Financial institutions will also be forbidden from creating a "capital pool" to manage funds raised through asset management products. The practice allows banks to roll over the products constantly. The investment losses will be implicitly covered by the new product issuance.
What China offers is a revolutionary step and can be a great contribution to the current world order. This new era brings new ideas, provides new philosophies for development and new concepts for the “common shared future of mankind.”
The Seventh World Forum on China Studies opened in Shanghai on Sunday, receiving over 180 sinologists from 30 countries and regions. Themed on "China in a New Era," the biennial event came after the 19th Communist Party of China National Congress, during which the CPC unveiled Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era.
South Korea is seeking to work together with China so as to avoid a further escalation of the tensions which might lead to a hot war. It is still possible to draw North Korea back to the path of dialogue and negotiation.
Terrorists reportedly have planned to launch a series of attacks on Chinese agencies and personnel in Pakistan in the near future, the Chinese embassy in Pakistan said in an "important security notice" issued on its website on Friday.
More than 180 scholars from 34 countries and regions convened in Shanghai for the opening of the forum, which is themed "China in a New Era". The two-day forum brought voices of Chinese experts from across the globe on what the term "new era" means to the world and to China studies.
The U.S. has offended almost all of its trade partners under the principle of "America First." China is the only nation that has managed to work with the U.S. and to gain some momentum in bilateral trade
Chinese President Xi Jinping has called on the international community to respect and reflect the will of the people in developing countries in human rights development in his congratulatory message to the South-South Human Rights Forum, which opened in Beijing Thursday.
The intrusion of an Indian unmanned aerial vehicle (UAV) into Chinese airspace on Thursday has triggered a tough response from China`s military with experts saying China`s tolerance toward India`s hostility is wearing thin.
"This tax reform in America should have direct and indirect impacts on China`s trade and industry. But the size and scale of the impact are limited because China has many tools in their financial section that to deal with such reform."
The speech presented a clear framework for foreign policy and was intellectually profound while it also explained why such a wide range of opinion was represented at the conference.
From the current cooperative projects promoted by China, most focus on building infrastructure, such as highways, railways, water conservancy projects and electric power engineering. These projects will form a solid foundation for local economic development.
Chinese banks are looking to tap the opportunities arising from the huge investment and financing demands in the Belt and Road regions, where investors are attracted by the potential of infrastructure and less-developed industries.
China and the United States should take measures to ensure that the internet unites rather than divides the two countries and refrain from "arms race" in the cyberspace, according to scholars and experts attending a forum during the 4th World Internet Conference.
A survey conducted by the China Youth Daily on Tuesday showed 84.1 percent of respondents were confident in the development of Chinese products.
The United States is throwing cold water on the growing geniality of trade relations between itself and China with its rebuke of the latter`s bid for recognition as a market economy in the World Trade Organization (WTO).
In a congratulatory letter to the 4th World Internet Conference, Chinese President Xi Jinping said China hopes to work with the international community to respect cyberspace sovereignty and carry forward the spirit of partnership to commonly advance development, safeguard security, participate in governance, and share the benefits.
With its theme of "Developing Digital Economy for Openness and Shared Benefits-Building a Community of Common Future in Cyberspace", the Fourth World Internet Forum in Wuzhen, Zhejiang province, has attracted worldwide attention.
The internet has many positive effects on juveniles during their growing up, but we have also seen some problems such as the negative information and individual information leaking, which makes the protection of minors an imminent task.
Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, proposed Friday to develop a new model of party-to-party relations, in which political parties would seek common ground while shelving differences, respecting and learning from one another