PBOC interest rate refo微信群红包419 small businesses

Borrowing costs will get lower for companies in China starting Tuesday through a

key interest rate reform brought out by the People’s Bank of China, the central bank, to maintain ec微信群红包419

onomic momentum amid the continuing trade friction with the United States.

微信群红包419女神会所Analysts say the interest rate reform will lower financing costs for small a

nd private companies and encourage investment in the manufacturing sector.

The PBOC unveiled the policy over the weekend, saying it would introduce a new reference rate, the loan prime rate-the pr微信群红包419

ice of loans banks offer their best clients-for setting the prices of business and household loans. The earlier re

微信群红包419ference rate, the one-year benchmark lending rate, will be replaced in the future.

The announcement is seen as China’s most significant market-based interest rate reform for over a decade, experts said.微信群红包419女神会所

The PBOC said in a statement that, starting Tuesday, 18 qualified commer

cial banks, including State-owned banks, city and rural commercial banks and foreign banks, will report their lend

微信群红包419ing reference rate every month. Analysts expect the first loan prime rate will be much lower than the current 4.35 per

cent one-year benchmark lending rate, which has been unchanged since August 2015.

The statement said commercial banks will be allo微信群红包419

wed to float the lending rates up by certain percentage points above the medium-ter

微信群红包419女神会所m lending facility rate of the central bank. The medium-term lending rate is the cost that commercial banks sho

uld pay for borrowing from the central bank, and it was set at 3.3 percent on Thursday.

Sheng Songcheng, a central bank adviser and former head of the PBOC’s

statistics department, said the reform will help keep lending rates lower.

Moreover, the changes will enable the PBOC to effectively influence Chin微信群红包419女神会所

a’s entire interest rate system by selling or buying financial instruments on the open

market, much like how Western central banks implement monetary policy, Sheng said.

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Journalist abused at微信群红包419ys he still loves Hong Kong

Global Times journalist Fu Guohao was discharged from a Hong Kong hospital on Wednesday, ha

ving been detained and assaulted by protestors at Hong Kong International Airport for almost an hour la微信群红包419女神会所

te on Tuesday during a sit-in that shut down the airport’s operations for almost two days.

Fu met media after he was discharged from the Princess Margaret Hospital in the New Territories of Hong Kong SAR. Fu微信群红包419

said he did not suffer serious injuries, coming away with just some bruising to his face.

Fu thanked the public for their care and concern, saying he still loves Hong Kong.

微信群红包419Fu was sent to Hong Kong by the Global Times to cover the protests. The mass sit-in

at the airport started on Friday and led the airport to halt operations for two days.

Wearing a yellow press jacket, Fu’s hands and legs were bound while he微信群红包419

was assaulted by a group of protestors who didn’t believe him to be journalist.

Fu was taken away by ambulance early Wednesday morning.

Hours before the assault of Fu, a tourist from Shenzhen, Guangdong province, was微信群红包419女神会所

also detained and assaulted for hours by protestors who had doubts about his identity.

ome journalists tried but were unable to rescue the man, with protestors accusing those journalists of being undercover agents.

微信群红包419The protestors demanded that the journalists produce identity documents to prove that they were reporters.

The man was later rescued after riot police arrived at the airport.

Shortly after Fu was detained and assaulted, Global Times editor-in-chief Hu

Xijin confirmed on his Sina Weibo account that Fu works for the media organization.微信群红包419女神会所

Hu said the protesters’ actions were “shameless” and “cowardly”.

Hu urged protesters, whom he called “mobs”, to respect journalists.微信群红包419

“If these radical protesters in Hong Kong could conduct brutal lynching against jou

rnalists, then you tell me, should we stop calling you mobs, but ‘terrorists’?” Hu asked.

In a letter to Hu, the Hong Kong Association of Media Veterans condemned what happened to Fu at the airport.微信群红包419女神会所

The association, with a membership of more than 1,000 media prof

essionals, said Fu has shown the world how to be a professional reporter.

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Desecration of nation微信群红包419condemnedents partic

. CHINA DAILTheir act constitutes a violation of the National Fla

g and National Emblem Ordinance in Hong Kong, and a blatant affront to the n

微信群红包419品茶微信ational dignity and the principle of “one country, two systems”, the spokesperson said.It also hurt the feelings of the Chine

se people, including the people of Hong Kong, the spokesperson added.Central authorities call it second s

uch insult, urge restoration of order in HKA spokesperson for the Hong Kong and Macao Affairs Office of the State C微信群红包419

ouncil made the remarks in response to an illegal assembly on Saturday in which some radical protesters removed the n

微信群红包419品茶微信ational flag from a flagpole near Tsim Sha Tsui Star Ferry Pier and tossed it into the harbor.The spokesperson of the Li

aison Office of the Central People’s Government in the Hong Kong Special Administrative Region said it was the se

cond time the nation’s dignity was trampled by radical protesters who besieged the liaison office building and d微信群红包419

efaced the national emblem on July 21.The central government lambasted radical protesters in Hong Kong on Su

nday for blatantly trampling on the national dignity and the principle of “one country, two systems”.Hong Kong r微信群红包419品茶微信

esidents participate in a rally at Victoria Park in the Special Administrative Region on Saturday to show their

support for the city’s police and wishes for a return to peace and orderSuch lawlessness must not be allowed and

微信群红包419offenders must be brought to justice in accordance with the law, the spokesperson said, reiterating the central

government’s support for the SAR government and police to strictly enforce the law to punish lawbreakers and

restore order.Strong criticism poured in from various sectors of Hong Kong after a weeke微信群红包419品茶微信

nd of violence rocked the city, paralyzing traffic and disrupting business in many areas.

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Remains of ex-prem 微信群红包419crematedshakes hand

?with a family member of late Chinese leader Li Peng in Beijing, capital of China, July 29, 2019. Late Chinese leader Li Pe

?微信群红包419品茶微信ng was cremated in Beijing on Monday. Xi Jinping, Li Keqiang, Li Zhanshu, Wang Yang, Wang Huning, Z

hao Leji, Han Zheng, Wang Qishan and Jiang Zemin, among others, paid their final respects at the Babaoshan R

?微信群红包419evolutionary Cemetery. Hu Jintao, who is not in Beijing, sent a wreath to express his condolences

The cremation of former premier Li Peng took place on Monday in Beijing.

At the Babaoshan Revolutionary Cemetery, President Xi Jinping, Premier Li Keqiang and oth?微信群红包419

er members of the Standing Committee of the Political Bureau of the Communist Party of China Ce

?微信群红包419品茶微信ntral Committee — Li Zhanshu, Wang Yang, Wang Hu-ning, Zhao Leji, Han Zheng — as well as Vice-President Wang Qi

shan and former president Jiang Zemin, stood in silent tribute and bowed three times in front of the former p

remier’s body on Monday morning. They also extended their condolences to Li’s family.?微信群红包419

Former president Hu Jintao, who was not in Beijing at the time, sent a wreath and his condolences.

Li, aged 91, passed away due to illness in Beijing on July 22.

?微信群红包419In addition to being premier and chairman of the ninth National People’s Congress Standing Committee,

Li was also a member of the Political Bureau, the Secretariat of the 12th CPC Central Committee and the Standing Committee of

the Political Bureau of the 13th, 14th and 15th central committees of the CPC.A Chinese national flag flies at half-mast to m?微信群红包419品茶微信

ourn for late Chinese leader Li Peng at Tian’anmen Square in Beijing, capital of China, Jul

To mourn his death, the national flag at Tian’anmen Square was flown at half-staff a

?微信群红包419品茶微信t 5:10 am on Monday as the national anthem, March of the Volunteers, was played. National flags at Xi

nhuamen, the Great Hall of the People, the Ministry of Foreign Affairs, seats of provincial-level committees of the CPC a

nd provincial-level governments, the Hong Kong Special Administrative Region, the Macao Special Admi?微信群红包419

nistrative Region, seaports, airports and Chinese embassies and consulates were also flown at half-staff.

?微信群红包419品茶微信Li was extolled in an obituary issued by the central authorities as “an excellent Party member, a time-tested and loyal Communist

soldier, and an outstanding proletarian revolutionary, statesman and leader of the Party and the State”.

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hina issues white pape微信群红包419al matters concerning Xinj

?The State Council Information Office on Sunday issued a white paper

微信群红包419on historical matters concerning Xinjiang Uygur Autonomous Region in northwest China.

China is a unified multiethnic country, and the various ethnic group微信群红包419

s in Xinjiang have long been part of the Chinese nation. Throughout its long history, X

微信群红包419injiang’s development has been closely related to that of China, the white paper said.

However, in more recent times, hostile forces in and outside China, especially se

paratists, religious extremists and terrorists, have tried to split China and bre微信群红包419品茶微信

ak it apart by distorting history and facts, the document, titled “Historical Matters Concerning Xinjiang”, said.

微信群红包419Xinjiang has long been an inseparable part of Chinese territory. Never has it bee

n the so-called “East Turkistan.” The Uygur ethnic group came into being throug微信群红包419品茶微信

h a long process of migration and integration, the white paper said, adding that it is part of the Chinese nation.

In Xinjiang, different cultures and religions coexist, and ethnic cultures have been fostered and developed in the embrac微信群红包419

e of the Chinese civilization. Islam is neither an indigenous nor the sole belief system of the Uygur people. It has ta

ken root in the Chinese culture and developed soundly in China, the document said.微信群红包419品茶微信

The surge in religious extremism around the world has caused a rise in religious extremis

微信群红包419m in Xinjiang and has resulted in an increasing number of incidents of terror and violence, it noted.

“Xinjiang’s fight against terrorism and extremism is a battle for justice and civilization

against evil and barbaric forces. As such it deserves support, respect and understanding,” it said.微信群红包419品茶微信

The document said that some countries, organizations and individual

微信群红包419s that apply double standards to terrorism and human rights have issued unjustified

criticism of Xinjiang’s effort. This kind of criticism betrays the basic conscience and j微信群红包419品茶微信

ustice of humanity, and will be repudiated by all genuine champions of justice and progress, it said.

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Hog industry gets he微信群红包419lp amid deadly outbreaks

hina will intensify efforts to make its hog farming sector safer and ensure stable supplies after the industry has

微信群红包419been seriously affected by African swine fever outbreaks, the Ministry of Agriculture and Rural Affairs said on Thursday.

“We will place equal importance on disease prevention and control and on pork output to st

abilize hog production and try to guarantee market supplies,” Vice-Minister of Agriculture and Rural Af微信群红包419

fairs Yu Kangzhen said at a news conference organized by the State Council Information Office.微信群红包419

Yu was elaborating on a guideline released by the State Council on Wednesday regarding intensifying prevention and control of African swine fever.

Outbreaks of the fever have been effectively contained in China in recent months following strict controls and prevent

微信群红包419品茶微信ion efforts taken since early August after the first domestic outbreak of the disease was reported. But the co

untry still faces severe challenges in the disease’s prevention and control, and sustained efforts are needed, he said.

Yang Zhenhai, chief of the ministry’s Animal Husbandry and Veterinary Medicine Bureau, said monit微信群红包419

oring has shown the number of live hogs in China fell by nearly 23 percent year-on-year in May due to the outbreaks.

The ministry will work with related authorities to urge local governments to implement policies and m微信群红包419品茶微信

easures designed to support hog raising, including offering preferable loans to hog farmers and cash subsidies to those wh

微信群红包419ose animals were slaughtered due to swine fever prevention and control measures, he said.

The authorities will encourage hog farmers to replenish stock and organize technicians to hel

p them solve problems in hog raising. Meanwhile, the ministry will guide local authorities to help hog fa微信群红包419品茶微信

rms improve waste treatment facilities, and prevent them微信群红包419

The ministry will also support cross-regional transport of pork to replace transport of live pigs-which is still co

mmon practice in many places-to reduce the chance of the spread of disease, Yang said.微信群红包419品茶微信

As of Wednesday, Yu said, 143 swine fever outbreaks had been reported in China, 44 of them this year. To prevent it spre

ading, nearly 1.2 million hogs were slaughtered. Quarantine measures have been lifted in 25 provincial areas, he added.

“In general, the frequency of swine fever outbreaks has noticeably decreased, and hog p

roduction, transport and distribution are gradually being restored,” Yu said.

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s take a bow at globally important Guangzhou fairsing num

An increasing number of small and medium-sized enterprises are stepping outside of

微信群红包419女神会所their own countries and regions to reach global markets with the help of an imp

ortant annual fair in Guangzhou, capital of South China’s Guangdong province.

The China International SME Fair – which has focused on establishing a platfor微信群红包419

m for displays of transactions, exchanges and cooperation among SMEs around the world since 2004 – will be

held from Oct 10-13 in Poly World Trade Expo Center this year, according to the event’s organizer.

SMEs take a bow at globally important Guangzhou fair

“We have designed a series of activities to bring substantial benefits and business opportuni微信群红包419女神会所

ties to international SME exhibitors, so that they can better participate in the industri

al and economic chains of the world,” said He Zuoxian, deputy director-general of the Guan

gdong SME Bureau and director-general of the China International SME Fair Bureau微信群红包419.

He, speaking at a media briefing on Tuesday, said activities at the fair would i微信群红包419

nclude cross-border business matchmaking events, a promotional tour along the Belt and Road countries and regions, investment and funds sourcing promotions especially for overseas delegations, as well as procurement meetings.

微信群红包419女神会所So far, delegations from 28 countries, regions and international organizations have confirmed they are attending, with reservations for almost 1,100 stands – accounting for about 45 percent of all booths at the October fair, according to the organizer.

The United Arab Emirates is the co-host country of the fair for the first time, said He, bringing the total number of foreign co-hosts to 18 since the show was launched.微信群红包419女神会所

The UAE delegation will comprise some 75 SMEs from a broad range of sectors: agriproducts, trade and retail, innovation, technology, hospitality, industries and manufacturing. These will cover a total exhibition area of 800 square meters, said Rahma Alshamsi, UAE consul general in Guangzhou.

A number of countries – including Bulgaria, Mexico, Brazil, the Philippines, Laos and Myanmar – have shown great interest in co-hosting the fair in the future and will hold talks with the organizers during the event, He said.

Meanwhile, the United Nations Industrial Development Organization, which co-hosted the fair last year, has agreed to take the role for the next five years starting from this year. He said the move would give impetus to the consistent development of SMEs across the globe.

Zhang Linhe, head of the business unit in the Ofice of Japan External Organization in Gua

ngzhou, told the briefing that 29 companies from a variety of industries – including food, beauty products, fashion and

metalware – would join the Japanese delegation. Zhang said 17 of these are new to the event.

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hina, Germany voice微信群红包419eralismresident Xi Jinp

OSAKA, Japan微信群红包419女神会所- Chinese President Xi Jinping met with German Chancellor Angela Me

rkel here Friday, with both sides calling for upholding multilateralism.

During a meeting on the sidelines of a summit of the Group of 20 major economies i

n the Japanese city of Osaka, the two leanping shakes hands with German Chancellor Angela

While the direction of denuclearizing the peninsula shou微信群红包419品茶微信ld be upheld, Xi said, the DPRK’s legitimate concerns should be addressed as well.

Xi made a state visit to the DPRK last week. During the visit, he and DPRK top leader K

imn微信群红包419-Jong-un agreed to push for the political settlement of the nuclear issue on the Korean Peninsula to promote regional stability.

Merkel on the sidelines of the G20 summit

in Osaka, Japan, June 28, 2019.ders also agreed to discuss cooperatio微信群红包419品茶微信n within the framework of the Belt and Road Initiative and

strive for 微信群红包419 conclusion of the negotiations on the China-European Union bilateral investment treaty next year.

eijing supports Washington and Pyongyang in holding another leaders’ summit微信群红包419品茶微信or progress on the poli

tical settlement of the nuclear issue on the Korean Peninsula, President Xi Jinping said on Thursday. 微信群红包419

Xi made the remark while meeting with Republic of Korea President Moon Jae-in in Osaka, Japan.

The Chinese president said the United States and the Democratic People’s Re

public 微信群红包419 of Korea both need to be flexible in order to make headway in their dialogue.

S President Donald Trump and the DPRK’s top leader Kim Jong-un walk together during their summit in Singapore, JuneRecalling the visit, Xi said the overriding

y address the legitimate concerns of respecti微信群红包419品茶微信arties by following a phased approach with synchronized steps, Xi said.

He urged the ROK to work with China to step up efforts to push for negotiations between the DPRK and the US.

Moon highly commended Xi’s visit to the DPRK, saying the visit has made significant contributions to bu

ilding the momentum of dialogue on the peninsula issue, as well as promoting peace and stability on the peninsula.

Seoul remains committed to improving relations with Pyongyang and stands ready to strengthen cooperation with Beijing on the issue, Moon said.

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The Russian presiden微信群红包419品茶微信as no interest

t in changing 微信群红包419品茶微信attitude toward Russia, and therefore Mos

cow will not compromise on its fundamental national interests in the face of sanctions.

“There is no talk about a truce,” he said. “If we totally surrender and sp

it on our fundamental national interests, will there be any fundamental changes? M

aybe, there will be some external signals. But nothing will change dramatically.”

Putin added that Russia’s losses from economic sanctions were m

ore than five times lower than those of the main countries that imposed them.

“According to expert data, as a result of these restrictions, Russia lost about 50 billion US dollars since 2014, while the European Unio

n lost 240 billion dollars, the United States, 17 billion dollars, and Japan 27 billion dollars,” Putin said.

He said the losses were reflected in a reduction in the number of jo

bs in the countries that imposed sanctions as a result of losing the Russian market.

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India to impose retalia微信群红包419品茶微信roductsmedia

The Indian governmen微信群红包419品茶微信t has decided to impose retaliatory d

uties worth over 200 million US dollars on 29 products from the United States to co

unter the penal duties imposed on Indian aluminum and steel, local media reported Saturday.

The decision, to be officially notified on Sunday, came a few days ahead

of the scheduled visit of the US Secretary of State Mike Pompeo to India to discuss def

ense and trade issues, the Hindu Business Line quoting an unnamed government official as saying.

In June last year, India announced retaliatory tariffs worth 230 million US dollars on 29 US goods. However, India h

as since been postponing implementation of the duties in a bid to address trade concerns.

The trade concerns including the proposed withdrawal of the Generalized System of Preferences by the United States o

n India taking effect on June 5, may have prompted New Delhi to finally put the duties in place, the report said.

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