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Accompanying the reduction in borrowing costs that will have an immediate impact in stimulating the economy, the real surprise on Thursday was the central bank's decision to allow banks more freedom in setting the deposits and interest rates, a significant step towards the liberalization of the interest rates, analysts said.

BEIJING, June 2 (Xinhua) -- Chinese and American English-training companies have signed a deal to hire more local teachers in the west State of Wyoming to answer Chinese surging demand to learn spoken English.

In his congratulations to the opening of the conference, Egyptian President Mohammed Morsi hailed China's contribution to Africa's regional integration process.

About 5.9 million passenger trips were made on Thursday, a jump of nearly 1 million from Wednesday, and 298,000, or a 5.3-percent increase, from last year, according to the ministry.

As of 4 p.m. Monday, Kai-Tak, the 13th tropical storm of the year, had ravaged 36 counties in Guangxi, destroying 1,457 homes. Over 212,150 hectares of crops were affected and 2,810 hectares of them were completely destroyed, said a statement from the region's civil affairs department.