Mason

PBOC interest rate refo上海419 small businesses

Borrowing costs will get lower for companies in China starting Tuesday through a

key interest rate reform brought out by the People’s Bank of China, the central bank, to maintain ec上海419

onomic momentum amid the continuing trade friction with the United States.

上海419女神会所Analysts say the interest rate reform will lower financing costs for small a

nd private companies and encourage investment in the manufacturing sector.

The PBOC unveiled the policy over the weekend, saying it would introduce a new reference rate, the loan prime rate-the pr上海419

ice of loans banks offer their best clients-for setting the prices of business and household loans. The earlier re

上海419ference rate, the one-year benchmark lending rate, will be replaced in the future.

The announcement is seen as China’s most significant market-based interest rate reform for over a decade, experts said.上海419女神会所

The PBOC said in a statement that, starting Tuesday, 18 qualified commer

cial banks, including State-owned banks, city and rural commercial banks and foreign banks, will report their lend

上海419ing reference rate every month. Analysts expect the first loan prime rate will be much lower than the current 4.35 per

cent one-year benchmark lending rate, which has been unchanged since August 2015.

The statement said commercial banks will be allo上海419

wed to float the lending rates up by certain percentage points above the medium-ter

上海419女神会所m lending facility rate of the central bank. The medium-term lending rate is the cost that commercial banks sho

uld pay for borrowing from the central bank, and it was set at 3.3 percent on Thursday.

Sheng Songcheng, a central bank adviser and former head of the PBOC’s

statistics department, said the reform will help keep lending rates lower.

Moreover, the changes will enable the PBOC to effectively influence Chin上海419女神会所

a’s entire interest rate system by selling or buying financial instruments on the open

market, much like how Western central banks implement monetary policy, Sheng said.

ash555.cn

IMF report proves 上海419t manipulating currency

The latest report by International Monetary Fund (IMF) conclude

上海419d that the exchange rate of the Chinese yuan was “broadly in line with medium-term f

undamentals”, and the Chinese monetary authority barely intervened in the foreign exchange market.上海419

The report, released late Friday in Washington, was a blow to the lab

eling of China as “a currency manipulator” by the US administration, experts said.

The value of the Chinese currency and the country’s external position i

上海419品茶微信n 2018 were “broadly in line with the level consistent with medium-term fun

damentals and desirable policies,” the report said, citing that China’s current account surplus fell by around 1 pe

rcentage point to 0.4 percent of GDP in 2018 and is projected to remain contained at 0.5 percent of GDP in 2019.

Estimates showed that the People’s Bank of China, the country’s central ban上海419

k, has had “little FX intervention”, said the report, which is based on IMF’s latest Ar

ticle IV consultation with China, a review of the Chinese economy that concluded on July 31.

上海419品茶微信The IMF’s conclusion came in just four days after the US Treasury officially la

beled China as a “currency manipulator” on Monday. The Chinese yuan

weakened to beyond 7 per dollar for the first time in more than a decade earlier this week.上海419

“The IMF conclusion is objective and reflected that the renminbi was assessed to be broadly

in line with medium-term fundamentals. The result kept pace with what it said in July,” said Zhang Xiaohui, a s

上海419品茶微信enior researcher of the China Finance 40 Forum (CF40), and former assistant governor of the PBOC.

What the IMF concluded is a just decision, reflecting that the US labeling simply doesn’t hold water, according to Yu Yo

ngding, a senior economist at the Chinese Academy of Social Sciences and a consultant of CF40.

www.7893391.cn

urged to comply with上海419WTO rulingganization he

Washington’s countervailing measures on Chinese imports violate body’s laws

The United States has challenged the authority of the World Trade Organization by ignoring a上海419

WTO ruling, and such a move may escalate trade tension with China, experts said on Wednesday.

上海419品茶微信The WTO announced on Tuesday that the revised countervailing measures imposed by t

he US on imports of certain products from China were inconsistent with WTO laws.

However, the US failed to comply with the WTO ruling and上海419

accused China of “using State-owned enterprises to subsidize its economy”.

上海419The WTO mechanism is what members use to settle trade disputes, and countries in most cases abide by the rulings made by th

e organization, said Xue Rongjiu, deputy director of the China Society for WTO Studies.上海419品茶微信

“If member economies don’t follow this procedure, the rule-based global multilateral system

will be damaged and threatened by protectionism,” Xue said, adding that under such circumstances, some

上海419members may be forced to also use trade as a geopolitical weapon to ensure their interests.

Upholding the findings of a WTO dispute panel made public in March 2018, a WTO appellate body ruled that the US acted inc

onsistently with its provisions of subsidies and countervailing measures agreement.上海419品茶微信

The Ministry of Commerce urged the US to take immediate and concrete

action to “correct the wrong practices” in the anti-subsidy investigation against China and to c

上海419reate a fair and stable international trading environment for companies from both countries.

“Although both the panel of experts and the appellate body in this case

have ruled that the US countervailing measures violate WTO rules and asked the US to c上海419品茶微信

orrect its action, the US didn’t comply with the WTO ruling and continued to adopt tra上海419

de remedy measures against Chinese products in recent years,” the ministry said in a statement on Tuesday.

www.yuyingleyou.com.cn

The Russian presiden上海419品茶微信as no interest

t in changing 上海419品茶微信attitude toward Russia, and therefore Mos

上海419cow will not compromise on its fundamental national interests in the face of sanctions.

“There is no talk about a truce,” he said. “If we totally surrender and sp

it on our fundamental national interests, will there be any fundamental changes? M

aybe, there will be some external signals. But nothing will change dramatically.”上海419品茶微信

Putin added that Russia’s losses from economic sanctions were m

ore than five times lower than those of the main countries that imposed them.

上海419″According to expert data, as a result of these restrictions, Russia lost about 50 billion US dollars since 2014, while the European Unio

n lost 240 billion dollars, the United States, 17 billion dollars, and Japan 27 billion dollars,” Putin said.

He said the losses were reflected in a reduction in the number of jo上海419品茶微信

bs in the countries that imposed sanctions as a result of losing the Russian market.

istribution of local customs to strengthen comprehensive research and judgment and effectively block illegal activities.

上海419品茶微信The move will target the six different transport channels, including sea, air, land, railway, expre

ss and mail, and consider the different characteristics of the flow of infringing goods under diff

erent forms of trade, such as general, market procurement, and cross-border trade and e-commerce, the report said.

At the same time, the customs will strengthen the effective supervision over infringing goods exported to countries and region上海419品茶微信

s such as North America, Europe and Japan. It will focus on goods related to public health and safety, such as

consumer electronics, auto accessories, personal care products, clothing, bags and footwear.

It will intensify supervision over goods exported to South America, A上海419品茶微信

frica and the countries and regions involved in the Belt and Road Initiative. And it will bol

ster key monitoring on the illegal transshipment of infringing goods through Hong Kong and Macao.

suiyincoin.cn

hina, Germany voice上海419eralismresident Xi Jinp

OSAKA, Japan上海419女神会所- Chinese President Xi Jinping met with German Chancellor Angela Me

rkel here Friday, with both sides calling for upholding multilateralism.

During a meeting on the sidelines of a summit of the Group of 20 major economies i

n the Japanese city of Osaka, the two leanping shakes hands with German Chancellor Angela

While the direction of denuclearizing the peninsula shou上海419品茶微信ld be upheld, Xi said, the DPRK’s legitimate concerns should be addressed as well.

Xi made a state visit to the DPRK last week. During the visit, he and DPRK top leader K

imn上海419-Jong-un agreed to push for the political settlement of the nuclear issue on the Korean Peninsula to promote regional stability.

Merkel on the sidelines of the G20 summit

in Osaka, Japan, June 28, 2019.ders also agreed to discuss cooperatio上海419品茶微信n within the framework of the Belt and Road Initiative and

strive for 上海419 conclusion of the negotiations on the China-European Union bilateral investment treaty next year.

eijing supports Washington and Pyongyang in holding another leaders’ summit上海419品茶微信or progress on the poli

tical settlement of the nuclear issue on the Korean Peninsula, President Xi Jinping said on Thursday. 上海419

Xi made the remark while meeting with Republic of Korea President Moon Jae-in in Osaka, Japan.

The Chinese president said the United States and the Democratic People’s Re

public 上海419 of Korea both need to be flexible in order to make headway in their dialogue.

S President Donald Trump and the DPRK’s top leader Kim Jong-un walk together during their summit in Singapore, JuneRecalling the visit, Xi said the overriding

y address the legitimate concerns of respecti上海419品茶微信arties by following a phased approach with synchronized steps, Xi said.

He urged the ROK to work with China to step up efforts to push for negotiations between the DPRK and the US.

Moon highly commended Xi’s visit to the DPRK, saying the visit has made significant contributions to bu

ilding the momentum of dialogue on the peninsula issue, as well as promoting peace and stability on the peninsula.

Seoul remains committed to improving relations with Pyongyang and stands ready to strengthen cooperation with Beijing on the issue, Moon said.

www.gzbbccc.com

Xi’s G20 trip to furth上海419品茶微信omyping meets

Sino-US leaders’ 上海419品茶微信meeting on the sidelines of gathering in Japan expected to ease tensions

President Xi Jinping’s upcoming trip to Japan for the G20 Summit will reinforce international consensus on upholding multila

teralism and an open economy amid rising protectionism that looms large over the global economy, observers said.

They said Xi’s upcoming meeting with United States President Donald Trump on the

sidelines of the summit could also de-escalate bilateral trade tensions between the world’s two largest economies.

Xi will be in Japan from Thursday to Saturday to attend the 14th G20 Summit in Osaka at the in

vitation of Japanese Prime Minister Shinzo Abe, Foreign Ministry spokesman Lu Kang said on Sunday.

www.whcoding.cn

Tencent Holdings Chairma上海419女神会所n and CEO Ma Huateng

crash involving 上海419女神会所a bus carrying a junior ice hockey team has killed at least 14 people and critically injured three others in Saskatchewan, Canada.

The Humboldt Broncos team, which has members aged between 16 and 21,

were en route to a play-off game when their bus collided with a lorry on a rural road.

The identities of the dead have not yet been released by officials.

Tributes have been paid across Canada, including by Prime Minist

er Justin Trudeau, who tweeted his condolences.
The lorry and bus collided on Friday at a

round 17:00 local time (23:00 GMT) on Highway 35, north of Tisdale in the province of Saskatchewan.

The Royal Canadian Mounted Police said 28 people incl

uding the driver were on the bus at the time, and that fourteen people were killed.

Fourteen people who were aboard the bus have been taken to hospital. Three are in critical condition.

www.guapogang.cn

Xi to pay state visit to上海419品茶微信ng, general secret

President Xi Ji上海419品茶微信nping will pay a state visit to the Democrat

ic People’s Republic of Korea from Thursday to Friday, Hu Zhaoming, spok

esman of the International Department of the Communist Party of China Central Committee said on Monday.

Xi, also general secretary of the CPC Central Committee, was invited by Kim Jong-un, chairman

of the Workers’ Party of Korea and chairman of the State Affairs Commission of the DPRK, Hu sai

d.Xi Jinping, general secretary of the Central Committee of the Communist Party of China and Chinese president, holds a welcoming ceremony for Kim Jon

g-un, chairman of the Workers’ Party of Korea and chairman of the State Affairs Commission of the Democratic Peo

ple’s Republic of Korea, before their talks at the Great Hall of the People in Beijing, capital of China, Jan The long-awa

ited Shanghai-London Stock Connect was finally launched in London early on Monday, offering more opportunities for Briti

sh and Chinese financial institutions to buy into each others’ economic development.

www.sh419de.com

Xi to visit Kyrgyzstan, Tajikistan, attend A summits

President Xi Jinping will pay state visits to Kyrgyzstan and Tajikistan f

rom June 12 to 16, a foreign ministry spokesperson announced Sunday.

From June 12 to 14, Xi will pay a state visit to Kyrgyzstan and attend th

e 19th meeting of the Council of Heads of State of the Shanghai Cooperation Or

ganization (SCO) to be held in the capital city of Bishkek, Spokesperson Lu Kang said in a statement.

From June 14 to 16, Xi will attend the fifth summit of the Conference

on Interaction and Confidence Building Measures in Asia (CICA) in Dushanbe, t

he capital city of Tajikistan, and pay a state visit to the country, Lu added.

Xi is paying the visits at the invitation of Kyrgyz President Soo

ronbay Jeenbekov and Tajik President Emomali Rahmon, according to Lu.

www.gzbbccc.com

A national registry dedicated to clinical trials involvi

ng cell technologies should be established to promote greater transparency, they said, so that before a trial begins scient

ists would need to pass an ethics review and provide a list of names of all participating scientists and institutions.

Universities and research institutes should strengthen education a

nd training in bioethics and scientific and medical professionalism, covering research sci

entists and students of science, medicine and the humanities at all levels, they said.

In addition, more efforts should be undertaken to eliminate prejudice agains

t people with disabilities, which exists in the minds of some scholars, they said. Following the gene-edited baby inci

dent, government departments have vowed to improve supervision, and new regulations are being made or revised.

xxxkq.cn