Lower interest rates reduce the cost of commercial loans and credit card debt. Real estate sales rise as mortgage rates fall and consumer spending increases, boosting the economy.
Lu said the deal was reached in a spirit of mutual respect and equal consultation, and both sides found it a proper arrangement. Such is also the case with China's cooperation with other countries in advancing the BRI, he said.
MOGADISHU -- The United States military said Thursday its forces conducted an airstrike near a terrorist encampment in central Somalia on Wednesday, killing 24 al-Shabab terrorists.
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MIAMI — A man accused of mailing 14 pipe bombs to prominent critics of US President Donald Trump was ordered held without bail on Monday, and authorities intercepted a similar suspicious package addressed to CNN in Atlanta.
Lyu Kun, chief representative of trade and commerce development for Qingdao, an economic powerhouse of a city in Shandong province, flew from her Silicon Valley office last week to Oregon City, Oregon, to attend the 8th Oregon-China business and trade seminar on March 12.
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MIIT data also showed China's mobile phone output shrank by 14.7 percent year-on-year in the first quarter.
Lu Fangzhou (center), deputy mayor of Pudong district, meets the four 2017 Magnolia Award winners in Pudong, Shanghai, on Sept 6, 2017. [Photo provided to chinadaily.com.cn]
Lu said China is an important expanding market for career development services, and the company will continue to localize its services and work with industry partners to seize the opportunities from this fast-growing market.
MANILA - Floodwaters and landslides triggered by a tropical depression that battered many areas in the Philippines over the weekend have left at least eight people dead, two injured and one missing, authorities said on Monday.