The large amount of asset management products, including the nonstandard credit instruments, have contributed to the country's "shadow banking" sector, but they are still significant financing channels for small Chinese companies. The smaller borrowers often have difficulties in getting bank loans.
The latest WTO report anticipates growth in merchandise trade volume of 3.9 percent in 2018, with trade expansion slowing further to 3.7 percent in 2019. The new forecast for 2018 is below the WTO's April estimate of 4.4 percent but falls within the 3.1 percent to 5.5 percent growth range indicated at that time.
The joint venture will specialize in the general planning, design and development of metro stations and urban complexes, with Sunvision holding the majority 51 percent stake and AECOM holding the rest. The two companies are currently studying possible projects in Zhejiang, Shaanxi, Yunnan, Chongqing, Guangdong, Hunan and Macao.
The latest report from the Statistics and Census Service (DSEC) showed that a total of 2,454 organizations were operating in Macao in 2019, representing an increase of 209 year-on-year.
The latest BMW Charging Station Wallbox charges the BMW i3's battery from dry to 80 percent in just under four hours, according to the company. BMW also provides a 1,680-hour or two-year free charging service to car owners who don't have their own private charging facilities in Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou and Chengdu.
The latest official tone came from central bank's Deputy Governor Chen Yulu over the weekend. He reassured that monetary policy will remain "prudent" and "with proper intensity". The growth of broad money supply (M2) and aggregate social financing should align with nominal GDP growth, according to a statement on the central bank's website.
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The lab can facilitate the timely testing of samples in the border area and follow-up measures when necessary, said Lan Yiwen, head of the lab. Previously, all samples were sent to Nanning, capital of Guangxi, for testing.
The introduction of the tax called an end to the "pollutant discharge fee," which China had been collecting for nearly 40 years.
The latest data from World Bank shows that PM2.5 was responsible for economic losses of trillion worldwide in 2013. Moreover, 5.5 million people died of diseases related to air pollution indoors and outdoors in 2013, according to the World Health Organization.
The key to boosting urbanization is facilitating communities such as migrant workers with stable jobs in cities to settle down in urban areas and widening the coverage of public services, said Meng Wei, a spokesperson with the National Development and Reform Commission.