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"The first Prime Minister that

 
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Dołączył: 02 Lip 2018
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PostWysłany: Pon Sie 27, 2018 10:17    Temat postu: "The first Prime Minister that Odpowiedz z cytatem

China's central bank is unlikely to tighten policy further in the second half of this year Women's Cyrus Jones Jersey , which could cap rises in market interest rates, a central bank adviser on Tuesday was quoted as saying by the China News Service.


Under its "prudent and neutral" stance, the People's Bank of China (PBC) shifted to slight tightening at the start of the year, guiding market interest rates higher during the first quarter. But it later pumped out substantial cash in response to a surge in short-term rates caused by a financial deleveraging drive.


"Financial market rates Women's Jordan Richards Jersey , in general, will not go up again in the second half, but will stay stable or even fall slightly," Sheng Songcheng Women's Malcom Brown Jersey , a PBC adviser, was quoted as saying.


The weighted average lending rate for non-financial companies, a key indicator reflecting corporate funding costs, rose 14 basis points in the second quarter to 5.67 percent Women's Joe Thuney Jersey , following an increase of 26 basis points in the first quarter to 5.53 percent, the PBC said on Friday.


The adviser's comments come as China's program to contain debt continues, and as weaker-than-expected July data suggested the economy is starting to cool under the weight of higher financing costs.


In June, sources told Reuters that the PBC would hold off on further policy tightening and could even slightly loosen its grip in coming months.


Responding to market expectations that the PBC could cut banks' reserve requirement ratio (RRR) again if it aims to achieve a steady money supply growth Women's Deatrich Wise Jr. Jersey , Sheng said an RRR cut would send too strong a signal on policy loosening to the market.


"The central bank is much happier to increase money supply via monetary tools," he said.


The Standing Lending Facility, Medium-term Lending Facility and Pledged Supplementary Lending are the monetary policy tools devised by the PBC to provide short-term funds to the interbank market.


Reuters predicted PBC may cut the RRR by 50 basis points in the first quarter of 2018 .


Apple Inc plans to invest 3.5 billion yuan (US$507 million) on research centers in China, including two new research centers in Shanghai and Suzhou.


Through the four Chinese research centers in Beijing Women's Antonio Garcia Jersey , Shenzhen, Shanghai and Suzhou, respectively, Apple will strengthen research and engineering capability Women's Derek Rivers Jersey , as well as the cooperation with local technology partners in China. The four centers will be opened “later this year”, according to Apple’s website today.


Some employees and interns of the upcoming research centers will come from local elite universities, including Peking University and Tsinghua University.


Currently, Apple has created 4.8 million jobs in China Women's Isaiah Wynn Jersey , 1.8 million iOS application developers and employees of its local offices and stores, the company said.


The expansion in China is expected to help Apple gain market shares and influence in the domestic market, where China-brand Huawei, Oppo and Vivo dominate the smartphone market. They are developing flagship smartphones to challenge Apple and Samsung in the high-end market Jordan Matthews Jersey , analysts said.




by Levi J Parsons


SYDNEY, March. 24 (Xinhua) -- The ongoing visit of Chinese Premier Li Keqiang to Australia comes at a time when the two countries celebrate 45 years of diplomatic relations.


In a column for The Australian newspaper, Li said: "Advance is a key word in both the Chinese and Australian national anthems."


"I am fully confident that China and Australia will continue to move forward in our own way while working with each other, and jointly help to counter global instability with the stability that is created through our steady development and cooperation."


The premier noted that over the past 45 years, Australia and China have risen above their differences, "gradually built up trust and properly managed disagreements in the spirit of equality and mutual respect."


Similarly, Australian Prime Minister Malcolm Turnbull wrote an article in the Australian Financial Review that shared the sentiments of the visiting Chinese leader, saying "Australia's ties with China have never been more important or dynamic than they are today."


"The relationship enriches both nations, improving the lives of our people and we could not imagine modern Australia, the most successful multicultural society in the world, without the extraordinary contribution of Chinese Australians to our Australian families."


As Australia's largest trading partner, the significance of bilateral relationship can not be understated, with Turnbull adding that China has directly aided Australia's prosperity by "supporting the jobs and growth agenda that is at the heart of my government," he said.


"The natural one to gravitate to is the free trade agreement at the end of 2015, because that is producing tangible gains for Australia-China trade," James Laurenceson, deputy director of the Australia-China Relations Institute at the University of Technology Sydney, told Xinhua.


For Laurie Pearcey, director of the Confucius Institute at the University of New South Wales, Australia, it is vital to remember Gough Whitlam.


"The first Prime Minister that officially recognized the People's Republic of China and established the framework for the Australia-China bilateral relationship," he told Xinhua.


Australia and China established diplomatic relations on December 21, 1972.


Since then the two countries have continued to cooperate and grow together, with around 30 percent of Australia's exports going to China.


Pearcey feels this cooperation will lay the foundation to tackle future challenges that lie ahead.


"China's economy is in transition. So both of our economies are adjusting to our own new normals. Through our own new normals we are forging a new shared partnership," he said.


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