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The Ministry of Industry and Information Technology predicted in late December that the country's industrial output is likely to grow by around 6 percent this year.

The Ministry of Finance said that the country has increased financial input in poverty reduction efforts. This year, the central and local government fiscal funds for poverty reduction exceeded 140 billion yuan (.4 billion), it said.

The PBOC statement added that the asset management industry has become healthier, with risks substantially contained since the new rules were released in 2018. The extension does not involve any adjustments of regulation standards of the rules, nor does it indicate a shift in direction of asset-management business reform, it said.

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The National Firearms Association, a lobby group similar to the US National Rifle Association, said it would campaign against the Liberals' proposed legislation, which the Conservatives said "treats law-abiding firearms owners as criminals".

The Palace Museum in Beijing opened a coffee shop named Corner Tower Cafe on Dec 1, attracting visitors to enjoy the drinks with "royal" flavor.

The PBOC has injected liquidity of 1.57 trillion yuan (8 billion) into the market with open market operations since the beginning of this month.

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The Palestinian National Authority, Iran, Turkey, and Egypt, as well as international human rights groups, condemned Israel for using extensive fire against mostly unarmed protesters. The United Nations Security Council is expected to convene for an emergency meeting on Tuesday to discuss the killing, following the request of Kuwait.

The PBOC said the minimum rates of return on structured deposits provided by some banks should be regulated, for they are noticeably higher than the conventional deposit rates.

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The Ministry of Finance is in charge of crafting the unified capital management rules, establishing a mechanism for investing the capital while adhering to the principle of the market and the rule of law.

The Ministry of Finance said that "capital management is the most significant principle, which should be market-oriented and follow the business logic".