Skip to content
car sales and expand the supply of automobiles as part of its latest efforts to boost auto consum
ption, Gao Feng, the spokesperson for the Ministry of Commerce, said at a press conference early this month.
By the end of 2018, China’s six cities namely Beijing, Shanghai, Shenzhen, Guangzhou, Hangzhou and Tianijin carried
out the purchase restriction of fuel-powered passenger cars, said Shao Jiang, an analyst at Everbright Securities. “If thes
e cities double their rising number of new cars, it could bring a 2.8 percent year-on-year growth for the wh
ole passenger car market.”Editor’s Note: The eight explosions in Sri Lanka on Easter Sunday have claimed more tha
n 300 lives and left over 500 people injured. A ninth explosion was reported on Monday near a church in Colombo, but n
one was reported killed or injured. The Islamic State reportedly claimed responsibility for the bombings on Tue
sday. Two experts share their views on the attacks with China Daily’s Liu Jianna. Excerpts follow
reforms to foster an investor-friendly legal system, represented by strengthened information disclosure, prot
ection of investors’ rights and interests, and crackdown on legal breaches, Liu said.
China must promote the healthy development of the capital m
arket through key institutional innovations, the Political Bureau of the Communist Part
y of China Central Committee, the Party’s core leadership, said a statement released after a meeting on Friday.
Dong said the revised law is likely to be adopted by the end of the first half of the ye
ar, adding it is imperative and possible to expedite rolling out the revised version.
“Previously, controversies over the registration-based IPO system reform ha
ve prolonged the revision process, but now this factor has been largely lifted,” he said.
“As foreign investors are set to play a bigger role in China’s capital
market development, the revised law should also consider clarifying the rights and oblig
ations of overseas investors, to help them form a stable policy expectation,” said Xue Yi, an associate p
cus”, keeping it prudent while the liquidity should be at a reasonably adequate level, it said.
Financial policies are required to further support small and private companies, and fun
ding through the capital market is supported by the authorities, according to the statement.
The central bank had skipped open market operations for 15 conse
cutive working days until Monday. “Reasonable and adequate liquidity in the banking syste
m” was the main reason for the absence of open market operations, according to a statement from the central bank.
To cut or not to cut the RRR, a strong tool for liquidity adjustm
ent, has become a hot topic since April, not only for investors, but also for policy advisers.
Divergent opinions are spreading among a broader group of market observer
s. The market is trying to get more indications from the monetary authority, although the C
hinese central bank barely sends any hints on possible monetary policy operations before taking action.
officers involved this morning who responded swiftly to this incident and put thems
elves in harm’s way, as they do every day, to keep the people of London safe,” Walker said.
The police said the incident was not related with terrorism.
According to media Sky News, police opened fire on a vehicle outside the Ukrainian emb
assy after the driver deliberately rammed into the official car of the country’s ambassador to Britain.
“The ambassador, Natalia Galibarenko, was not at the embassy at the time and no other staff were injured,” said the report of Sky News.
The 16th Chinese Bridge, an annual Chinese proficiency contest for school kids, college
students and adult learners of Chinese, was held at the University of Latvia Friday and Saturday.
This year’s competition, themed One World, One Family, gathered 64 contestants
in total in Latvia, including 14 in the adult group, 24 in the high school group and 24 in the primary school group.
The contestants were required to demonstrate their Chinese language skills by introducing themselves and m
aking speeches on various topics in Chinese, participate in a quiz on Chinese culture and perform in a talent show.
Each division, namely college students, high school students and
primary school students, has three groups of senior, intermediate and junior.
The Xiongan New Area in north China have completed an afforestation project of more tha
n 1,400 hectares with several green belts built this spring, the Hebei provincial forestry and grassland bureau said Sunday.
By the end of March 29, Xiongan had planted trees covering an area of 1,466.7 hectares.
In 2018, Xiongan New Area afforested a total of 7,333 hectares, increasing the area’ forest coverage by 6 percent.
In January, China’s central authorities approved the 2018-2035 master plan for Xiongan. According to the plan, which str
esses high-quality development, Xiongan will become a modern city that is green, intell
igent and livable with “relatively strong competitiveness and human-environment harmony by 2035.”
Hebei will beef up afforestation programs. A total of 513,333 hec
tares of forest will be added in the province in 2019, increasing the forest coverage to 35 percent.
The province began a three-year afforestation campaign in 2018, planting more trees to build a “green wall” for Beijing.