Last week, the PBOC, the central bank, announced cuts in the reserve requirement ratios, or the cash amount set aside by financial institutions, by half a percentage point for large state-owned commercial banks, joint-stock commercial banks, the Postal Savings Bank of China, city commercial banks, non-county rural commercial banks and foreign-funded banks, starting July 5.
Largest market will be accessible to 1,700 companies, 3.3b metric tons
Last year, China sought to cool the overheated market through yearlong stringent housing regulations, including a stricter ban on home sales and tougher access to mortgages.
Last year, by taking prompt steps to ease the impact of changes in the external environment on employment, China created 13.61 million urban jobs and kept the surveyed unemployment rate around 5 percent - a relatively low level, Li said.
Last year, gross value added of all economic activities in Macao grew by 39.52 billion patacas (.9 billion), a year-on-year rise of 9.9 percent, according to a report this month by the city's Statistics and Census Bureau.
Last month in Beijing, it was announced that following State Council approval, the Commerce Ministry and the National Development and Reform Commission will unveil the new market-entry negative list. It is expected to provide more transparency and predictability for market practices in China.
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Last month, international air cargo increased by 1.9 percent, which was the first monthly growth this year.
Last year, the bank funded over 427.4 billion yuan for housing renovation in rural areas, according to the statement.
Last year, flight punctuality hit 81.65 percent, a year-on-year increase of about 1.5 percent, he said, adding that the country's civil aviation sector also has registered more than 80.6 million hours of safe flights.
Large air conditioners and ice makers have been used to help construction workers cope with the high temperature during drilling, according to Wang Li, a project manager.