Meanwhile. Let's update you on China's monetary policy.

The People's Bank of China said Monday that it extended loans totalling about 54 billion yuan to local financial institutions in March via its standing lending facility. The total outstanding amount of SLF loans was 48.21 billion yuan. The central bank also said it lent over 432 billion yuan to financial institutions via its medium-term lending facility in March. Outstanding MLFs totalled over 4.9 trillion yuan compared with nearly 4.79 trillion at the end of February. The PBOC said China's pledged supplementary lending facility stood at nearly 3 trillion yuan at the end of March. That compared with 2.9 trillion at the end of February. The PSL program is designed to help the central bank better target medium-term lending rates while boosting liquidity to specific sectors.