PBOC interest rate refo上海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上海419

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

上海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上海419

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

上海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.上海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

上海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上海419

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

上海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上海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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What’s happening i上海419world next week

Russian President Vladimir Putin shakes hands with French President Emmanuel M

acron during a meeting on the sidelines of the G20 summit in Osaka, Japan, on June 2上海419品茶微信

Putin will visit France, Finland; the G7 Summit will be held in France; the Italian Senate will

debate a no-confidence motion in government; the president of Romania will meet his US counterpart.上海419

These are the international events under the spotlight for the week starting August 19.

上海419品茶微信Russian President Vladimir Putin will visit France on Aug 1

9 to discuss with his French counterpart, Emmanuel Macron, bilateral partnership.

During the one-day working visit, the leaders will also ta上海419

lk about Ukraine and discuss prospects for work within the Normandy Four.

The Normandy Four consists of Russian, Ukrainian, French a

上海419品茶微信nd German senior representatives and aims to resolve the Ukrainian crisis.

On Aug 21, Putin will also pay a working visit to Finland at the invitation of Finnish President Sauli Niinisto.

Besides bilateral cooperation, the leaders will discus

s international and regional issues, including Russia’s relations with th上海419品茶微信

e European Union in the context of Finland’s current presidency of the EU Council.

Leaders of the G7 group of industrialized nations gather in Biarritz for their 45th summit on August 24-26.

French President Emmanuel Macron will play host to the heads of state and governme上海419

nt of Canada, Germany, Italy, Japan, the United Kingdom and the United States.

Under its presidency of the G7, France has set a number of goals and priorities tha

上海419品茶微信t will be addressed at the summit, including the fight against security threats and terro

rism, protection of the planet through climate finance and the promotion of gender equality.

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hails Sino­-Brazilian 上海419 on their th anniversary

President Xi Jinping said on Thursday that he stands ready to make joint efforts with Brazilian President Jair Bolsonaro to lift

the comprehensive strategic partnership to a higher level to benefit the two countries and their people.上海419品茶微信

He made the remark when exchanging greetings with Bolsona

ro on the 45th anniversary of the establishment of bilateral relations.

上海419Since their diplomatic ties were forged 45 years ago, the China-­Brazil relationship has grown stronger as time goes by, with fru

itful achievements in all areas, bringing concrete benefits to people of the two countries, Xi said.

China and Brazil have set a good example of unity, cooperation and shared develop上海419品茶微信

ment between developing countries, he said. Xi said both countries are now at a critical period of national d

evelopment, and bilateral cooperation has huge potential and a promising future.上海419

Bolsonaro said in a message that his nation is proud that the two coun

tries have been adhering to the goal of mutual development and bilateral cooperation.

That cooperation has become mature and diversified since the two countries establish上海419品茶微信

ed diplomatic ties, he said. Two-way trade and mutual investment between Brazil and China have been gro

wing continuously and the two countries enjoy good cooperation in strategic fie

lds such as space, which fully reflects the mutually beneficial nature of the Brazil­-China relationship, Bolsonaro said.上海419

The Brazilian president added that he is willing to work with Xi and j

ointly plan for further development of bilateral ties to benefit the nations’ people.

The vocational education and training centers in the Xinjiang Uygur autonomous region are the key batt上海419品茶微信

lefield in the fight against terrorism and extremism in China, and have greatly succeeded in eliminating the soil and co

nditions in which terrorism and religious extremism take root, a white paper said on Friday.

Through education, the vast majority of trainees now recognize the nature and harm上海419品茶微信

of terrorism and religious extremism, freeing themselves from the control these phenomena exert over their mi

nds, according to the white paper on Vocational Education in Xinjiang released by the State Council Information Office.

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What’s happening i 上海419rld next weekanghai will

Shanghai will host the 12th round of China-US trade talks; The 52nd ASEAN foreign ministers’ meeti

 上海419ng will be held in Thailand; Colombian president will pay a state visit to China; Puerto Rico

Governor Ricardo will resign amid public anger over obscenity-laced online chats.

These are the international events under the spotlight for the week starting July 29. 上海419品茶微信

China and the US will hold the 12th round of trade talks in Shanghai from July 30 to 31, said

Ministry of Commerce spokesman Gao Feng at a news conference on Thursday.

 上海419The meetings scheduled for next week will be the first face-to-face discussions betw

een the two sides since their top leaders met at the G20 summit in Japan last month.

The 52nd ASEAN Foreign Ministers’ Meeting (AMM) and its related m 上海419品茶微信

eetings will take place from July 29 to Aug 3 in Bangkok. The meetings will further ad

vance topics discussed by ASEAN leaders at the 34th ASEAN Summit, which has just concluded.

 上海419The main topics at the AMM in Bangkok will continue to be driving and responding to new challenges, which are relat

ed to the launch of a satellite warehouse in Chai Nat, Thailand, and the opening of the ASEAN Center of Military Medici

ne in Thailand, all capable of supporting countries outside the region coping with natural disasters. 上海419品茶微信

Chinese State Councilor and Foreign Minister Wang Yi will attend the China-ASEAN foreign ministers’ meeting, the ASEA

N-China, Japan and the Republic of Korea foreign ministers’ meeting, foreign ministers’ meeting of East Asia Summit and

 上海419品茶微信the ASEAN Regional Forum foreign ministers’ meeting, all to be held in Bangkok from July 30 to August 3.

US Treasury Secretary Steven Mnuchin and Trade Represent

ative Robert Lighthizer will meet with Vice-Premier Liu He to continue negotiations aimed at imp 上海419

roving the bilateral trade relationship, the White House said in a statement on Wednesday.

 上海419品茶微信Analysts said that holding the talks in Shanghai, the country’s financia

l hub, will help the US have a more direct understanding of China — a nation that is deter

mined to further open up. Previously, the trade talks in China took place in Beijing.

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hailed as strategic part上海419 and Sheikh Moh

Countries sign deals for cooperation during prince’s visit to Beijing

上海419品茶微信President Xi Jinping called on Monday for joint efforts with the United Arab Emirates to accelerate the high-quality b

uilding of the Belt and Road, as the two countries signed a number of landmark programs for bilateral cooperation.上海419

Xi made the remark during a meeting with Abu Dhabi Crown Prince Sh

上海419品茶微信eikh Mohammed bin Zayed Al Nahyan, who is visiting China from Sunday to Tuesday.

China and the UAE should work toward increasing bilateral trade volume to $200 billion by 2030, and expand long-term, stea

dy and comprehensive strategic cooperation in the energy sector, Xi said. In 2018, trade between the two countries rea上海419

ched $45.9 billion, which was up by 12 percent from the previous year, according to the Ministry of Foreign Affairs.

上海419品茶微信China will offer support to the Arab state in opening Chinese classes in 200 schools, Xi said.

After their talks, the two leaders witnessed a ceremony for the exchange of cooperative agreements in areas such as environ上海419

mental protection, artificial intelligence and the peaceful use of nuclear energy. The two countries will con

上海419duct Belt and Road cooperation in production capacity, investment and financing in the Middle East and North Africa.

Recalling his visit to the UAE last July, Xi said the establishment of the bilateral compr

ehensive strategic partnership last year opened a new chapter for the joint progress of both countries.上海419品茶微信

He urged deeper strategic mutual trust and strategic cooperation, saying that Chin

上海419a sees the UAE as an important strategic cooperative partner in the Middle East.

China stands ready to step up coordination with the Arab state in firmly safeguarding the interna

tional system with the United Nations at its core and international order based on international law, Xi said.上海419品茶微信

Both sides should uphold multilateralism, fairness and justice and promote the building of a community with a shared

future for mankind, he added. He called for enhanced bilateral cooperation on counterterrorism and security.

hnxkmh.com

resident Xi Jinping meets 上海419nam’s National Ass

President, Hanoi’s National Assembly chairwoman meet

China and Vietnam should implement the consensus of the two countries’ leaders and maintain ma上海419

ritime peace and stability with practical efforts, President Xi Jinping said on Friday.

上海419品茶微信Xi made the remark while meeting with Nguyen Thi Kim Ngan, Vietnam

‘s National Assembly chairwoman, at the Great Hall of the People in Beijing.

During the meeting, Xi asked her to extend his sincere wishes to Nguyen Phu Trong, ge上海419

neral secretary of the Communist Party of Vietnam Central Committee and Vietnamese president.

上海419品茶微信Xi said China and Vietnam are “friends plus comrades”, and also a community with a shared future with strategic significance.

Noting that next year marks the 70th anniversary of the establishment of diplomatic

relations between China and Vietnam, Xi said that the two countries should stay true to their original a上海419

spiration, focus on the overall situation, develop friendship and deepen cooperation.

上海419品茶微信The two nations should make full use of the traditional advantage of party-to-party exchanges, dee

pen communications on the experience of governance, learn from each other’s outcomes of theoretical innovation, m

aintain the vitality of the two parties and jointly promote the development of socialism, Xi said.上海419

Xi called on the two countries to connect their development strategies, prom

上海419品茶微信ote the connection of the Belt and Road with Vietnam’s Two Corridors and One Eco

nomic Circle plan, upgrade practical cooperation and pursue win-win cooperation.上海419

The two countries should enhance people-to-people exchanges and develop the bilateral friendship, Xi said.

They should strengthen coordination in international affairs and jointly safeguard the interests of the two countries, Xi added.上海419品茶微信

The cooperation of legislative authorities is an important part of bila

teral relations, Xi said, and China’s National People’s Congress and Vietnam’s National

Assembly have maintained frequent contacts in recent years and achieved fruitful outcomes.

osmsxl.cn

Liangzhu Museum re上海419opens to public in Hangzhou

Liangzhu Museum in East China’s Hangzhou reopened to the public Monday after 10 months of closure.

It is often said that Chinese civilization extends back 5,000 years. Now,上海419女神会所

after 15 years of intense research as part of a nationwide project to explore the origins of

上海419女神会所that civilization, archaeologists are able to back up that statement with solid physical evidence.

The results were disclosed at a news conference on Monday at the State Council Information Office.

The project has proved with physical evidence that Chinese civ上海419

ilization exhibited a multifaceted unity, said Guan Qiang, deputy director of the State Ad

上海419女神会所ministration of Cultural Heritage. “It was inclusive, and its succession has never stopped.”

Previously, some overseas scholars expressed doubts about the length of Chinese civilization due “to a lack of physical evidence”.上海419

After several years’ preparation, the project was launched by the Ministry of Science and Technology and the heritage administration in 2004.

上海419女神会所Nearly 70 research institutions and universities have participated in the program, which is led

by the Chinese Academy of Social Sciences’ Institute of Archaeology and Peking University’s School of Archaeology and Museology.上海419

Over 900 academic papers have been published on the proje

上海419女神会所ct, including nearly 400 released in foreign languages or in overseas journals, Guan said.

“We have done large archaeological investigations in several key, capital city-level

sites from 5,500 to 3,500 years ago,” said Wang Wei, a leader of the program from the CASS.上海419品茶微信

New discoveries kept appearing with the help of new research technologies.

Visitors now can see the latest archaeological exhibit – the ruins of the ancien

t Liangzhu city and large water projects dating back about 5,000 years in Zhejiang province.

More than 600 cultural relics are on display at the museum, which covers an area o

f 40,000 square meters, nearly double the number of previously shown cultural relics.

The use of high-tech is the highlight of the reopening. Nineteen digital multi-media projects will vividly display the cult

ure of Liangzhu, including the climate change in the Taihu Lake area, the history of rice planting, and the s

ymbols and characters carved on the pottery and stonewares produced in the region.

In January, the archaeological site was officially submitted to UNE

SCO to compete for recognition as a World Cultural Heritage Site in 2019.

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The Russian presiden上海419品茶微信as no interest

t in changing 上海419品茶微信attitude toward Russia, and therefore Mos

上海419cow 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.”上海419品茶微信

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.

上海419″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上海419品茶微信

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

istribution of local customs to strengthen comprehensive research and judgment and effectively block illegal activities.

上海419品茶微信The move will target the six different transport channels, including sea, air, land, railway, expre

ss and mail, and consider the different characteristics of the flow of infringing goods under diff

erent forms of trade, such as general, market procurement, and cross-border trade and e-commerce, the report said.

At the same time, the customs will strengthen the effective supervision over infringing goods exported to countries and region上海419品茶微信

s such as North America, Europe and Japan. It will focus on goods related to public health and safety, such as

consumer electronics, auto accessories, personal care products, clothing, bags and footwear.

It will intensify supervision over goods exported to South America, A上海419品茶微信

frica and the countries and regions involved in the Belt and Road Initiative. And it will bol

ster key monitoring on the illegal transshipment of infringing goods through Hong Kong and Macao.

suiyincoin.cn

s take a bow at globally important Guangzhou fairsing num

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

上海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上海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上海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上海419.

He, speaking at a media briefing on Tuesday, said activities at the fair would i上海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.

上海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.上海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 voiceeralismresident Xi Jinp

OSAKA, Japan- Chinese President Xi Jinping met with German Chancellor Angela Me上海419

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

ing a meeting on the sidelines of a summit of the Group of 20 major economies i上海419

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

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

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

imn-Jong-un agreed to push for the political settlement of the nuclear issue on the Kor上海419ean Peninsula to promote regional stability.

Merkel on the sidelines of the G20 summit上海419

in Osaka, Japan, June 28, 2019.ders also agreed to discuss cooperation within the framework of the Belt and Road Initiative and

strive for  conclusion of the negotiations on the China-European Union bilateral investment treaty next year.

eijing supports Washington and Pyongyang in holding another leaders’ summitor progress on the poli上海419

tical settlement of the nuclear issue on the Korean Peninsula, President Xi Jinping said on Thursday.

Xi made the remark while meeting with Republic of Korea President Moon Jae-in in Osaka, Japan.上海419

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

public  of Korea both need to be flexible in order to make headway in their dialogue.上海419

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 respectiarties 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上海419

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.

www.gzbbccc.com