New personal mortg亚博体育官网贵宾登录419论坛 to be based on LPR

China will link the personal mortgage loan rate to a new lending rate reference, starting fr

om Oct 8, to make it more flexible and market-driven, the central bank said in a statement on Sunday.亚博体育官网贵宾登录419论坛

For purchasing the first house, individual borrowers of new mortgage loan will pay an intere

亚博体育官网贵宾登录419论坛品茶微信st rate of no less than 4.85 percent – it is the five-year loan prime rate, or LPR, th

e new reference of bank lending reported by the People’s Bank of China, the central bank, on Aug 20.

Buyers of second house should pay an interest rate that is 0.6 perc亚博体育官网贵宾登录419论坛

entage point above the LPR, which will be 5.45 percent, said the statement.

The existing mortgage loans, with the contracts signed earlier than Oct 8, will keep the old interest rates unchanged, it added.

亚博体育官网贵宾登录419论坛品茶微信”That is almost at the same level of the current lowest person

al mortgage loan rate,” a spokesman with the PBOC said. “Compare with the si

tuation before the reform, the interest expense will be basically unchanged for borrowers.”亚博体育官网贵宾登录419论坛

Liu Guoqiang, a vice-governor of the PBOC, said at a press

亚博体育官网贵宾登录419论坛品茶微信conference last week that even under the new interest ra

te scheme, the rate for mortgage loans will not be lower, as the government will not ease the

real estate control policy nor “use real estate as a tool to stimulate short-term economic growth”.亚博体育官网贵宾登录419论坛

The new method to set mortgage loan rate is part of the market-driven reform of the cou

ntry’s overall interest rate system, which made a remarkable progress on Au亚博体育官网贵宾登录419论坛品茶微信

g 17. It decided to use the LPR, the price of loans banks offer to their best clients, as a new

reference for bank loans, instead of the existing one-year benchmark lending rate.

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The Italian Senate will亚博体育官网贵宾登录419论坛 on Aug 20 for a m

Parliamentary party leaders in the Senate on Aug 13 decided the date when Prime Minister Gius

eppe Conte would face the vote in parliequested last week by League party leader, Matteo S亚博体育官网贵宾登录419论坛

alvini. The League party had formed a coalition with Conte’s Five Star Movement.

亚博体育官网贵宾登录419论坛The two coalition partners have been at odds on most issues since they joined forces to run the country last year. Salv

ini, whose popularity has been soaring, wants Italians to go to the polls quickly, possibly as early as October.亚博体育官网贵宾登录419论坛女神会所

Politicians from all the parties in parliament said Prime Minister Giuseppe Conte will address the S

enate on that day. Conte must offer his resignation to President Sergio Mattarella if the motion passes.

President Donald Trump will welcome the Romanian President Klaus Iohannis to t亚博体育官网贵宾登录419论坛

he White House on Aug 20. Trump and Iohannis will discuss shared security challe

nges facing the US and Romania and ways to advance trade and energy partnerships.

The visit comes in the 15th year of Romania’s membership of NATO.亚博体育官网贵宾登录419论坛

Local governments told to provide accurate information to authorities

Authorities have found a series of problems亚博体育官网贵宾登录419论坛女神会所

while carrying out the third national land survey, warning local gover

nments and natural resource departments to fulfill their responsibilities.

亚博体育官网贵宾登录419论坛The problems were outlined on Friday by the Ministry of Natural Resources and the central

government supervision team, and involved 20 provinces, municipalities and autonomous regions.

In Qinghai province, for example, local natural resources department and sup亚博体育官网贵宾登录419论坛

ervisory teams were blamed for not taking the field surveys seriously, nor did they urg

e that uncovered problems be corrected in accordance with rules and regulations.

In Yulin, Shaanxi province, entities did not fully carr亚博体育官网贵宾登录419论坛女神会所

y out the investigation responsibly, resulting in imprecise

outcomes, and county-level authorities deliberately changed and forged mapping data.

“Those cases reflected problems, such as poor quality surveys a亚博体育官网贵宾登录419论坛nd data accuracy. I hope that will be a w

arning for future work,” said Wang Guanghua, vice-minister of natural resources.

He said the ministry will not tolerate the forging of data.亚博体育官网贵宾登录419论坛女神会所

The third national land survey was launched in 2017

by the State Council, aiming to thoroughly check the status of the country’s l

and use, collect accurate data, and improve the mechanism of surveys and statistics.

www.qinhuaili.cn

Zhang Xiaoqiang, vice亚博体育官网贵宾登录419论坛of the Beijing-based Ch

ina Center for International Economic Exchanges, said the US keeps a

rguing that it needs a better deal, but so does China. Therefore, they need to aim at reach亚博体育官网贵宾登录419论坛品茶微信

ing a fair agreement in the next round of negotiations that can help with the economic growth of both countries.

亚博体育官网贵宾登录419论坛”There will never be an agreement where the US is the sole winner; the agreement must be mutually beneficial,” Zhang said, adding t

hat for China, the most important thing is to focus on its own development, deepening reform and openin亚博体育官网贵宾登录419论坛品茶微信

g-up and creating more jobs while joining hands with other countries to build an open global economy.

亚博体育官网贵宾登录419论坛The US should have realized China’s resilience in coping with challen

ges, such as increased tariffs and technology barriers, as well as the country’s det

ermination and resolve reflected by its refusal to yield to pressure over the previous rounds of talks, said Zhang Yun亚博体育官网贵宾登录419论坛品茶微信

ling, director of international studies at the Chinese Academy of Social Sciences in Beijing.

“China today is supported by its policy adjustment capacity, m

亚博体育官网贵宾登录419论坛odern industrial system and vibrant domestic consumption,” he said, adding that the coun

try’s economy was largely stable in the first half of this year, in particular in terms of foreign trade and domestic dema亚博体育官网贵宾登录419论坛品茶微信

nd amid slower global economic growth and weak expansion of international trade.

亚博体育官网贵宾登录419论坛Trade disputes with China have affected some US industries.

Michael Tate, chairman of the National Cotton Council — a trade organization in the US — said the cotton industry in the US hopes S

ino-US trade disputes will be resolved as soon as possible to minimize the impact on the cotton export market.亚博体育官网贵宾登录419论坛品茶微信

China has announced a slew of new measures to further open up its financial markets, according to the office of fin

ancial stability and development committee under the State Council, the cabinet.

亚博体育官网贵宾登录419论坛品茶微信China will allow foreign-funded institutions to conduct credit rating bus

iness with all kinds of bonds in China’s inter-bank and exchange bond market, ac

cording to a statement of the office posted on the website of the central bank on Saturday.亚博体育官网贵宾登录419论坛品茶微信

Overseas financial institutions will be encouraged to participate in setti

ng up and investing in the asset management subsidiaries of commercial banks.

www.lanqiaowangluo.cn

China to EU, the US tariff 亚博体育官网贵宾登录419论坛 continuesWith the Offic

?of the United States Trade Representative threatening to impose new tariffs on $

4 billion worth of European Union goods, the trade conflict between the US and the EU has inten亚博体育官网贵宾登录419论坛

sified. And if the US makes good the threat it issued on July 1, the additional tariffs would cover $25 billion of EU goo

亚博体育官网贵宾登录419论坛品茶微信ds-in April the US had decided to impose additional tariffs on $21 billion of EU products. In addition, the US ad

ministration launched a Section 301 investigation against the digital service tax of France on July 10.

Washington’s move seems to have roots in the 15-year-old dispute ove亚博体育官网贵宾登录419论坛

r the subsidies given to Boeing by the US and to Airbus by the EU. The US is using tari

ffs to exert pressure on the EU to reduce subsidies to Airbus so Boeing can maintain its competitiveness in the global

亚博体育官网贵宾登录419论坛品茶微信market and the jobs in the US plane manufacturing industry could be protected.

The US is wielding tariff as weapon also to increase its bargaining chips in the negotiations over “thre

e zeros”-zero tariff, zero tariff barriers and zero subsidy-for non-auto industrial products.亚博体育官网贵宾登录419论坛

Since the US and the EU have wide differences over auto and agricu

亚博体育官网贵宾登录419论坛品茶微信ltural products, the negotiations remain mired in uncertainty, although Washington comp

elled Brussels to continue the talks by threatening to impose fresh tariffs on EU goods in April.

As US President Donald Trump prepares to launch his re-election campai

gn, he is trying to mitigate US farmers’ sufferings, as the votes from the agricultural belts helpe亚博体育官网贵宾登录419论坛品茶微信

d him win the 2016 presidential election. The US administration has provided numerous subsidies for farmers to

help offset their losses due to the US’ trade disputes with China, the EU and other eco亚博体育官网贵宾登录419论坛

nomies, but subsidies alone cannot solve the farmers’ problems. So Washington has put some EU agr

亚博体育官网贵宾登录419论坛品茶微信icultural products on the tariff list in an effort to protect its agricultural products market.

However, the fact that the EU has agreed to resume negotiations on subsidies to the plane manuf

acturing industry does not mean it will not take countermeasures if the US does impose m

ore tariffs on EU goods. In April, when the US levied additional tariffs on $21 billion of EU goo

ds, Brussels responded by imposing tariffs on€20 billion ($22.43 billion) of US products.

yuyingleyou.com.cn

Flying breaks the norms亚博体育官网贵宾登录419论坛al acrobatic perform

mance while being very artistic and entertaining,” said Zhou Xiaoheng, head of Deyang Acrobatic Tro

upe, adding the show embodies the essence of traditional Chinese culture and enriches tourism in Beijing.亚博体育官网贵宾登录419论坛品茶微信

The acrobatic programs performed in the theater have won more than 30 awards at home and abroad, with some shows win

ning the Golden Chrysanthemum Award, the highest honor for an acrobatic act in China.

亚博体育官网贵宾登录419论坛According to the theater, performances that take place on stage serve as a bridge between traditional Ch

inese culture and the world, helping foreign visitors-from national leaders, dignitaries, diplomats, bu

siness leaders from multinational companies to tourists-learn more about Beijing and Chinese culture.

Modern expressive performance arts such as ballet are used in亚博体育官网贵宾登录419论坛品茶微信

Chaoyang Theatre has entertained and enthralled some 5 million foreign visitors to date,

亚博体育官网贵宾登录419论坛and many overseas travel agencies book tickets for the acrobatics performances two years in advance.

Bora Milutinovic, former head coach of the Chinese national soccer team, is one of the many audienc

Tony Award-winning Broadway musical?An American in Paris?made its debut in Beijing

on July 2 and runs for a week before it heads to other Chinese cities,亚博体育官网贵宾登录419论坛品茶微信

including Shenyang in Liaoning province and Zhengzhou in Henan province.

Based on the 1951 Academy Award-winning film of the same title and adapted for t

he stage by British contemporary ballet director-choreographer Christopher Wheel亚博体育官网贵宾登录419论坛

don, the musical opened on Broadway in April 2015 and became a hit worldwide.

The music is based on jazz-influenced symphonic tone poem written by American

composer George Gershwin in 1928. And it tells the story of a complicated romance between a French ballerina Lise, played

by British ballet dancer Leanne Cope, and an American expatriate painter Jerry, played by American dancer and actor Ryan Steele.

e members for whom Chaoyang Theatre holds a special place, having taken his family to see shows there four times.亚博体育官网贵宾登录419论坛品茶微信

acrobatics shows at the Chaoyang Theatre. Photo provided to China Daily

www.shanyankun.cn

ouse, Spring Festiva亚博体育官网贵宾登录419论坛品茶微信d celebrating th

?the health and l亚博体育官网贵宾登录419论坛品茶微信ongevity of the elderly in the family – as its core. Holding a wedding is one of them.

The Marriage Jewelry Series draws inspiration from the grand traditions of the ancient Chinese royal wedding cere

mony, echoing the brand’s philosophy of integrating Chinese-court style into modern creativity, according to the brand.

Architect set up venue in Harbin 19 years ago and is carving out a career in writing.

Strolling down the century-old Central Pedestrian Street in H

arbin, tourists cannot miss the Russian restaurant or the remarkable story of its owner.

For Hu Hong and his 19-year-old Russia Coffee & Food, busy season comes every win

ter as the “ice city” in China’s northernmost Heilongjiang province sees more visitors.

Food lovers come and go, rarely realizing that the Russian meat pies, accordion music and art at the restaurant all come from Hu.

ypqsr.cn

Putin addresses th亚博体育官网贵宾登录419论坛女神会所his annual question

?and answer se亚博体育官网贵宾登录419论坛女神会所ssion, during which he answers questio

ns that come in by telephone, text, email, social media, or live via television studios.

According to infographics released by the Rossiya-24 channel, a total of 1,0

53,326 questions had been submitted as of 09:00 Moscow time on Wednesday. More than half

of them (616,505 questions) were asked by phone, while 291,311 were transmitted via SMS and MMS messages. So

me 55,133 came in through a mobile app, 49,800 by way of a website, and 40,557 via social networks.?A push by m

ost European Union nations for the world’s biggest economic bloc to go carbon-neutral by 2050 was dropped to a foot

note at a summit on Thursday after fierce resistance from Poland, the Czech Republic and Hungary.

www.shuyin-edu.cn

S has imposed sanctio亚博体育官网贵宾登录419论坛女神会所ent offici

S has imposed s亚博体育官网贵宾登录419论坛女神会所anctions on seven Russian oligarchs and 17 senior government officials, accusing them of “malign activity around the globe”.

Twelve companies owned by the oligarchs, the state arms exporter and a bank are also sanctioned.

Treasury Secretary Steven Mnuchin said the penalties targeted those profiting from Russia’s “corrupt system”.

The move was a response to Russia’s alleged meddling in the 2016 US presidential election, he said.

The sanctions are also being imposed because of the actions taken by

the Kremlin in Crimea, eastern Ukraine and Syria, Mr Mnuchin said in a statement on Friday.

He accused the Russian government of “malicious” cyber-activities and

said the sanctions would target “those who benefit from the Putin regime”.

“The Russian government operates for the disproportionate benefit of oligarchs,” he added.

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The US has not only intensified screening and restrict

tions on Chin亚博体育官网贵宾登录419论坛女神会所a, but also blocked technology exports to Chinese companies. Therefore we need to be prepared for

the possibility that the US may ban all high-tech product exports to China in the future,” Li said.

“The new move will be a major step to strengthen controls over technological exports. It is necessary for China to set up export control

s and management systems for certain products, especially for those advanced technological produc

ts in which we’ve gained a global edge. China needs to tighten regulations and prevent those exported products fro

m being used to suppress and damage China’s development as well as its national security,” Li added.

Mei Xinyu, a researcher at the academy, said, “Compared with ad

vanced countries, we still lag behind in management of technology concerning national security.”

“I would suggest China takes key measures to safeguard national security in terms of

both imports and exports,” Mei said. “First, we need to ensure that the imported te

www.kaimenjidashijie.cn

hina spends heavily on government-subsidized housing

China’s fiscal sp亚博体育官网贵宾登录419论坛女神会所ending on government-subsidized housing saw a rapid increase in 2018 am

id government efforts to curb housing speculation and improve people’s livelihood.

Fiscal expenditures on government-subsidized housing projects totaled 737.2 billion yu

an ($107 billion) last year, up 46.4 percent year-on-year, the Ministry of Finance said in an online statement.

The funds helped the renovation of 6.26 million shantytown units in u

rban areas and 1.9 million dilapidated houses in rural areas, and supported the co

nstruction of the matching facilities for 300,000 public rental housing, the ministry said.

The ministry vowed to strengthen supervision and management of the funds for government

-subsidized housing in 2019, and standardize the financing for shantytown renovation projects.

The country saw stable housing prices last year amid government co

ntrol policies under the principle of “houses are for living in, not for speculation.”

www.qiancengdian.cn