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China will cut telecommunication charges to boost the development of the digital economy, with domestic data roaming fees to be abolished starting July 1 to ensure a more than 30-percent reduction in data fees this year, according to a decision made at a State Council executive meeting chaired by Premier Li Keqiang last week.
China's central bank also started a key interest rate market-oriented reform on Tuesday, which is expected to boost corporate earnings by reducing lending costs and lowering the risk-free interest rate, both of which would be supportive to stock prices.
China's capital has instituted nucleic acid testing for returnees from Wuhan, the city in Central China’s Hubei province hard-hit by COVID-19 and in the past five days, all results have been negative, according to Gao Xiaojun, spokesman for the Beijing Municipal Health Commission, on Tuesday.
China's Foreign Ministry said earlier this month that it firmly opposes Washington's ban on US transactions with the Chinese owners of messaging app WeChat and TikTok, calling the US move "blatant hegemonic acts".
China's central bank Monday announced a decision to abolish old regulations, to smooth operation of foreign-funded businesses, while another banking regulator also rolled out measures during the weekend to cut red tape for foreign lenders.
来源：资阳报