Regional planning should be systematic, Zhang noted, and there should be stronger land, real estate and population controls.
Rescue workers were forced off the massive landslide in Xinmo village, Sichuan province, on Tuesday morning by secondary slides.
Renault has stuck by Ghosn since his arrest but faces pressure to find a successor as his detention drags on and questions mount about executive payment schemes used by the carmaker and related companies.
Ren Zeping, chief economist of Chinese property developer Evergrande, said efforts to deal with financial risks, though facing strong headwinds, need to be implemented steadfastly for at least the next three years, otherwise existing problems will trigger new risks affecting the healthy growth of the economy.
Rescue workers search for people trapped in the wreckage of the Xinjia Hotel in Quanzhou, Fujian province, on Monday. [Photo by Zhang Bin/China News Service]
Residents in Xinjiang Uygur autonomous region enjoy complete freedom in religious beliefs, a senior official said on Friday.
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Regulators require financial institutions to break implicit guarantees for principal and interest payments on wealth management products. To promote a transition of wealth management products toward net-asset-value products which will reflect risks on a timely basis, ABC Wealth Management launched four main categories of wealth management products on Thursday, ranging from cash management, fixed income and equity to mixed products.
Reporting a 54 percent jump in net income to 6.67 billion yuan (0 million) for the six months through June, the carmaker owned by billionaire Li Shufu said in a filing on Wednesday that sales this year will beat its target of 1.58 million units.
Research by former United States Treasury secretary and Harvard University president Lawrence Summers and University of California professor Bradford DeLong concluded that 35 percent of the benefit of additional physical capital investment is external to a company. This research used US data, so the external benefits to a developing country are even higher. The externalities of infrastructure building or of technical or scientific research are also large. In the process of further development and industrial upgrading, China's SOEs are a reasonable way to ensure that the country does not underinvest.
Renting is not a long-term solution. Most young workers in different cities want to have their own place and not live in a rented space for life.