The National Development Reform Commission, China's top economic planner, said on Friday that it approved 22 fixed-asset investment projects in July, valued at 165.5 billion yuan (.8 billion), to further drive high-quality economic growth and meet public demands for better infrastructure and livelihood facilities.
The PBOC will use monetary policy tools, such as open market operations, to achieve the objectives, the statement said.
The NATCM has pledged to increase policy and financial support for rural and western regions and extensively hold activities such as TCM culture promotion, health services and free medical consultations.
The Ministry of Transport on Monday urged the nation's online car-hailing platforms to take concrete action to safeguard passengers' personal safety, after a 20-year-old woman in Yueqing, Zhejiang province, was raped and killed by a Didi driver on Friday, the second such killing this year. The driver confessed, the police said.
The Next Web reports that?Reddit, Coursera, Flipboard, FastCompany, Heroku, Airbnb and many others were impacted. ?Here are the updates from Amazon Web Services’ dashboard:
The Nanjing-based home-appliance merchant-turned-retailer acquired an 80 percent stake in Carrefour China last year. The most noticeable benefit since the acquisition was when Suning started to sell its home appliance products at Carrefour's hypermarkets.
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The National Retail Federation, a trade group in Washington, said tariffs will increase consumer prices.
The Nasdaq Composite dropped 329 points, or 4.4 percent, to 7,108; the Dow Jones Industrial Average lost 608 points, or 2.4 percent, to 24,583; and the S&P 500 fell 85 points, or 3.1 percent, to 2,656.
The National Development and Reform Commission said this month that China's overall leverage levels had dropped by the end of 2016, compared with the end of the third quarter of 2016. It also said that by the end of June, the asset-to-liability ratio of major industrial enterprises had dropped to 55.9 percent from 56.7 percent a year earlier.
The National Meteorological Center said that heavy rainfall will continue through Thursday across the middle and lower reaches of the Yangtze River, including north Hunan province, north Jiangxi province, south Anhui province, south Jiangsu province, Shanghai and north Zhejiang province.