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The PBOC has increased its net open market operation injections recently, injecting over 400 billion yuan (.6 billion) into the market last week, nearing a five-month high.

The PLA should work with local authorities to form a powerful joint force to maintain border stability, he said.

The NBS monitors the house prices in 70 large Chinese cities, including 31 second-tier and 35 third-tier cities.

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The Northwestern Polytechnical University (NPU) in Xi'an, Shaanxi province issues China's first letter of acceptance using Augmented Reality (AR) technology to students on July 4. [Photo/VCG]

The OECD warned that the COVID-19 pandemic would continue to exert a substantial toll on economies and societies, so the economic outlook remains uncertain.

The PBOC also announced Wednesday an increase of relending and rediscount quotas by another 100 billion yuan (.5 billion), citing effectiveness of previous expansions in improving financing to small and micro businesses as well as private businesses.

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The National Senior Pension Strategy emphasizes that a majority of the senior population will stay at home, as moving seniors into long-term care facilities away from home has shown over time to be more costly. It also diminishes social and family interaction that is beneficial to a senior's mental and emotional health.

The PBOC said this explains why the program will roll out in a progressive manner, going ahead first with "northbound trading".

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The Ministry of Justice and the association have sent over 70 invitations to top judicial officials in other countries, international lawyers' organizations and national bar associations, with most having expressed interest or confirmed their participation. Lawyers from 35 domestic law firms with expertise in international legal affairs will also attend the forum.

The National Disaster Risk Management agency said the early morning landslide hit at least eight homes and blocked a stretch of the Pan-American Highway in the community of Rosas, roughly 400 miles (630 kilometers) southwest of Bogota.