The Nathu La Pass sits over 4,000 meters above sea level and is wedged between Tibet's Yadong county and India's Sikkim state. It is the shortest land passage for trade between China and India.
The New York Times reported on Monday that acting Defense Secretary Patrick Shanahan had presented an updated military plan to the Trump administration's senior security officials which envisions sending up to 120,000 troops to the Middle East should Iran attack American forces or accelerate work on nuclear weapons.
The NPC Standing Committee's work report had also been endorsed in principle. Li was entrusted by the committee to deliver the report to the second session of the 13th NPC.
The PBOC's United States' peer, the Federal Reserve, is expected to not make any moves in the near term. And the Fed may be make no further rate reductions in the first half of 2020 if GDP growth trends around 1.8 percent or the unemployment rate is stable or lower, Wang said.
The NDRC has demanded that major oil companies, including China National Petroleum Corporation, China Petrochemical Corporation, and China National Offshore Oil Corporation, should work to ensure a stable supply and implement the pricing policy.
The National Bureau of Statistics said on Tuesday that China's growth in industrial value added increased by 7 percent year-on-year in November, from 6.9 percent in October. Retail sales, a key gauge of consumption, was up by 5 percent year-on-year, the fastest level of the year, the bureau said.
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The PBOC also highlighted the need to control financial risks and said risk prevention mechanisms will be maintained over the longer term after the current three-year battle to contain financial risks ends.
The North Star Metric, a concept from Silicon Valley that helps companies to achieve long-term sustainable growth, highlights product development and brand value delivery.
The New Area will cover around 100 square km initially and will be expanded to 200 square km in the mid-term and about 2,000 square km in the long-term.
The PBOC also decided to cut the interest rate of re-lending designated for agricultural entities and SMEs by 0.25 percentage point, down to 2.5 percent.