settlement and sales by banks stood at $6.6 billion, down 44 percent from H2 2018, SAFE data showed.
The reading indicated a relatively good supply-demand situation of the forex market, while monthly fluctuations refl娱乐地图
ected the overall stability of market expectations and the market-oriented adjustment of prices, Wang said.
娱乐地图女神会所According to Wang, China’s forex market showed stable sentiment amid trade frictions with the US and the exchanges bet
ween Chinese and American companies are still very close, which is playing a positive role.
“We are confident to cope with the changing situation and maintain the stability of cross-border capital flows in China,” Wang said.娱乐地图女神会所
A national bankruptcy mechanism is under discussion by policymakers, covering local gover
娱乐地图nments and enterprises, to prevent systemic financial risks, said a senior official with the central bank.
“The key task is to prevent debt default risk,” said Wan Cunzhi, director-general of the PBOC’s Credit Information System Bu
reau, at a news conference on Thursday. He said the mechanism will include inde
bted local governments, while market-oriented measures will be introduced to ease their debt burden.娱乐地图女神会所
Bankruptcy of local governments was rarely mentioned in China before, and the official didn’t re
娱乐地图lease more details on the mechanism. It reflected that policymakers have noticed the potential challe
nges and more measures are expected to strengthen financial stability, analysts said. Total local government deb
t reached 19.9 trillion yuan ($2.89 trillion) by May, according to the Ministry of Finance.娱乐地图女神会所
The State Council released a guideline on Tuesday for building a credit-based market regulation system. The bankruptcy mechanism is one part of the who
娱乐地图le system. Besides local government, individuals and enterprises will also be regulated.
Companies with bad credit records will receive serious punishment
, said Lian Weiliang, deputy head of the National Development and Reform Com娱乐地图女神会所
mission. “For the worst scenario, the companies could be prohibited from the market.”
The measures for rating companies’ credit are being drafted, and market-oriented third-part
y institutions and industry associations will be involved in the rating process, according to Lian.
old student from Xidian University in Shaanxi province, died from a rare cancer of the soft tissue. Wei was re
searching the disease on Baidu and came across an advertisement for treatments that proved ineffective.
After Wei’s death, Baidu announced a sweeping restructuring and optimization of its medical business, especially regardi
ng its paid listing practices. It also tightened regulations on medical promotion and enforced clear labeling rul
es that differentiate advertisements from credible medical information, according to media reports.
However, medical advertising remains one of the key sources of income for Baidu, and some are still trying to exploit the s
ystem. In April, the police in Shenzhen, Guangdong province, detained a team of medical fraudsters who drove up r
ankings on Baidu’s research results to promote faulty hospitals to patients, local authorities said.
satellite in 2021, so the (Cambodian) government hoped that someone could learn something abo
ut spacecraft. But there is no school in Cambodia that teaches such a thing. So here I am,” Chea said.
China has signed an agreement with Cambodia to develop, make and launch the Southeastern Asian nation’s first sat
ellite in the next few years. The satellite, Techo 1, will be used for communications.
Moreno Pena, on the other hand, has 11 years’ experience at the Bolivarian Agency for Space Activities, Venezuela’s sp
ace organization, as an electrical engineer and chief of the spacecraft operation unit.
This is the second time he has come to China as a student. The first time w
as in 2007, when he was selected to take part in satellite application training in Beijing.
He said he came to China this time hoping to expan
d his knowhow on spacecraft and learn how to design and build satellites.
the two-way eight-lane tunnel will be the largest and widest in the worl
d upon completion. Its tunnel will be 1.2 meters longer and two lanes wider than the HZMB.
Yang said the immersed tunnel used the steel shell tube, the first of its kind in China, and there were many other new struct
ures and technologies, which brought lots of challenges, such as lack of technical standards in the country.
He said the tunnel will have 32 tubes and each tube will have about 10,000 tons of steel, 165 met
ers long and with a displacement of about 80,000 tons. Each tube has more than 2,500 separate chambers.
e construction site, and the most difficult process is to sink and connect, Yan
g said. His company has invited experts to deliberate in rounds on the cement pouring, sealing and connection.
The Shenzhen-Zhongshan Bridge is another important infrastructure project of the country’s 13th Five-Year Plan (2016-2020).
The construction started on Dec 29, 2016. It is expected to put into operation in 2024.