The dam ruptured on Friday, releasing a torrent of mud that tore through the miner's offices and cut through a nearby town, leaving a roughly 150-meter-wide wake of destruction stretching for kilometers.
The cut, which goes into effect in 2018, is a structural adjustment that does not change the country's overall monetary policy stance, the central bank explained, stressing that it would continue to implement "prudent and neutral" policy to guide reasonable credit and financing growth.
The country's consumer price index, a main gauge of inflation, rose 2.1 percent year-on-year in March, compared with 2.9 percent for February, the National Bureau of Statistics said on Wednesday. Analysts said the month-on-month decline indicates that high inflation may be unlikely this year, which will prevent policymakers from tightening their monetary policy stance.
The country's forex market was generally stable in the first three quarters with balanced supply and demand, said Wang Chunying, deputy director and spokesperson of SAFE, noting that the effective containment of COVID-19 and economic recovery had offered strong support for market stability.
The court also found that Dai opened bank, stock and fund accounts at a Citibank branch in Hong Kong in 2001 but never declared the property as required. As of March 2015, when he was put under investigation for suspected serious violations of discipline and law, there was more than 1.58 million yuan in these accounts.
The data marked a year-on-year increase of 14.7 percent and 13 percent, respectively.
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The culprits received sentences ranging from eight to 12 and a half years at Nantong Intermediate People's Court in Jiangsu province in February.
The current account surplus stood at 6.3 billion in the first nine months, accounting for 1.2 percent of national GDP, according to the State Administration of Foreign Exchange (SAFE).
The crash occurred Friday night shortly before the helicopter landing at Pinotepa Nacional, a coastal town 11 km south of the epicenter of a 7.2-magnitude quake which had jolted Oaxaca State Friday afternoon.
The court granted Chen a lenient punishment according to the law as he confessed to the crime, pleaded guilty and surrendered his illicit gains.