The Scottish government said it wants to increase ties in education and innovation with China. The strategy includes plans to get more Scottish young people to learn Mandarin through linguistic programs such as the Confucius Classroom. As part of the initiative, more than 40 locations in schools and community centers have been set up across the country where primary and secondary students can learn Mandarin.
The Panama-registered oil tanker Sanchi exploded and sank in the East China Sea on Sunday afternoon, eight days after it collided with a cargo vessel and burst into flames. China's ocean administration is busy monitoring its subsequent environmental impact.
The People's Bank of China, the central bank, is now more confident about using flexible monetary policy tools to cope with an impending US funds rate hike later this week, without disturbing the predetermined financial deleveraging pace and interest rate reform, said economists.
The Pentagon announced over a week ago that the United States has "indefinitely" suspended select military exercise programs with the Republic of Korea (ROK) to support the outcome of the summit, including FREEDOM GUARDIAN, a major annual war game usually held in August and September, along with two Korean marine training exercises.
The People's Solidarity for Participatory Democracy (PSPD) said in a statement that the war games were still massive in scale and aggressive in nature though they were scaled down this year, noting that the military drills were carried out under the scenario of military conflicts requiring a US reinforcement to the peninsula.
The People's Bank of China, the central bank, said on Thursday that it would make targeted cuts to the reserve requirement ratio, or the amount of cash that banks need to set aside as reserves, to ensure sufficient liquidity and increase credit to small businesses affected by the novel coronavirus outbreak.
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The S&P 500 technology sector, a main driver of the long US bull run in stocks, sank 3.5 percent.
The People's Bank of China is seen in this file photo taken in Beijing. [Photo/Xinhua]
The Ritz-Carlton Beijing, Financial Street offers its April afternoon tea, revolving around the theme of plants.[Photo provided to China Daily]
The SAR government looks to ease the burden on companies' operational expenditures, help them solve the liquidity squeeze and offer strong support to seek for business partners, Chan said.