The challenges posed by the long-term savings business, especially the interest rate environment, in the first half of 2018 is the major reason for the decrease, said Li Mingguang, vice-president, chief actuary and board secretary of China Life Insurance.
The city has allocated 318 million yuan ( million) for 670,000 vouchers, which will be distributed to any applicant nationwide who intends to spend it in Nanjing. Applications for the money go into a lottery pool from which voucher winners are selected.
The chiefs, usually main leaders of sub-district and township governments and their subordinates, will be responsible for improving the environment around, according to the municipal commission of urban management.
The central bank will increase medium-to long-term financing for the manufacturing industry and build a financial supportive policy system for private small and micro companies, along with improvements to the credit structure, he said.
The city's population, starting with children, has been educated on the importance of proper solid waste management. Xuzhou has become a national pilot city for the recycling and utilization of renewable resources, which has been extended to 166 cities in China.
The center, a two-story building, has seven bedrooms, each painted a different color of the rainbow. Each of the 38 beds is named after a cartoon character, and a recreation area is provided between every two bedrooms, complete with colorful desks, chairs and toys.
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The children are from different grades, ranging from primary to middle school.
The certificate can be used for home loan and property transfer applications, inheritance transfer approvals, and property notarization. It can also be used during applications for digital birth certificates and household registration transfers in the future.
The city's investment fund for intelligent manufacturing with 10 billion yuan launched in the past two years has significantly driven local companies' industrial upgrading.
The central bank also provides suggestions to such financial institutions on how to address their risks; it may suggest those institutions increase capital, reduce bad assets, lower leverage ratio, replace management or improve corporate governance, according to the report.