New loans for home purchases are expected to rise by around 2 trillion yuan (5.5 billion) a year in the near future, but the new loans that would be issued through the housing provident fund scheme, which is the major measure in China to reduce costs for buyers, would be only 1.1 trillion yuan a year, according to a recent report from the National Institute of Finance and Development, a government think tank.
Nicholas Rosellini, UN Resident Coordinator for China told Xinhua here late Saturday that China's investment in Africa's energy sector, especially through renewable energy will go a long way to support the continent to create jobs on a large scale.
Ngai said global expansion by mobile payment service providers such as Alipay will allow local customers to use their digital wallets overseas, and vice versa. Overseas expansion is a logical step as domestic customer growth will inevitably slow, he added.
New mechanisms are needed to resolve disputes related to outbound investments of Chinese companies, experts in M&A, or mergers and acquisitions, said.
Niu Xinchun, a researcher at the China Institute of Modern International Relations, said banning TikTok would have quite a negative effect on the US itself. "First, it would increase distrust and uncertainty in cooperation between China and the US. Second, it would also reduce the market's confidence in the US and damage its own interests."
Night view of the CCTV Tower (center), the headquarters of China Central Television, in Beijing, on May 18, 2016. [Photo/IC]
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Nine people have been trapped after their houses collapsed in a landslide in Yuanshan village in Huangmei county, Hubei province, early on Wednesday morning, according to local government.
Nick Read, CEO of Vodafone-the world's second-largest mobile operator-said, "Cutting the number of network suppliers from three to two would damage the industry and economic growth."
Nonetheless, there is reason to be hopeful. Two major Chinese-language film distributors in North America have fared much better in 2019 than last year.
Ni Rongbo, head of the Zhejiang Mental Health Promotion Association, noted that to win the battle against the novel coronavirus, people should win the battle mentally first.