The New Development Bank announced on Thursday the construction of its headquarters in Shanghai's Pudong New Area has been completed.
The PBOC still has room to expand its balance sheet or cut the reserve requirement ratio, if necessary, to spur growth. But considering the inflation pressure and rising asset prices, financial leverage and capital outflows, the PBOC may be cautious about broadly easing the monetary policy. Open market operations and various lending facilities have become increasingly more important in the PBOC tool kit, said Shan.
The Modi'in sorting center, put into operation in April 2017, has a total acreage of 13,000 square meters and is about 10 kilometers away from the Tel Aviv Ben Gurion International Airport.
The PBOC said the renewal would help maintain financial stability, facilitate trade and investment, and promote the development of Hong Kong's offshore yuan market.
The PBOC could become more reluctant to deliver high-profile policy stimulus in coming months amid the consumer inflation and a risk of a wage-price spiral, unless inflationary pressure and expectation stabilize, said Lu Ting, chief China economist at Nomura Securities.
The MoU on further development of industrial cooperation was signed in Beijing by He Lifeng, chairman of the National Development and Reform Commission of China, and Airbus CEO Guillaume Faury, witnessed by Chinese President Xi Jinping and visiting French President Emmanuel Macron.
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The Palace Museum holds a press conference on Friday to announce that it will run a special exhibition starting Jan 6, 2019 to celebrate the 2019 Chinese New Year. [Photo/chinanews.com]
The New York Metropolitan Transportation Authority is ready to return to normal service and has installed no-touch payment scanners in half of all subway stations to prevent contact.
The NDRC said it approved 94 fixed asset investment projects in the first six months, mainly in the fields of energy, transportation and high-tech. The overall investment hit 471.5 billion yuan.
The Oregon Ducks team also hopes to have dinner with Oregon alumni who currently live in China.