The move is under the central bank's macro prudential regulatory framework, to ease exchange market vulnerabilities, other than a government intervention measure or capital control, according to a central bank spokesperson.
The modernization that we pursue is one characterized by harmonious coexistence between man and nature. In addition to creating more material and cultural wealth to meet people's ever-increasing needs for a better life, we need also to provide more quality ecological goods to meet people's ever-growing demands for a beautiful environment. We should, acting on the principles of prioritizing resource conservation and environmental protection and letting nature restore itself, develop spatial layouts, industrial structures, and ways of work and life that help conserve resources and protect the environment. With this, we can restore the serenity, harmony, and beauty of nature.
The move comes as the Chinese tech company continues to showcase its technological capabilities, despite the challenges it faces.
The move came after the company drew the attention of capital market regulators for involvement in a massive fraud scandal recently.
The move came after Huawei posted strong revenue performance in 2019 despite the US government's restrictions.
The move comes close on the heels of a similar cooperation agreement inked by the Chinese think tank with Operador Nacional do Sistema Eletrico (ONS), Brazil's national grid operator, last June. Under the agreement, SEPRI has offered two technical training sessions for ONS staff on HVDC technology, in last November and this April respectively.
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The move reflects PepsiCo's continued and long-standing commitment to the Chinese market, according to the company.
The municipal government of Shanghai said it will make Pudong New Area contribute more to the high quality development of the nation and achieve the goal of 2 trillion yuan (0.7 billion) GDP (gross domestic product) in seven years, official sources said on Tuesday.
The move is the latest sign of increasing competition between Microsoft and Amazon. Microsoft’s strength is in larger businesses, migrating to its Windows Azure cloud computing platform from its traditional server products, but the Redmond company is trying to expand into Amazon’s turf.
The nation's education regulations bar public school teachers from operating or being involved in fee-based extracurricular courses.