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As of Saturday, the region had reached an online trade volume of more than 31 billion yuan (.43 billion) through the Alipay platform during the festival. Daily volume has seen an increase of more than 40 percent compared with the early months of the year, when the country was hit by the coronavirus epidemic, the statement said.

As per the notice, a different credit policy will be implemented when buying either an ordinary house or a non-ordinary house. A house buyer, in case he or she has already owned a house, shall pay at least 80 percent of the total price of the house for the down payment in terms of a non-ordinary house, 10 percent higher than an ordinary house. An ordinary house in Shenzhen refers to a house with a building area below 140 square meters. Additionally, the building plot ratio of the community where the house is in shall be above 1.0. And the knock-down price shall be lower than 1.2 times of the average transaction price for a residential house on land with the same-level.

As of May 24, the three major telecom operators－China Mobile, China Telecom and China Unicom－have established 4,700 5G base stations in Beijing, according to Wang Gang, head of the Beijing Municipal Bureau of Economy and Information Technology.

As part of the monetary policy operational framework, the PBOC has been opting for targeted measures since 2017, including the targeted RRR cut, to guide funds into the most needy sections of the real economy to shore up higher-quality growth, without injecting excessive money.

As part of the report, Cowen compared Amazon’s clothing business to Target and Walmart. Over the last 10 quarters, the report found that Amazon has seen an average of 28 percent annual growth in the share of customers buying clothes. Both Target and Walmart have seen an average 2 percent year-over-year drop in the share of customers buying clothes and apparel in that time period.