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s out of ou上海品茶微信女神会所r expectations, and it was maintained because of countercyclical policies,” said Zhang Xiaojing, a senior economist with the CASS.
But the deleveraging process should continue, and more measures will be introduced to ease the debt burden, especially
for the private sector, said Lian Weiliang, deputy head of the National Development and Reform Commission.
One of the key measures is to further promote the debt-to-equity s
wap program, to inject more social funds into indebted companies through holding the co
mpanies’ shares, the NDRC official said. “We will choose more qualified private companies to join this program.”
By the end of April, the total value of debt-to-equity swap reached 2.3 trillion yuan ($332.8
billion). More than 20 percent was for the centra上海品茶微信女神会所l State-owned enterprises, inclu
ding China Baowu Steel Group Co Ltd, State Power Investment Co Ltd, and China Shipbuilding Industry Corp, acc
ording to data from the State-owned Assets Supervision and Administration Commission.
the percentage of adult smokers to 20 percent by 2030, we have a lot of work to do,” he said.
The biggest obstacle to tobacco control in China is the powerful toba
cco industry, which is one of the biggest tax contributors to the government, he said.
Despite an increasing number of cities having local regulations on tobacco control,
national legislation is still lacking, due to causes including influence from the industry, he said.
“Only a few big cities, such as Beijing, Shanghai and Shenzhen h
ave strict tobacco control regulations and law enforcement, but in most areas in China suc
h regulations are absent,” he said. “The prevalence of tobacco has caused serious health conseque
lear that if the US treats the Chinese negotiating team with respect and shows the willingness to talk wit
hout using outside pressure, there is a high possibility that there could be a productive trade deal.
“Otherwise, I think we might be facing a prolonged period of problems for both sides,” she said.
Regan, at the close of their 15-minute talk, said again, “No one wan
ts trade wars. But we have to think long hard about the right next steps.”
Liu, however, did counter an assertion by Regan that China’s government controls its entire economy.
“Everybody thinks that China’s economy is state-owned, state-controlled, every
thing is state, state, state. Let me tell you that is not the true picture,” Liu said. “We are a
decade is likely to be driven by greater global financial sector integration,” said Alfred Schip
ke, the International Monetary Fund’s senior resident representative for China.
Chinese students are increasingly diversifying their choices of destinations for overseas stud
ies, with more students choosing to go to the United Kingdom, Australia and Canada, a new report showed.
In a multiple choice survey for the annual Report on Chinese Students’ Overseas Study, released
on Tuesday, while the United States remains the most popular destination for overseas study this year, pref
erred by 43 percent of the respondents, this was down by 8 percentage points compared with 2015.
US dominance looks uncertain as the number of students inclined to study in the UK r
ose sharply in 2019, accounting for 41 percent, up 9 percentage points compared with 2015.
President says gathering sets stage for more Belt and Road progress, cooperation
More than $64 billion in deals were signed during the Second Belt a
nd Road Forum for International Cooperation, President Xi Jinping told members of the me
dia from home and abroad in Beijing after the three-day event concluded on Saturday.
In addition, Xi said, during the preparation and holding of the fo
rum, parties reached 283 pragmatic outcomes, including intergovernmental cooperation agre
ements, cooperative projects and the launch of multilateral cooperation platforms.
The outcomes fully demonstrate that joint building of the Belt and Road conforms to the trend of the times, wi
nning the hearts of the people, improving livelihoods and benefiting the whole world, he said.