China’s forex reserves continue to grow in March

China’s forex reserves continue to grow in March

China’s foreign exchange reserves rose to $3.0988 trillion by the end of March, official data showed Sunday.

The amount increased by $8.6 billion, or 0.3 percent from the end of February, according to the State Administration of Foreign Exchange.

China’s peer-to-peer (P2P) lending industry will continue to shrink and cons

olidate due to tighter regulation and weak investor sentiment, Fitch Ratings said in a report.

The number of P2P investors and platforms declined steeply last year after regulators tightened supervision, and Fitch exp

ect more platforms to close or consolidate this year as reforms continue to take effect, leading to a smaller, less fragmented market.

Stronger regulation of P2P companies will be positive over the lo

nger term for a sector that has yet to be tested through economic cycles, the report said.

New regulations will also require many platforms to reduce their

reliance on retail investors, leading to a shift toward wholesale or institutional funding sources.

Lenders with more robust business models, established risk-management capabil

ities and more stable access to funding are likely to gain market share, according to Fitch.

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Europe alone is not what makes London the number one cen

Europe alone is not what makes London the number one cen

ter for foreign exchange, for example. We clear more dollars than New York, and are the largest center for RMB trading outside greate

r China. London is strong and international,” she said. “The long-term fundamentals of London and the UK still remain strong.”

Alex De Ruyter, director of the Centre for Brexit Studies at Birmingham City University, echoed the

view of McGuinness, saying: “Whilst I think Brexit has clearly had a significant impact, it must be remembered that Lon

don is a global financial center and the majority of assets held by the financial services sector are outside of th

e EU, with the US, China, and other emerging economies particularly important markets.

“The 800 billion pounds figure only comprises about 10 percent of the estim

ated total assets of the UK banking sector,” he said. “So, the total volume of business affected has been relatively small.”

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Future of Sino-US ties lies in cooperationhina and the Uni

Future of Sino-US ties lies in cooperationhina and the Uni

More than 40 years ago China and the United States engaged in “ping pong diplomacy”, ea

sing the tensions between the two countries ever since the founding of New China in 1949.

With the People’s Republic of China retaining its rightful seat in the Un

ited Nations Security Council in 1971 and its international status continuously imp

roving, it had become apparent that the US policy to contain New China would be fruitless.

The US, on the other hand, was mired in the Vietnam War, which was sapping its national po

wer. So the US administration realized it should establish friendly relations with China in order to end the w

ar. Against this background, on Jan 1, 1979, the two countries formally established diplomatic relations.

But even before it established diplomatic relations with the US, China launched reform and opening-up in late 1978. As the leade

r of the Western world, the US played the dominant role in the global economy, as well as the technology, invest

ment, finance and other fields, with which China had to integrate to ensure its economic development.

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After 10 years of fastidious work, Zhang Weiren, a fruit

After 10 years of fastidious work, Zhang Weiren, a fruit

grower in Laixi of Qingdao, East China’s Shandong province, has been able to grow peach trees into the shapes of tab

les and chairs. The price of one of his peach branch chairs has now reached more than 20,000 yuan ($2,987).

In a farm in Jimo district of Qingdao, Zhang, 65, says that he plans to grow the tables and chairs at a ratio of four to one: four chairs to each table.

Zhang said that he started planting peach trees 15 years ago. He used to be a carpen

ter and often made wooden furniture, so, when planting peach trees, he liked to collect the roots of va

rious materials and use them for making ornaments, tables, chairs, figures, flowers, birds, and other root carvings.

As the raw materials became scarce however, Zhang had another idea, asking, “Can I p

lant tables and chairs myself?” Although his family were initially skeptical, Zhang persisted.

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According to a survey by the Ministry of Water Resources in

According to a survey by the Ministry of Water Resources in

there were 6,092 major sewage outlets along the Yangtze.

The Ecology and Environment Ministry also noted some improvements in w

ater quality nationwide. As of the end of last year, 95 percent of 1,062 black, odorous water

bodies in 36 major cities across China have been removed or cleaned up, the statement said on Feb 28.

The volume of good quality water nationwide has reached 71 perce

nt, a year-on-year increase of 3.1 percentage points, the statement said.

Zhang also highlighted other challenges to be faced. He said that many drinking water source

s in rural areas are still under weak management, and many rivers and lakes are in need of aquatic vegetation.

“We believe that by 2020 a repeatable and constructive tech

nology and work model will be developed as a reference for future work,” he said.

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More outcomes expected from trade talksVice-Premier Liu

More outcomes expected from trade talksVice-Premier Liu

He will hold a new round of high-level China-US economic and trade consultations with United States Trade Re

presentative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Beijing from Thursday to Friday.

Analysts said the two sides are likely to propose weightier measures to address economic and trade differences and to broaden overall cooperation.

According to the Ministry of Commerce, based on recent talks in Washington, China and the US will eng

age in further discussions on issues of common concern. The US delegation arrives in Beijing on Monday.

China and the US have been embroiled in trade frictions for several months. The two sides are now in the midst of a 90-day tariff truce, which began on Dec 1, wh

en President Xi Jinping and his US counterpart, Donald Trump, met on the sidelines of the G20 summit in Buenos Aires.

Wei Jianguo, vice-chairman of the China Center for International Economic Ex

changes, said China-US trade consultations have made “a big stride forward”.

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Family couple tax 2.1 billion, monthly wages 280 million

Family couple tax 2.1 billion, monthly wages 280 million

  Recent family scared a net friend, Kevin couple trenches, straight to out.

  The couple are said to be worth up to 32.8 billion, every month light will use up 280 million yua

n to pay, if say that you also have no concept in their trenches, it can only move out of their last year tax —

  Their company is in 2018, qingpu, Shanghai enterprises of tax, the tax payable is as high as 2.1 billion yuan.

  When it comes to this, you might ask what family and Kevin is doing business, impression they actor, isn’t it?

  Yes, family and Kevin are both actors, and have representative work, family and star

ring Xu Zheng love through time is a lot of people come into contact with the first time-travel drama

s.And Kevin was “Taiwan’s first niche”, “a sad dream” in the both ChuLian of make trouble is he.

  Kevin retired from the entertainment circle has become an entrepreneur, do real estate as before 33 billion, coope

ration with wife now is get rich, what are they doing business?The word “wechat business” are summarized.

  Their brand of main selling skin care products, facial mask and so on, there is food and drink, see K

evin very hard, his weibo name with the brand, the couple often attend the activity and the staff c

ordial, also look for star advertising platform, such as Lin hong tao and shares in the company.

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