To date, the government has allocated relief funds totaling 1.08 billion yuan (9 million).
To check the banks’ excessive risk-taking and to tightly monitor lending, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law in July 2010. The financial overhaul ruled out government bailouts of big banks in the future and protects consumers from risky loans, e.g. toxic mortgages and abusive financial services.
To follow up its third public welfare program, the FAW-Volkswagen launched a fourth program at the same event.
To facilitate the development of the Yangtze River Economic Belt, Shanghai Municipality and Jiangsu and Zhejiang provinces are encouraged to set up industrial zones in the river's upstream and midstream areas to seek coordinated growth, the statement added.
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To boost grain production, the country aims to cultivate 800 million mu of high-standard farmland by 2020, he said.
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To Kwakwa, having more multilateral development banks is just a reflection of the multilateral world today. "It brings more developing financing to the table in the context that a lot more is needed than traditional sources can provide," she said, adding that more partners coming together makes it possible to tackle complex and large operations, sharing the risk and burden.
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To bring corrupt officials who have fled overseas back to face justice, China has heightened its cooperation with the international community.
To date, 52 of the 100 most-wanted fugitives have returned from more than 16 countries and regions, including Hu Yuxing, former head of the Taiyuan city housing system reform office in Shanxi province. Hu was suspected of abusing power and returned in January after spending 16 years on the run in Australia.