The central bank increasingly relies on open-market operations, rather than changes in interest rates or reserve requirement ratios, to manage liquidity in a more flexible and targeted manner.
The chief director for East Africa and Oceania in South Africa's Department of International Relations and Cooperation, Ambassador Manelisi Genge, told China Daily that relations between the two countries took a giant leap.
The circular pledged stronger financial support, and said one-off subsidies can be granted to those who have returned to hometowns to start businesses for the first time and have operated their businesses for more than a year.
The central bank will continue to support commercial banks and other financial institutions in issuing capital bonds, improve the capital adequacy of the banking industry, and boost their capacity to provide credit, in a bid to facilitate the financial institutions to serve the real economy, it said.
The check out process, which is all contained on one page for the first time, also allows customers to choose what form of shipping they’d like, or whether to pick it up at a local store for free.
The central government spent 7.6 trillion yuan in the first four months of the year, a 15.2 percent year-on-year increase, according to the Finance Ministry. Expenditures in technology research and development rose by 38.5 percent, the fastest growth of expenditure items.
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The central bank reaffirmed subsequently that it would not issue any "short-term stimulus" measures to boost the property sector, as an engine to boost economic growth. Analysts said the PBOC action showed its concern about excessive easing, which may cause high debt levels, such as the side-effects of the massive stimulus after the 2008 global financial crisis.
The city's various sectors condemned the rioters' violence and vandalism.
The city aims to hold its population to 23 million by 2020, with 10.85 million in the city's six core districts. The number of registered residents now stands at 21.73 million.
The city's wetland protection center said Haikou now has more than 9,000 wetland protection volunteers, split into 54 teams.