In a financial crisis, the central bank can inject liquidity and stabilize the financial system through flexible adjustments such as money supply, a function that privately-issued money, such as Facebook's Libra, may find it hard to implement, he said.
In a flash, the days of inserting coins have been consigned to history.
In Zhejiang's Grand Buddha Temple scenic spot, a 4A level tourist destination, for example, the ticket price will be cut down from 100 yuan (.10) to 80 yuan, starting on Sept 30, a day before National Day.
In a response to the action, Huawei said in a statement that the Australian government's issuance of 5G security guidance out of political considerations ignored the interests of its people. It also said Australian companies and consumers have to bear slow and expensive network connections caused by the government's wrong decision.
In a recent instruction for achieving the goals in the tourism sector, President Xi Jinping called the construction of clean toilets an important part of urban and rural civilization, and said more effort should be made in cities and rural areas to upgrade them.
In a statement, Israeli Prime Minister Benjamin Netanyahu said that the decision was made following joint consultations, while expressing his support to the move.
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In a new report, released by the Institute of European Studies at the CEU San Pablo University, the experts recommended improving economic ties between Spain and China by raising awareness and supporting the initiative.
In a tumultuous year for Microsoft, the stock performed well, jumping more than 40 percent. That included a healthy uptick after Steve Ballmer announced his retirement in August. ?In 2012, the stock gained just 2.9 percent.
In a race to the finish line, the world's biggest carmakers are forging unlikely alliances to become the first to offer safe and reliable autonomous cars.
In a report released last month, the Chinese Chamber of Commerce in the EU expressed concern over the tighter screening of foreign direct investment in the EU, and on discriminative treatment that some Chinese companies have received in the fields of technology and energy.