Li Qilin, chief analyst at Yuekai Securities, said the dollar liquidity stress has a limited impact on China's financial market and the risks are under control, although the yields on some interest rate bonds sharply rose last week, given the weak risk appetite.
Li began to study calabash carving when he was 10 years old. After three years of study in fine arts, he began to try unique carving techniques.
Leyard believes it is well placed to exploit the coming growth opportunities. Sales revenue this year is expected to exceed 9 billion yuan (.4 billion), generating a profit of 1.2 billion yuan and market value of about 30 billion yuan. Leyard's R&D spend is 7 percent of sales.
Li Dan, head of the African Studies Center at China Foreign Affairs University in Beijing, said the new initiatives are "an extension and also an upgrading" of the 10 major China-Africa cooperation plans proposed by Xi at the FOCAC Johannesburg Summit in 2015, but are "broader and more targeted".
Li added that the increasing proportion of people over 60 would pile pressure on those of working age and pose challenges to economic development and social insurance policies.
Li Guanghui, vice-president of the Chinese Academy of International Trade and Economic Cooperation, said China's exports to Africa are gradually shifting toward products with higher technical content, such as mechanical and electrical products, cars, motorcycles, building materials, smartphones and telecommunications equipment.
专业排名优化
Lenders' onshore liabilities rose 6.7 percent to 236.4 trillion yuan by the end of September, said the regulator.
Li and Merkel stepped into one automatic-driving car to try the new technology. After that, Li invited Merkel to experience such a car in China next time.
Level 2: hands-off
Li called on the financial sector to adopt concrete steps to cut financing costs as profit margins for smaller businesses and large enterprises shrink.