The move is the latest in a broader reorganization of Wang's Dalian Wanda Group Co, one of China's once-acquisitive firms now under scrutiny by Chinese authorities.
The move is expected to free about 1.3 trillion yuan (6.99 billion) in total, and 900 billion yuan of that will be used to pay back the funds borrowed by commercial banks via the Medium-term Lending Facility (MLF), an open market operation tool to maintain liquidity using securities as collateral, said the People's Bank of China, the central bank.
The municipal government of Shanghai on Sept 6 conferred the Magnolia Silver Award to 50 foreigners in recognition of their outstanding contributions to the city's development.
The most active contract for July soybeans were down 11 cents weekly, or 1.21 percent, to 8.945 dollars per bushel. July corn delivery fell 4 cents, or 1.1 percent, to 3.5725 dollars per bushel. July wheat delivery was down 8.25 cents, or 1.65 percent, to 4.9125 dollars per bushel.
The move represents further commitment to the brick and mortar realm for the online shopping giant. Amazon opened its first physical bookstore at the University Village shopping center in Seattle late last year. It has also opened multiple local Prime Now?hubs that offer one-hour delivery on many different types of items.
The move comes amid what he called "provocation" from Brazil's right-wing government.
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The move to enable foreign merchants to sell on AliExpress, a business-to-customer site traditionally selling Chinese goods to buyers in 220 countries and regions, is part of Alibaba's broader globalization strategy, according to Dai Shan, president of Alibaba's wholesale marketplaces division.
The missing boys and coach entered the Tham Luang Nang Non cave in Chiang Rai province on Saturday afternoon. The cave complex extends several kilometers with narrow passageways and uneven ground and is known to flood severely in rainy season.
The municipal government plans to gradually relocate some of its functions to Tongzhou, a move designed to develop the district as a new subcenter of Beijing and address issues like overcrowding and congestion in downtown areas.
The most important responsibility of a ruling party is to ensure social justice and equity, and the CPC has established an example for other ruling parties, he said.