Wang Jingwu, head of the financial stability bureau at the People's Bank of China, the central bank, told the Beijing-based newspaper Financial News that the PBC will actively explore the establishment of a market-oriented exit mechanism for financial institutions based on the rule of law, using the deposit insurance scheme as a platform.
WASHINGTON -- Former US Secretary of State John Kerry on Thursday endorsed former US Vice President Joe Biden's presidential bid.
Walking down Nathan Road, one of the main thoroughfares in central Kowloon, China Daily reporters saw many cleaners sweeping up broken glass and scrubbing graffiti from walls and windows on Monday morning. There were few tourists to be seen.
Wang Aoyun, 11, is a fifth-grade student at Taipingzhuang Central Primary School in Yanqing district, Beijing. She was born in the summer of 2008 and her name means Olympics in Chinese. Wang is a member of the Yanqing Youth Speed Skating Team. And she once won the women's junior group 400 meters in the Yanqing's "Mini Winter Olympics" youth speed skating competition.
Wang He, former vice-president of the People's Insurance Company of China, said finance firms tend to expect their clients to be controllable and whose value can be specifically defined, but the cultural industry is full of uncertainty. "We can only know the value of a film through its box-office data after its release.
WASHINGTON-Boeing and the US Federal Aviation Administration, or FAA, confirmed on Sunday that they are reviewing a wiring problem that could potentially cause a short circuit on the grounded 737 Max jets.
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Wang Hanfeng, an analyst with China International Capital Corporation, said that the pick-up signaled that China's economy has entered a new phase of development.
WASHINGTON -- The US Federal Reserve, in a surprise move, lowered the target range for the federal funds rate by 50 basis points on Tuesday, as the COVID-19 outbreak poses "evolving risks" to economic activity.
WASHINGTON -- Christine Lagarde, managing director of the International Monetary Fund (IMF), on Monday called on economies around the world to "de-escalate and resolve the current trade disputes", as global economic growth outlook has dimmed.
WINDHOEK -- The Namibia Chamber of Commerce and Industry (NCCI) signed a Memorandum of Understanding (MoU) with the China Council for the Promotion of International Trade (CCPIT) on Tuesday which will result in the further development of trade and investment relations.