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ai Xiaomin, former China Huarong Asset Management board chairman, has been charged with bribery, corruption and bigamy, the Supreme People’s Procuratorate said on Friday.
China Huarong is one of the country’s four largest S
tate-own asset management companies. It is alleged that Lai exploited various professional positions, including head of the Huarong
and director-general of the banking supervision department of the People’s Bank of China. While in these positions, it is claimed that he asked for and received significant benefits in exc
hange for “aid”, according to a press release from the SPP, the country’s top prosecuting authority.
It also alle
ged that Lai was in illegal possession of a large number of public properties, a nd that he was living as husband and wife with a woman other than his wife, the release said.
Lai, 56, was placed under investigation by the Central Commission for Discipline Inspection (CCDI) o
f the Comm
unist Party of China in April last year for “serious violations of disciplinary rules and laws”, and was expelled from the Party and removed from public office six months later.
The CCDI said he violated political disciplines and State financial policies to blindly expand the c
ompany and operate it in a disorderly manner, resulting in it deviating from its primary tasks and business.
Lai, a Jiangxi province native, started his career at the People’s Bank of China in July 1983, and went on
to hold key positions at the China Banking Regulatory Commission and Beijing Banking Regulatory Bureau.
China after Spring Festival. Before embarking on their next move in interest rate reform, however, policymakers need to assess dom
estic macroeconomic conditions in order to reduce financing costs. It is more urgent to
let the financial market determine the lending rate, Sun said. “We hope (policy fine-tuning) will not surprise the market when it is introduced,” Sun said.
cation with other countries is also needed before launching new policies or introdu cing creative monetary policy tools, and “the PBOC has good communication mechanisms with other c
s including the US Federal Reserve and the European Central Bank”, Sun said. Last year, the PBOC removed some constraints on credit, including liquidity in
jection through cutting the reserve requirement ratio four times and capital rep
nt by allowing commercial banks to issue perpetual bonds, which have no maturity rate, he said. Chinese commercial banks, however, are still using the one-year lending rate of 4.35 percent — th
e rate commercial banks charge businesses — set by the central bank in 2015. It is higher than in
terbank market rates or the interest rates banks have been paying to the central bank of 3.05 to 3.30 percent.
China lost 3-0 to Iran in late January in the Asian Cup quarterfinal, conceding all three goals due to defensive errors. “When you face a strong team like Iran, you
have to avoid making the mistakes. I did not expect
we lost the game in this way,” China coach Marcello Lippi said. With the Olympic qualifying tournament and the 2022 World Cup quali
ign around the corner, China faces an uphill battle with a limited squad. Hou Sæter’s versatility has been praised by Guo’an head coach, Rog
er Schmidt, who has said the midfielder can play a number of positions across the pitch.
ion has become increasingly popular in international football in recent years, and has been used by Japan, the Philippines, and AFC Asian Cup holders Qatar.
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han 15 minutes, you can read any bestselling nonfiction book with Blinkist. The app s ummarizes key insights from the world’s best business, leadership and productivity books.
nger the prerogative of the US and Russia. Apart from the US, Russia and China, India too has worked out an ambitious plan to put astronauts in space by 2022.
Constantly improving manufacturing and new materi
al technologies have remarkably reduced the cost of space launches. The pr ivate US company Space X has successfully launched recoverable rockets, and its launch cost per kilogram payload has fallen below $2,000, one-ten
th that of a space shuttle launch. And for China an
d India, the cost of one rocket launch is less than $5,000 per kg. Another major change helping space exploration is the advancement in 3D printing technology, which now allows astr
onauts to produce parts and components in the International Space Station and thus reduces the number of sup
launches. 3D printing will play a big role in the construction of a permanent space station on the moon. These technological advancements have propelled a new wave of space fever ac
ross the world. While US President Donald Trump has reactivated the space ex
rogram that aims to land humans on Mars by 2033, private space companies such as Space X and Blue Ori gin have used advanced technologies to their full advantage to move ahead in the space race.
For China, building a permanent space station and a rocket launch platform on the moon will
be critical to advanced space exploration. Actually, China is moving closer to fulfilling that objective.
circulation industry development, said online sales have become an important engine to stimulate domestic spending and i
mports. “Durable consumer goods with high-tech fe
atures and branded foreign products have huge commercial potential,” Zheng said. Chinese e-commerce giant JD reported robust sales between Feb 3 and Friday, with sales revenue jumpi
ng 42.74 percent year-on-year. Smartphones, computers and home appliances
were the top three items on JD in terms of sales value. Chinese consumers tend to buy high-quality and diversified products, the comp
any said. Kitchenware sales posted the strongest
growth — 399 percent year-on-year. That was followed by furniture and luggage, with their respective sales revenue up 185 percent and 148 percent, JD reported.
China UnionPay, the country’s largest bank card o
perater by market share, saw its total transaction volume over the ho liday period reach 1.16 trillion yuan, jumping 71.4 percent year-on-year, the company said on Monday.
BEIJING, Feb. 11 (Xinhua) — China announced Monday that it is developing the modified version of the Long March-6 rocket with four additional solid boosters to increase its carrying capacity.
The improved medium-left carrier rocket will be sent into space by 2020, according to the Shanghai Academy of Spaceflight Technolog
y under the China Aerospace Science and Technology Corporation (CASTC), which designed the rocket. With a short launch preparation cycle, the Long March-6 has been mainly used for the academy’s commercial launches. The rocke
t completed two space tests in September 2015 and November 2017, carrying 20 satellites and three satellites, respectively. The three-stage rocket is 29.3 meters long, with a launch weight of 103 tonnes. It has a carrying capacity of one tonne for sun-synchronous orbit.
Fueled by a liquid propellant made of liquid oxy
gen and kerosene, the Long March-6 is China’s first carrier rocket that uses non-toxic and non-polluting fuel.
Ding Xiufeng, executive manager of the Long March-6 project, said in response to the growing demand for commercial launches, the
y will ha
ve the rockets’ market competitiveness enhanced through technical improvements, so that t hey can provide easier, faster and more comprehensive services to users at home and abroad.
In January, the China Great Wall Industry Corporation, affiliated wi
th the CASTC, signed a multiple launch services agreement with Satellogic to use the Long
March-6 and the Long March-2 rockets to launch 90 satellites for a private Argentine company in the coming years.
The first 13 satellites will be delivered late
r this year. It will be the first time for the Long March-6 to provide launch services for an international user.
Tencent sports on January 30-2018-19 season CBA season 37 wheel, jiangsu suzhou candy a
nd sat at home against BeiKong.Candy and pre-e
mptive 13-3 start.Then Ken, and gradually expand the leading edge, always sta
y in around 20 points lead in the second half.Final match, suzhou, jiangsu
province, and in a 113-11
3 victory ov
er the BeiKong, winning three straight to opponent ten burnley at the same time.”The CBA project”
Match rebounds 57-41 was dominant, assists 31-15
candy and leading, and error control in 17-12 BeiKong do better, shootin
g 52% 33% higher, 10 of candy and 26 three-point shots, 6 BeiKong 32 shots,
candy and the ratio is higher.
Player data, candy and five players in double figu
res, and Dudley was 19 points, 5 rebounds, hong-fei shi 15 points, five assists,
Sloan 14 points and 4 rebounds and 6 assists, Wu Guanxi 14 points and 13
rebounds, li yu 12 points and 13 rebounds.
BeiKong aspects only 3 players in double figures, Robinson 17 points and 14 rebounds,
16 points, beam Zhang Minghao 12 points and 3 rebounds, Laredo only 9 points
and 4 rebounds, 7 assists.