By Yu Ning in Global Times, July 16, 2017 at 23:18:39 The two-day National Financial Work Conference (NFWC) concluded on Saturday in Beijing. The meeting, which is staged every five years and started in 1997 in the wake of the Asian financial crisis, lays stress on financial stability and security. With the aim of reining in financial risks and strengthening financial regulation and coordination, a Financial Stability Development Committee was announced. Addressing the gathering, Chinese…
Posts published in “Day: July 17, 2017”
By Lingling Wei in The Wall St Journal, July 17, 2017 BEIJING – China touted its buoyant economic expansion this year as evidence it can reduce debt without harming growth. But the outlook appears hazier when considering the property market’s outsize role in the economy, jittery consumers and signs that significant deleveraging hasn’t fully set in. Beijing said domestic demand fueled 6.9% growth in the second quarter, a result that matched last quarter’s growth rate…
Report in Global Times, July 16, 2017 at 21:43:39 The government of Changsha, Central China’s Hunan Province, has announced it will give a one-off signing bonus of 20,000 yuan ($2,952) to each college graduate who serves a stint in the military in either Northwest China’s Xinjiang Uyghur Autonomous Region or Southwest China’s Tibet Autonomous Region. Previously, the bonus was 10,000 yuan in Changsha. The new standard will take effect on August 1 and will be…