More online peer-to-peer lending companies will close after China's financial regulators imposed strict rules on the industry, to accelerate risk exposure and continually deleverage the financial sector, according to senior officials from the China Banking and Insurance Regulatory Commission (CBIRC).
State-owned China Harbor Engineering Co, a unit of China Communications Construction Co, will start to build the Bogota Metro Line 1 project - the largest single project in Colombia - in April 2020, with its domestic and Canadian partners, said its top executive on Monday.
Only through an open, cooperative consensus among all partners based on equality, mutual benefit and inclusiveness can the world successfully address new challenges occurring from rapid technological change, an industry leader said during the Belt and Road Forum for International Cooperation on Cyberspace.
Mention Taobao and people naturally think of buying clothes, cosmetics and consumer electronics via the e-commerce site. But it is fast becoming a gateway to a wealth of produce from the country's farmlands that was previously unattainable to urban dwellers.
Traditionally, when girls in villages of Heze city, Shandong province, got married, their parents would buy gold and silver jewelry for their dowries. Now, gold and silver have been replaced by Taobao online stores.
For Yu Jiwan, Party secretary of the Cangtian village in Cixi, Zhejiang province, the booming Taobao businesses in the village have introduced positive changes, providing a seamless connection between the production, marketing and sales of the sanitary ware produced in the village.
As New China continues to celebrate the 70th anniversary of its founding, the renminbi is having its own moment under the sun, savoring the first decade of its internationalization.
As a financial journalist whose beat includes the monetary system and the central bank, I find the phrase "RMB internationalization" encouraging and confusing at the same time.
China, traditionally home to manufacturers, infrastructure project contractors and service providers, is not usually a place where people expect to find fashion elements with international appeal, much less a room for appreciative fans.
Liberalization of cross-border investments is a tough task but inevitable in order to facilitate international usage of the renminbi. Fortunately, financial opening-up measures confirm the country's determination to go through the process, no matter what, experts said.
HANGZHOU - He Xuping, in her 60s, is a skilled user of smartphone equipped with over 50 apps, ranging from social networking, video sharing, online shopping, travel, mobile payment to financial management.
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