The Chinese central bank responded quickly in December and March, after the Fed's rate hikes, by lifting the one-year medium-term lending facility interest rate 5 basis points each time, when maintaining a stable exchange rate for the yuan was the PBOC's priority, according to Peng.
The Chief Executive, Carrie Lam, meets the media with the newly appointed Secretary for Justice of the Hong Kong SAR government Teresa Cheng Yuek-wah (right) and Rimsky Yuen Kwok-keung (left), who is leaving the post, at the Office of the Chief Executive in Central on Jan 5 ,2018 [Parker Zheng / China Daily]
The Chinese dream is one of the nation's development, not one of hegemony. A stronger China will only have positive effects.
The China Cuisine Association, the country's largest catering union, has established a New Retail Catering Commission to promote the use of internet, data and automation in a bid to digitize the 4-trillion-yuan (5 billion) sector.
The Chinese government and private enterprises are currently busy supporting Africa, where COVID-19 is now increasingly spreading, on a large scale, with comprehensive aid packages and advice, Grobler said.
The Chinese embassy in Colombo activated an emergency response mechanism immediately after the incident, and embassy officials visited injured Chinese nationals being treated in hospitals who were reportedly in stable condition.
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The Chinese economy is expected to continue its steady growth for the rest of this year, Zhou Xiaochuan, China's central bank governor, has said. He expected the economy to grow 7 percent in the second half of this year.
The China (Shanghai) Pilot Free Trade Zone, the first one in China, made its debut in 2013, and has become a pioneer in China's comprehensively deepening reform and opening up.
The China Insurance Regulatory Commission and the China Banking Regulatory Commission is replaced by a banking and insurance regulatory commission in accordance with the restructuring plan of the State Council announced in March.
The CUBI will offer support to UK business looking to trade with China and supply incubation space to Chinese nationals interested in setting up businesses in Sheffield.