Having noticed the recent monetary easing in some foreign central banks and the United States Federal Reserve's strong message that it will make a cut later in the policy rate, the Chinese central bank has decided not to change its monetary policy stance, while continually reducing the actual financing costs of enterprises, said Sun Guofeng, head of the monetary policy department of the People's Bank of China, the central bank.
He also urged the two sides to constantly tap their development potential, advance practical cooperation, strengthen mutual understanding and friendship between the two peoples, and promote people-to-people exchanges.
He added China is not only the company's largest single market but is also its most important manufacturing base, and the innovation footprint in the country is huge.
He also shared details of China’s judicial reform over the past five years, adding that judicial cooperation on how to effectively tackle financial disputes is necessary due to the rapid progress of the initiative.
He added that the network for goods collection and distribution based on the Zhengzhou-Europe Express trains cover 121 cities of 24 countries in Europe and central Asia.
Having two or three interviews online or over the phone, Sun admits that now is her "lowest point" in life.
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He also said that the nine mainland provinces and autonomous regions will continue to facilitate trade liberalization with Hong Kong and Macao.
He also promised to speed up construction of major infrastructure projects linking Guangdong with Hong Kong and Macao to accelerate infrastructural connectivity among Bay Area cities.
He also noted that there are common barriers to achieving the aims of the BRI, such as a lack of understanding of the investing countries' priorities, policies and regulations, communication barriers due to the cultural differences, and barriers due to environmental and social concerns.
He Yiting, executive vice-president of the Party School of the CPC Central Committee, said China wants the world to understand President Xi Jinping's principles of governance, which, while designed specifically for China's special domestic situation, have broader applicability in that the same principles hold for global governance.