The rates in China's money market, where financial institutions lend each other short-term cash, have recently declined substantially, but the actual bank loan rates have remained high. That is the main reason the authorities launched the reform to unify the "dual-track interest-rate system", according to the central bank.
The reform served as a timely measure to tackle such economic downward pressure, especially considering that traditional monetary policy tools have limited wriggle room as inflation pressure and macro leverage stay high.
The ratio was also lower than both major market and emerging economies.
The reason why the United States is running an overall trade deficit is not mainly because of other nations' restrictions, Singapore Prime Minister Lee Hsien Loong said on Monday.
The recruitment event, jointly organized this year by the Belgian-Chinese Chamber of Commerce (BCECC) and the VOKA Mechelen-Kempen, an industrial association, attracted 17 companies from China and Belgium, including the Chinese liquor brand Moutai and Liege Airport.
The railway, linking Beijing and Zhangjiakou in North China's Hebei province, is a major transportation project for the 2022 Winter Olympic Games.
seo优化排名价格
The proposed new rules, released by the provincial Legislative Affairs Office for public feedback, do not say how long a ban would last. Smokers and fare dodgers would be fined immediately when they are caught in the act.
The province issued an orange alert-the second-highest level in a four-tier system-on Thursday and launched a second-level emergency response, under which about 35,000 polluting companies are required to suspend production in order to lower emissions.
The quality and returns of economy have improved continuously since the start of this year and the stable and positive market expectations have boosted confidence in Chinese economy from enterprises, residents and international markets in 2018, according to National Development and Reform Commission.
The quake affected more than 12,000 people, 10,000 of whom were being relocated to safe places. The government immediately activated emergency response procedures.