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The central bank also reported that M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8 percent year-on-year, unchanged from the growth rate a month earlier.

The central bank cut the RRR for rural commercial banks in May, which has released 300 billion yuan to leverage more lending to small and private companies, according to the PBOC.

The center provides verification and evaluation of data assets, helping to explore the value of data resources and in turn driving the use and exchange of big data.

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The city has confirmed 627 COVID-19 infections since July 5 when the worsening third wave of local outbreak was first detected, with 494 local cases related to various clusters in multiple districts, including at restaurants, schools, hospitals and elderly care homes. The source of about half the local cases could not be traced.

The central government's top official in Hong Kong on Friday expressed his deep sorrow over the passing of the patriotic business leader Tsang Hin-chi and extended his condolences to Tsang's family.

The central bank opened the Digital Currency Institute - its cryptocurrency research lab - in 2017. According to experts familiar with the matter, the lab has carried out trials for transactions and settlements based on a custom distributed ledger system.

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The central parts of the Inner Mongolia autonomous region and South China's Guangxi Zhuang autonomous region will see temperatures drop more than 10 C, the center said.

The city's fitness equipment exports to Brazil rose 32.1 percent year-on-year. Exports to South Africa increased 4.6 percent while exports to India picked up 3.4 percent.

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The city has taken measures to ensure safe and efficient production for the producers. "We prepared protective gear and disinfectant and cut down rent for companies," Chen said, adding that the government has also recruited volunteers to help with production.

The central bank has vowed to contain financial leverage, fending off financial risks involved in key areas such as shadow banking and real estate financing.