So far China has not experienced a major financial crisis, despite the many risks and inefficiencies in its financial markets.
The regulation was issued in March 2016 and was intended to eliminate subprime borrowers and speculators and therefore contain the property buying frenzy. But the bubble persists.
Chief Executive CY Leung gave these remarks at the Opening Session of the Asian Financial Forum 2016 in Hong Kong.
President Xi Jinping addresses the opening of the Second World Internet Conference in Wuzhen, Zhejiang province. wu yizhi / china daily The Wi-Fi icon appeared almost everywhere — in bars, on buses and buildings — in Wuzhen in Zhejiang province during Dec. 16 and 18. Nearly all the town’s 59,000 inhabitants can connect to the Internet simultaneously through 4G networks. It was in this Internet empowered environment that President Xi Jinping laid out his vision for the Internet on Dec.
Premier Li Keqiang and his wife Cheng Hong greet the public in front of a store selling specialized products during the couple’s visit to Malacca on Sunday. [Photo/Xinhua]Premier Li Keqiang urged countries outside the region on Sunday to avoid taking action that may cause tension in the South China Sea. These countries should respect and support the efforts by nations in the region to uphold peace and stability in this waterway, Li said. Raising a five-point proposal on the South China Sea at the 10th East Asia Summit in Kuala Lumpur, he called for outside powers to “play a positive and constructive role and refrain from taking action that may cause tension in the region”.
Leaders of the Group of 20 major economies observe a minute of silence in memory of victims of the Paris attacks before a working session at the G20 summit in Antalya, Turkey. Kayhan Ozer / Reuters President proposes models based on reform, innovation President Xi Jinping has pledged to seek collective efforts to give new impetus to the global economy and deliver a fruitful G20 summit next year in Hangzhou, Zhejiang province, by working with the member states in an open, transparent and inclusive manner.
A girl poses at a sculpture featuring a yellow man ripping his chest open at The Art of the Brick exhibition in Rome. Jin Yu / Xinhua Some 80 sculptures, over 600,000 tiny plastic bricks, and recreations of some of the world’s most iconic masterpieces. The Art of the Brick exhibit of American Nathan Sawaya opened in Rome on Oct 28, giving Italians a taste of how artistic inspiration can mingle with playfulness, and pour out through a most “surprising” material. “The exhibition captures people’s curiosity and imagination, and is being shown for the first time in Italy. So far, Rome’s audience has surely met our expectations,” Italian curator Fabio La Gioia told Xinhua
President Xi Jinping and Vietnamese Communist Party General Secretary Nguyen Phu Trong review an honor guard during a welcoming ceremony at the presidential palace in Hanoi on Thursday.[HOANG DINH NAM/AFP]Xi: Consensus on maritime issues in best interests Beijing and Hanoi called for effectively managing maritime disputes on Thursday during President Xi Jinping’s first visit to Vietnam to repair ties strained over territorial disputes in the South China Sea. Xi appealed, in an article published on Thursday in the local official newspaper Nhan Dan, to seek a “basic, permanent approach that is acceptable to both sides” in regard to the maritime disputes