Last week, Unilever established its China Consumer Product Safety Collaboration Center in Shanghai. The center plans to underpin the safety and sustainability of home care, personal care and food consumer products, and work on the traceability of the supply chain, through a series of programs that encourage expertise sharing and cooperation.
Last month a number of major cities in China made progress in developing a long-term rental market. Beijing, for example, will choose houses within one kilometer of bus and tube stations or industrial zones as rental properties to make people's daily commute more convenient, the Beijing Municipal Commission of Urban Planning and Land and Resources said last month.
Last month, the China Banking Regulatory Commission revised rules for foreign banks, scrapping approval procedures for four business items including overseas wealth management products and portfolio investment funds.
Lardy agreed as some suggested that China should be cautious about liberalizing the financial sector. "I think it's a step in the right direction," he said.
Last year, China-US trade tensions were in the global spotlight for much of the year. The evolution of their economic and trade ties is expected to attract even more attention this year, as the world economy is predicted to continue weakening.
Large commercial banks also increased their medium-term borrowing rates. A branch of Bank of China Ltd, the country's fourth largest State-owned commercial lender by assets, offered three-year CDs with a denomination of 200,000 yuan at an interest rate of 3.85 percent. Its three-year fixed-term interest rate was 3.575 percent on Tuesday, compared with the benchmark rate of 2.75 percent.
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Last year, the capital inspected and punished 13 unlicensed funeral van operators and made 187 legitimate vans available to the public, according to Wang Yeyong, leader of the law enforcement supervision team of the city's civil affairs bureau.
Last year, about 432 million Chinese read digital publications on electronic devices, such as personal computers, mobile phones, tablet computers and e-readers, according to the report released by China Audio-Video and Digital Publishing Association.
Last month, the sales of passenger cars reached 2.06 million, falling 12.04 percent year-on-year. Sales of sedans, SUVs, MPVs and crossovers were the main drivers behind the drop, particularly the crossover vehicles which slumped 21.93 percent year-on-year.
Last December, the UN General Assembly overwhelming denounced Trump's decision to recognize Jerusalem as Israel's capital and move the US embassy there, despite US ambassador to the UN Nikki Haley's reckless threats to UN members who disrespected the US on the issue.