Investors check share prices at a securities brokerage in Shanghai on Monday. [Photo by Yin Liqin/China News Service]
International investors’ holding of RMB was traditionally low, due to the currency’s lack of convertibility. This changed in 2008, when the financial crisis pointed out the dangers of the world economy’s over reliance on the dollar as the dominant currency.
Investors should be alert to hidden risks of the IMOs, the National Internet Finance Association of China (NIFA) said in a statement on Friday.
Investors were dissatisfied by US President Donald Trump's address Wednesday because, in their view, it didn't offer a strong fiscal response to boost economic growth during the coronavirus outbreak.
Inventor and artist Victor Wong watches as AI Gemini draws a landscape ink painting. [Provided to China Daily]
Instead of lowering the RRR for all banks, Monday's cut is a focused tool that can improve monetary policy efficiency and avoid a "flood-like" stimulus, said analysts.
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Inspired, he spent two years traveling to national libraries in France, Great Britain and China to locate and research musical manuscripts from the Dunhuang Library Cave. Through slides and videos, he offered a glimpse of his journey.
International community urges India and Pakistan to sit down and talk
Introduced by a local hospital, Xiao met Dai Chuanchang, a chief doctor from No 9 People’s Hospital Affiliated to Medical College in Shanghai Jiaotong University. Doctor Dai examined Xiao and decided to operate her. Since the financial situation of the family was bad, the hospital decided to forgo some expenses.
International community urges India and Pakistan to sit down and talk