Stricter financial regulations imposed in the wake of the National Financial Work Conference in July should have a major impact on China's financial sector, and finance regulation should be on the same page with the country's rapid financial innovation, Zhu said.
Students at a playground of a school, built by the Chinese government, in Shibin al Kawm, Al Minufiyah, Egypt. China is the biggest investor in the development of Egypt's Suez Canal Corridor. XINHUA
Subsidies for new energy cars will be cut further this year before being phased out in China altogether by the end of 2020, a source close to the matter said on Wednesday. The move would accelerate the exit of uncompetitive players from the fast-growing sector.
Such assumptions, he said, included the idea that the trade deficit is a problem and that there’s too much US investment in China when in fact there's too little.
Strengthening banks' capital is a fundamental condition for the financial sector to support the real economy, Pan said. The introduction of perpetual bonds is beneficial in expanding channels for banks to add to their capital, improving the capital structure of China's banking industry and enriching investment products on the bond market, he said.
Still, many runners remained frustrated. Ashish Shakya said he'd barely been able to train because of the poor air quality. He wore a handmade sign on his back that read, "Running is in the air but the air is highly polluted."
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Such e-commerce efforts could transform the lives of farmers. Wang Qian from eastern Henan's Zhecheng county still remembers that three years ago, e-commerce and online shopping were totally "new and strange" to them.
Such "illegal actions ... violate the Vienna Convention, the agreement for the re-establishment of relations and Cuban and US laws," he added.
Structural policy tools will help channel the liquidity to sectors that really need the funds, according to the statement, which also pledged to maintain liquidity at a reasonably ample level.
Such service allows Chinese companies to communicate effectively while working in difficult terrain, particularly during the construction of major infrastructure projects.