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chinadaily.com.cn 2021-12-08 17:11


>Central bank announces ratio cuts

The People's Bank of China in Beijing. [Photo/Sipa]

China's central bank said Monday it has decided to cut the reserve requirement ratio (RRR) for financial institutions, to support the development of the real economy and reduce comprehensive financing costs. The ratio will be cut by 0.5 percentage points, effective on Dec 15, except for those financial institutions that already implement a 5-percent ratio, said the People's Bank of China (PBOC) in a statement.

After the reduction, the weighted average ratio for Chinese financial institutions will stand at 8.4 percent, the central bank said.

About 1.2 trillion yuan in long-term funds will be released through the cut.


>Olympics no place for political show

Photo taken on Oct 20, 2021 shows the cauldron during the welcoming ceremony for the flame of Olympic Winter Games at the Olympic Tower in Beijing. [Photo/Xinhua]

A Foreign Ministry spokesperson on Monday urged the United States to stop hyping up the so-called "diplomatic boycott" of the Beijing Winter Olympics, saying that China will take countermeasures if the US insists on doing so. Spokesperson Zhao Lijian made the remarks at a daily press briefing when asked about the Biden administration's plan of announcing a "diplomatic boycott" this week.

The Winter Olympics is not a stage for political posturing and manipulation, Zhao said, adding that American politicians' constant hyping of "diplomatic boycott", despite not being invited to attend the Beijing Winter Olympics, violates the Olympic Charter, offends the Chinese people, and is pure political provocation.

"The United States should take China's concerns seriously, refrain from politicizing sports, and stop hyping up the so-called 'diplomatic boycott' of the Beijing Winter Olympics, in order to avoid affecting dialogue and cooperation between the two countries in important areas," he said.


>17 AI pilot zones built in China

A bird's eye view of the AIsland in Shanghai, which is home to some pretty enterprising undertakings: to turn abstract AI ideas into prototypes, and potentially into tangible solutions to reinvent industries and revolutionize lives. [Photo by Shen Chunchen/For China Daily]

China has built 17 national artificial intelligence (AI) innovative development pilot zones, a Chinese official said. Li Meng, vice minister of science and technology, made the remarks at the International AI Cooperation and Governance Forum 2021 hosted by Tsinghua University on Dec 4 and 5.

In 2019, China started building a new generation of national AI innovative development pilot zones, relying on local governments to carry out technology demonstrations, policy tests, and social experiments.

According to a document released by the Ministry of Science and Technology, China plans to build around 20 AI pilot zones by 2023. In the pilot zones, the country plans to innovate a number of practical and effective policy tools, explore models integrating AI and economic development, gain experience that can be repeated and promoted, and build high platforms for leading AI, according to the document.


>Dentist presents fake arm for vaccine


A dentist in Italy faces possible criminal charges after trying to receive a coronavirus vaccine in a fake arm made of silicone.

A nurse in the northern city of Biella, Filippa Bua, said she could tell right away that something was off when a man presented the phony limb for a shot on Thursday.

She said she initially thought the 57-year-old man was an amputee and had mistakenly offered the wrong arm.

She lifted his shirt and saw a silicone arm.

The nurse said the man acknowledged he did not want a vaccine but was looking to obtain a "super" health pass, which from Monday will be required to enter restaurants, cinemas, theaters and other venues in Italy.

He had already been suspended from work because of his refusal to get vaccinated, which Italy requires for medical personnel.


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