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Liu’s article was published in Qiushi Journal, a flagship m

Liu’s article was published in Qiushi Journal, a flagship m

magazine of the Communist Party of China Central Committee. He said more efforts a re needed to implement the proactive fiscal policy and boost efficiency this year. Preventing and defusing local governments' hidden debt risks is key to controlling major risks, he said. Innovative financial tools will be introduced for…
China has to walk a fine balance between local govern

China has to walk a fine balance between local govern

nment debt management and stable economic growth, especially at a time when trade te nsions with the United States have imposed more downward pressure, said economists. More financial resources and investors will be involved in the debt resolution process, said Qiao Baoyun, head of the Acad emy of Public Finance…
Pei was born in Guangzhou and raised in Hong Kong and

Pei was born in Guangzhou and raised in Hong Kong and

anghai, before moving to the US in 1935. He studied at the Massachusetts Institute of Technology and Harvard's design s chool, and spent the early years of his career designing buildings for a real estate developer in New York. Pei is known for his affection towards precise geometry and design…
Festival will mark 80th anniversary of popular cantata

Festival will mark 80th anniversary of popular cantata

The Central Conservatory of Music will hold a festival from May 23 to 27 to celebrate the 80th anniversary of The Yellow River Cantata. Written by composer Xian Xinghai (1905–1945) in Yan'an, Shaanxi pro vince, in early 1939, the piece was inspired by a patriotic poem by Guang Weiran, and the…
Foreign Ministry spokesman Geng Shuang urged the US gover

Foreign Ministry spokesman Geng Shuang urged the US gover

 government on Tuesday to consider the costs it would bear through raising tariffs. He reiterated that China will never capitulate under any external pressure and hopes the US meets China halfway. The US has no need to "worry about" China's affairs, Geng said at a daily news conference. The country…
ggested necessary reforms of the WTO be made so as to ove

ggested necessary reforms of the WTO be made so as to ove

China expressed concern over an unprecedented "existential crisis" confronting the World Trade Orga nization and has submitted a proposal on WTO reform, according to the Ministry of Commerce on Tuesday. The proposal was submitted by China's delegation to the General Council of the WTO in Geneva on Monday. According to…
He said those who are interested in doing business with

He said those who are interested in doing business with

Chinese partners in countries involved the Belt and Road Initiative should work together to create a n ecosystem of a "one-stop shop", providing diversified services to share in China's prosperity along the Belt and Road. President Xi Jinping asked countries to create conditions for other civilizations to develop while keep…
The move followed a State Council decision in April to es

The move followed a State Council decision in April to es

tablish a policy framework for applying a fairly low RRR for small and medium-sized banks in a bid to lower financing costs for MSEs. Home prices in 70 major Chinese cities continued to stabilize despite slight increases in April, official data showed Thursday. New home prices in four first-tier cities…