding up demand for EVs.
Analysts say there are hopes a visit to the United States beginning Tuesday by a high-ranking Chinese official will ease trade tensions and maintain steady bilateral ties.
来源：资阳报