The central bank has cut the reserve ratio eight times since early 2018 to spur economic growth. The latest move should not be seen as a change in prudent monetary policy, and it is not a "flood irrigation type of easing", according to the central bank.
The city's supportive measures to boost the new economy have benefited numerous companies, with Chengdu Haier Sen Hospital being one of them.
The central bank on Wednesday cut the RRR for banks except policy lenders by one percentage point to help small businesses, and to improve overall stability and liquidity in the economy.
The city has rolled out several measures like financial support for companies, especially those related to necessary supplies, online channels for administrative services, encouraging companies to use online platforms for sales, and smoothing logistics operations for companies in need.
The city, which borders Russia's Siberian region, has an average temperature of -5 C year-round.
The chairman of leading Chinese auto maker Zhejiang Geely Holding Group called for more efforts to promote the use of vehicles powered by methanol, a promising alternative fuel that is widely regarded as renewable and clean.
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The city of Turpan in Xinjiang will invest in 11 tourism projects and other 39 projects this year to solve the problems of parking, refueling, and communication for tourists.
The center of world symphony music is shifting, and “of course Asia and especially China are important parts”, said the artistic director of the China Now Music Festival.
The center will focus on rice resources innovation, new variety selection, ecological research, cultivation technology innovation and soil fertilization and remediation research.
The central bank said the move aims to offset factors such as the commercial banks' payment of required reserves, and maintaining liquidity in the banking system at a reasonable and stable level.