Thursday's operation aims to offset impacts from payments for taxes and government bonds, and keep liquidity in the banking system at a reasonable and stable level, the PBOC said.
Though trust in brands made by companies headquartered in China has risen at home, it has remained flat globally in the past five years and companies must focus more on reputation building, said the 2018 Edelman Trust Barometer. The survey was jointly conducted by Edelman China and the National Image Research Center of Tsinghua University and released on Mar 22 in Beijing.
Though the outbreak has led to serious economic contraction, the United States Congress passed a 4 billion economic relief package on Thursday for small businesses, hospitals and coronavirus testing. It sent the US government's fourth stimulus bill since the outbreak to the White House, according to US media.
Three African countries, including Benin, Djibouti and Rwanda, were approved to join AIIB at its Fourth Annual Meeting on July 13 last year, expanding AIIB's "Circle of Friends" to 100.
Tian Xuan, chief researcher for this report on CVC jointly released by the PBC School of Finance, Tsinghua University and CYZone. [Photo provided to chinadaily.com.cn]
Three years ago on this day, we discussed in Beijing the blueprint for Asia-Pacific cooperation. The Chinese people believe that three years is a good time to take stock of what one has achieved. In the past three years, the world economy has gradually rebounded, showing strong momentum of recovery since the outbreak of the international financial crisis. People in all sectors are gaining more confidence.
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Tianjin Rockcheck Investment Holding Group Co Ltd, a steel producer, expects to cut production costs by 200 million yuan (.17 million) every year since it started intelligent steel manufacturing on Jan 1 this year, said Li Xinchuang, president of China Metallurgical Industry Planning and Research Institute.
Tian Haicheng lost the use of his arms and legs in a road accident in March 2016. Two months later his wife left, taking away their son who was born in 2008. So he now lives with his daughter and his nearly 70-year-old parents. After surgery, he was left in 120,000 yuan in debt.
Thursday's interbank market showed the overnight Shanghai Interbank Offered Rate (Shibor), which measures the cost at which banks lend to one another, climbed 9.5 basis point to 2.519 percent. The Shibor rate for one-month loans rose 2.6 basis point to 2.9 percent.
Tianjin's medical team to Africa has a history of up to 56 years and it was the country's first medical team assisting African countries with leading medical services to the needy and those at the grassroots level.