The decision is considered a major step in nurturing a sustainable property market as the government used to be the only legitimate supplier of land for housing purposes.
The decline of almost all assets-stocks, bonds, gold, petroleum-revealed the panicky investors' extreme sensitivity toward information amid uncertainty brought by the pandemic. They showed a great demand for safe assets whose supply was inadequate.
The documents will further enhance cooperation between the two countries and promote bilateral relations, Xi told reporters after the signing ceremony.
The deductions cover six categories: children's education, continuing education, treatment for serious diseases, mortgage interest, rent and eldercare.
The debt is also outside the annual debt quota approved by the country's top legislature.
The decline narrowed from the 40.9-percent drop for the first 10 months this year. MOC spokesman Gao Feng was cited by the statement as saying that "irrational outbound investment has been further curbed."
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The debt level is lower than in major, market economy countries and emerging-market economies, and the overall local government debt risk is under control, according to the ministry.
The demonstration effect of various measures taken by the governments to promote employment and increase income has stimulated the enthusiasm of ethnic minorities in Southern Xinjiang to go out for employment. Some of them take the initiative to inquire about recruitment information at job market; some ask their relatives working in other provinces or fellow villagers to help them find jobs. Pashagul Keram from Wuqia County, Kizilsu Kirgiz Autonomous Prefecture, has worked in Dongguan, Guangdong Province for many years. She has not only made herself better-off, but also influenced nearly 600 fellow villagers to go out to work. Aymigul, a farmer from Makit County in Kashgar Prefecture, volunteered to go out to work, and helped her family get rid of poverty. "I hope I can start my own business in my hometown one day," she said. In 2015, a young Kazakh couple Tursun Ali and Aygulsen Jamik were introduced by the husband's cousin to work in a cotton mill in Shihezi of northern Xinjiang. Deleting their monthly expenses of about 500 yuan, the couple can earn nearly 10,000 yuan of net income. After three years, they used their savings to buy an apartment of more than 100 square meters in Yining city with a down payment of more than 300,000 yuan and a loan of 200,000 yuan. They also introduced more than 10 fellow villagers to work in their company.
The digitized masterpiece will be showcased in the future using virtual reality equipment in the digital gallery of the museum, though no specific timeline is set.
The digitalized renminbi issued by the PBOC is called the "digital currency and electronic payment", or DC/EP. Its goal is to replace part of the cash in circulation, the central bank said earlier.