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BEIJING Nike Air Huarache Womens , May 11 (Xinhua) -- China will cut the retail prices of both gasoline and diesel for the fourth time this year from Friday due to a drop in global oil prices, the country's top economic planner said Thursday.


Gas prices will decrease by 250 yuan (about 36.21 U.S. dollars) per tonne, while the diesel price will be lowered by 235 yuan per tonne, according to the National Development and Reform Commission (NDRC).


China adjusts domestic retail oil prices when international crude prices change by more than 50 yuan per tonne within a 10 working-day period.


International crude oil prices fell in recent weeks as concerns over a global supply glut weighed on the market, and the NDRC price monitoring center said it expects the crude oil oversupply to continue.


The extension of output cuts by major crude producers is likely to raise international oil prices in the short term, but its long-term influence should be limited Nike Air Huarache Mens , said the center, predicting that crude prices will fluctuate.


The NDRC said it is closely monitoring the current pricing mechanism and will continue improvements based on market changes.


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Hi, here's what you need to know about China for the past 24 hours.


BEIJING -- Chinese President Xi Jinping on Monday called "one country, two systems" the best institutional arrangement for Hong Kong's prosperity and stability.


Xi, general secretary of the Communist Party of China Central Committee Nike Air Huarache Run Ultra , visited an exhibition at the National Museum in Beijing profiling the achievements made in Hong Kong since its return to the motherland in 1997.


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DALIAN -- Chinese Premier Li Keqiang said on Tuesday China is fully capable of delivering major growth targets of this year, thanks to steady economic transition.


The Chinese economy has become more stable and sustainable due to improvements in structure and efficiency, Li said when addressing the opening of the Annual Meeting of the New Champions 2017, or Summer Davos, in Dalian.


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BEIJING -- China's next generation bullet train, "Fuxing Nike Air Huarache Ultra ," ran for the first time on the Beijing-Shanghai line on Monday.


CR400AF departed Beijing South Station at 11:05 a.m. for Shanghai, while, at exactly the same time, CR400BF left Shanghai Hongqiao Station bound for Beijing.


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MAOXIAN, Sichuan -- The ruins of a massive landslide site in southwest China was hit by minor secondary slides Tuesday morning, local rescue authorities said.


The slides occurred at around 11 a.m. Tuesday in the flattened village of Xinmo Nike Air Huarache Premium , Maoxian County, Sichuan Province. Rocks and mud measuring about 100 cubic meters fell. But no injuries were reported as the area was cordoned off following a landslide warning issued Monday.