China took further steps to deregulate its capital markets on Thursday after the China Securities Regulatory Commission decided to combine two inbound investment schemes and broaden their investment scope to include derivatives, bond repurchases and private funds.
The nation did not see a steep fall in investing for nonstandard credit assets, which account for about 15 percent of wealth management products offered by commercial banks, according to a report by Securities Times on Thursday, citing an official at the People's Bank of China, the central bank.
It was reported on Wednesday that the European Union is considering proposals that would effectively amount to a de facto ban on Huawei's equipment for next-generation mobile networks based on concerns that it might compromise national security. This is just the latest move in a concerted series of attacks on the Chinese telecom giant by the United States and its allies.
THE MINISTRY OF HUMAN RESOURCES AND SOCIAL SECURITY recently included e-sports competitor and e-sports operator among 15 occupations it newly recognizes. Beijing News comments:
Editor's note: WeChat, a social media operated by Tencent that has more than 1 billion users worldwide, blocks the sharing of some functions, links and apps of some other IT companies, including Baidu, the most popular search engine in the Chinese language, on its platform. Changjiang Daily comments:
AS SPRING FESTIVAL, or Chinese Lunar New Year, approaches, people who work far away from home are making their way back to their hometowns. Beijing News comments:
In a move that interferes in China's internal affairs, US lawmakers from the Congressional-Executive Commission on China nominated Ilham Tohti, a jailed Uygur teacher, for the Nobel Peace Prize on Tuesday.
Editor's Note: Chinese people are expected to make about 400 million trips during the upcoming Spring Festival holiday, including 7 million trips abroad, compared with 386 million and 6.15 million trips, respectively, during last year's holiday. This is a new trend, as in the past Chinese people preferred staying home for family reunion during Spring Festival. Two experts share their views on the issue with China Daily's Yao Yuxin. Excerpts follow:
China's GDP grew 6.6 percent in 2018, according to National Bureau of Statistics data. Despite the slight slowdown in the GDP growth rate, however, exports grew at a relatively high 9.9 percent year-on-year calculated in US dollars. And, not surprisingly, China's trade surplus with the United States expanded further.
The indictment of Chinese telecommunications giant Huawei Technologies on 13 charges by the US Justice Department on Jan 28 is nothing but the latest US premeditated move to foil China's rise in the field of high-tech.
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