The move makes Hainan the ninth region to adopt such a policy, joining Beijing, Shanghai, Tianjin, Guangzhou and Shenzhen in Guangdong province, Guiyang in Guizhou province, Hangzhou in Zhejiang province, and Shijiazhuang in Hebei province.
The move also exemplifies TAL's broader efforts to advance education through technology, thereby expanding its online course businesses to seek new growth engines.
The move will further unleash China's growth potential and invigorate the driving force of economic development, laying a solid ground for sustainable growth of the economy, said Xu Hongcai with the China Association of Policy Science.
The move was intended to maintain a stable liquidity level as tax payments and maturing MLF and reverse repos have led to a large decline in liquidity in the banking system, the PBOC said in the statement.
The move by the capital city of East China's Zhejiang province comes after similar policies were issued by Changsha, Central China's Hunan province, on Monday and Xi'an, Northwest China's Shaanxi province, on Sunday.
The municipal government of Shanghai announced 100 policies on Tuesday to address the central government's call for further opening-up, as the city seeks to speed up the pace of building an open, international economic system.
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The moves have been unsettling to lawmakers with districts dependent upon manufacturers and farmers affected by the retaliatory tariffs.
The names of awardees are normally withheld to protect them from possible retaliation.
The move indicates that the WHO has given the vaccines its stamp of approval for the safety and efficacy, and United Nations procuring agencies may now source them.
The move follows a nationwide wave of reading, and will focus on non-academic content like fiction (classic literature, fairy tales and science fiction) and non-fiction.