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The PBOC statement in its quarterly monetary policy report will help remove concerns that a "normalized policy" would lead to tight financial conditions, as the economic recovery has been faster than expected, experts said on Friday.

The National Meteorological Center said heavy snow will hit parts of Shaanxi, Shanxi and Hebei provinces as well as Inner Mongolia autonomous region and Beijing municipality, with three to five centimeters of snowfall expected.

The NBS survey-based jobless rate is usually higher than the registered jobless rate released by the Ministry of Human Resources and Social Security, which came in at 3.95 percent by the end of the second quarter.

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The PBOC and the country's banking regulator announced last Friday that the joint-equity commercial bank in the Inner Mongolia autonomous region would be taken over due to "serious credit risks".

The PBOC said the operation was aimed at maintaining reasonable and sufficient liquidity in the banking system.

The NDB was founded by BRICS, which is made up of Brazil, Russia, India, China and South Africa, during the bloc's sixth summit in Fortaleza of Brazil in July 2014 and formally opened in Shanghai in July 2015.

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The NAR will release May's sales figures in late June.

The New York City Police Department (NYPD) confirmed that from Friday to Sunday, 63 people were shot in 44 incidents, leading to at least nine fatalities.

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The PBOC will closely track economic and financial changes at home and abroad, and make more efforts to fend off external impacts, stabilize market expectations, and ensure stable financial development, the official said.

The Ministry of Transport has called for promoting effective investments in the sector, urging work resumption on major projects to meet the country's annual investment goals on traffic networks.