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.
Cometochengdu.com, the Chengdu government’s first English-language website to promote tourism, provides information on attractions and services in the city and nearby. Huang Yibing / for China Daily After a yearlong trial, the official English-language website for visitors to Chengdu — Cometochengdu.com — was officially launched on Oct. 15 in the United States’ Silicon Valley. The website, created by Chengdu Tourism Bureau and Chengdu Culture and Tourism Group, has an international vision and is aimed at catering to overseas tourists’ browsing habits and requirements. It provides information on attractions and services in Chengdu and surrounding areas. It is the Chengdu government’s first English-language website to promote tourism, marking major progress in the city’s online promotion of tourism overseas.
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”.