Lou Feipeng, a senior economist at Postal Savings Bank of China, said the first reserve ratio cut in 2020 aims to reduce social financing costs by providing capital for the early issuance of local government bonds that will strengthen infrastructure construction. As the cut was made at the start of the year, commercial banks are able to lend more to companies and receive profits earlier.
Los Angeles Mayor Eric Garcetti released a statement expressing his sentiment.
Luo Ying, a partner in Huagai Healthcare Fund, a Beijing-based private equity investment firm that invests in the healthcare sector, said another challenge for the industry is that too much money is spent on advertising to attract new customers and increase market share, instead of on day-to-day operations, which is impairing the healthy development of the industry.
Lottery sales totaled 36.4 billion yuan (about .2 billion) in September, slumping 13 percent year on year, according to a statement from the Ministry of Finance (MOF).
Lu Hua, owner of the Lyuhe peach farm in Sheyang, has also hired locals on his farm, which was destroyed by the tornado. First, he employed about 20 local workers to undertake reconstruction work, and as the peach harvest period approached, he hired more people to pick the fruits.
MELBOURNE - Authorities issued new warnings and evacuation notices across southeast Australia on Thursday, as a return of hot weather fanned huge bushfires threatening several towns and communities.
贵阳如何治儿童智力低
MANILA -- The Philippines on Sunday hailed the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement, saying the conclusion of the mega trade deal among 15 Asia-Pacific countries is a "milestone" for the Association of Southeast Asian Nations (ASEAN) and will broaden the economic engagements of the Philippines.
MACAO -- Macao Special Administrative Region (SAR) government will spend 420 million patacas (about .61 million) to buy COVID-19 vaccines for all Macao residents, the SAR's health chief said on Tuesday.
MITVs, internet-connected televisions produced by Xiaomi Corp, are displayed at an international screen technology exhibition in Shanghai on July 11. [Photo by Lyu Liang/For China Daily]
Lore and Bharara started Diapers.com back in 2005 and it quickly became one of the top e-commerce companies in the U.S. They soon implemented the same model for other products like soap, cosmetics and toys.