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Including Monday's reduction, China's one-year LPR has dropped by a total of 40 basis points since last August when it unveiled a key reform to use the LPR to better reflect market changes and steer borrowing costs lower to support the real economy.
Also on Monday, 930 people were discharged from hospital after recovery, while the number of severe cases decreased by 202 to 2,830.
According to the World Economic Outlook report recently released by the International Monetary Fund (IMF), China is expected to be one of the few major economies that could see economic expansion this year, while it projected the global economy would decline by 3 percent in 2020.
He ordered targeted management of asymptomatic cases to fix all loopholes that might lead to a rebound of the outbreak.
Cui also refuted the accusations by some U.S. politicians and media outlets that China concealed the extent of the COVID-19 outbreak.
来源：资阳报