The new rules unify regulatory standards for asset management products and address issues such as implicit guarantees by banks on many WMPs.
The newly added total social financing (TSF), another significant financing gauge, increased by 386 billion yuan from the same period a year ago to 1.1 trillion yuan in May.
The new policy marks the third time this year China has reduced tariffs on imported goods. A State Council executive meeting in May decided to decrease tariffs on a number of daily consumer goods, while a meeting in April placed a zero-tariff policy on cancer medicines.
The new facility will also include a styrene monomer and propylene oxide plant, which will be the largest in China when it begins operations.
The new Party chief of Hebei province, Wang Dongfeng, emphasized during a visit to Xiongan New Area on Tuesday that the planning and building of the area should be carried out according to high standards.
The new system features monitored waste oil collection and transportation, based on a big data platform.
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The need for nations to ditch prejudices and work together to fight a common enemy has become even pressing now that the novel coronavirus turns into a global crisis, say Brazilian scholars in pointing to China as setting a good example.
The new foreign-funded enterprises are from 30 countries and regions, the department said.
The navigation system could take its cues from GPS, an indoor positioning system or an inertial measurement unit. There’d be a motorized system to pick up and drop off payloads, but the application doesn’t describe that system in depth.
The new retail model also keeps gaining ground in China, as more and more offline stores connect online to reach and serve customers, especially in the food service sector.