Tian Rui has spent almost 25 years helping villagers in Hunan province stay healthy by providing vital primary medical care.
Through 40 years of reform and opening up, China has lifted 700 million people out of poverty, more than the combined population of the United States, Russia, Japan, and Germany, accounting for over 70 percent of poverty reduction globally. The country aims to lift all citizens out of poverty by 2020.
Tighter regulation aims to mitigate financial risks, protect investors, safeguard growth
Till Oct 31, a total of six children have undergone surgeries and returned to Myanmar.
Tian Shuning, a student at the School of Life Sciences, said the noble character of Xi will serve as the guiding light as she becomes a teacher after graduation.
Ticket prices for traveling on the inter-city trains between Beijing and Tianjin will rise soon, local railway authorities said Tuesday.
徐州四维什么时候做好
Tibetan opera performances are another must-see at the Shoton Festival.
Though dismayed by the situation, Duan is happy to see a growing awareness among residents of the need to protect traditional architecture.
Ticket prices for some bullet trains traveling in China's southeastern coastal area will be adjusted from April 21, according to China Railway Corp.
Tighter scrutiny by financial regulators could lead to another shakeout in China's fiercely competitive peer-to-peer (P2P) lending sector and delay the issuing of formal business licenses by a year or two, experts said.The number of P2P firms, the fastest growing business in the internet finance sector, has decreased to nearly 1,800 by June from a peak of more than 5,000 in 2014, after a two-year rectification storm to curb illegal lending.A special working group organized by the country's banking regulator had set a deadline, from August 2016 to the end of June this year, to crack down on unconventional and risky internet finance companies, or especially the peer-to-peer online lending companies. During that period, no new online lenders got the green light for starting the business.When the investigation process ends, qualified participants are suppose to be placed on the regulator's supervision list after a thorough probe on cash flows, financing risks and compliance.The scrutiny will continue, possibly until 2020, said a recent statement released on the website of the People's Bank of China, the central bank.That means the potential risk is still considerable, and further regulatory tightening will be seen in the future, said Yang Dong, director of the Fintech and internet Security Research Center at Renmin University of China."We have not yet received any official notification about the end of the rectification campaign. Hence the registration work is likely to be postponed, given the current complex situation and long-term accumulated potential risks in the sector," Yuan Chenglong, CEO of Up Financial Co, an internet finance company, told China Daily.It needs more time, meaning a longer cooling down of the less-supervised but fast-expanding financial service, to find a balance between regulatory tightening and risk prevention, when defaults could emerge from mismatch of debt maturity structures, Yuan said.Several online lending platforms, with weak management capabilities, could be swept out, said Yuan, adding that such moves will dent investor confidence, trigger bulk withdrawals and increase bankruptcy risks for the platforms.Given the uneven development status of Chinese internet finance companies and the less-than-mature policy environment, more detailed regulations are on the way, to ensure high-quality financial services and crack down on potential risks, Li Wei, director of the central bank's science and technology department, said at a fintech forum hosted by the National Institution for Finance and Development on Friday.An earlier public speech from another central bank official Zhang Shaohua confirmed that unified registration standards for P2P online lending companies will start after further studies, without giving any specific timetable.Internet finance, as an emerging industry that is easy to fall into "barbarian growth", needs to strengthen self-discipline capacity or use external restrictive mechanisms to clarify the behavior and business boundaries, said Ben Shenglin, founding dean of the Zhejiang University Academy of internet Finance.