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chinadaily.com.cn 2022-05-13 16:57


>China unveils five-year plan for bioeconomy

An aerial photo shows the Kekeya green project in Aksu, Northwest China's Xinjiang Uyghur autonomous region. [Photo/ts.cn]

China on Tuesday unveiled a new plan to spur the bioeconomy during the 14th Five-Year Plan period (2021-25).

The new document, released by the National Development and Reform Commission, said it is important to boost the bioeconomy during the next five years to help meet rising domestic demand for healthcare and better lives, foster high-quality economic development, prevent and control biosecurity risks and modernize China's system and capacity for governance.

Under the plan, the bioeconomy-a model focusing on protecting and using biological resources and deeply integrating medicine, healthcare, agriculture, forestry, energy, environmental protection, materials and other sectors-will become a key driving force to boost high-quality development by 2025.


>PBOC steps up support for real economy

Pedestrians pass the headquarters of the People's Bank of China in Beijing. [Photo by Kuang Da/for China Daily]

China is expected to deepen deposit rate reforms to lower corporate financing costs as part of the central bank's efforts to strike a balance between stabilizing economic growth and guarding against the risk of capital outflows, economic experts said on Tuesday.

The remarks came after the People's Bank of China, the country's central bank, said it had guided banks to form a market-based adjustment mechanism of deposit rates last month, helping send the weighted average deposit rate in the last week of April to 2.37 percent, down 0.1 percentage point from a week earlier.

The central bank will employ the "significant role" of the adjustment mechanism and improve the market-based formation of interest rates to promote a reduction in corporate financing costs, according to the first-quarter monetary policy report released on Monday.


>Yoon sworn in as S. Korea's new president

Yoon Suk-yeol speaks during a press conference at the National Assembly Library in Seoul, South Korea, March 10, 2022. [Photo/Xinhua]

Yoon Suk-yeol of the conservative People Power Party on Tuesday was sworn in as South Korea's 20th president.

The inaugural ceremony was held in the National Assembly plaza, attended by over 40,000 ordinary people as well as dignitaries.

Yoon started his career as a public prosecutor at the age of 35, and he gained fame with his investigation into political heavyweights and business tycoons.


>Musk would reverse Trump Twitter ban

An image of Elon Musk is seen on smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. [Photo/Agencies]

Elon Musk said Tuesday he would restore former President Donald Trump's banned account on Twitter if his deal to acquire the company is completed.

Musk has previously said he thinks Twitter should be more "reluctant to delete things" and "very cautious with permanent bans."

On Tuesday, he called Twitter's decision to ban Trump in January 2021 a "mistake."

Trump, for his part, has said he would not return to Twitter even if his account were restored.


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