s out of ou上海品茶微信女神会所r expectations, and it was maintained because of countercyclical policies,” said Zhang Xiaojing, a senior economist with the CASS.
But the deleveraging process should continue, and more measures will be introduced to ease the debt burden, especially
for the private sector, said Lian Weiliang, deputy head of the National Development and Reform Commission.
One of the key measures is to further promote the debt-to-equity s
wap program, to inject more social funds into indebted companies through holding the co
mpanies’ shares, the NDRC official said. “We will choose more qualified private companies to join this program.”
By the end of April, the total value of debt-to-equity swap reached 2.3 trillion yuan ($332.8
billion). More than 20 percent was for the centra上海品茶微信女神会所l State-owned enterprises, inclu
ding China Baowu Steel Group Co Ltd, State Power Investment Co Ltd, and China Shipbuilding Industry Corp, acc
ording to data from the State-owned Assets Supervision and Administration Commission.
Despite a busy schedule, Xi still tries to find time to interact with children.
He has extended greetings to children nationwide every International Children‘s Day since he became
president in 2013, showing his care for their growth and his hope for them to carry on endeavors to realize the nation’s dreams.
International Children’s Day falls on June 1 every year.
In May 2013, while inspecting a school devastated by an earthquake in Sichuan province, Xi t
old students to turn their trauma into a source of strength, urging them to be strong, brave and united.
When visiting a primary school in Beijing’s Haidian district in 2014, Xi spoke of the
need to guide children to set high goals and create conditions for them to grow into adulthood.
On June 1, 2015, when speaking to members of the Young Pioneers of China in Bei
jing, Xi called on all Chinese children to learn to be people of integrity, knowledge and responsibility from an early age.
FTSE Russell, a leading global multi-asset index, data and analytics provider, said Satur
day that it will add Chinese A shares to its widely-tracked global benchmarks next month.
The addition will be officially effective after the close of share markets on June 24.
According to the plan of FTSE Russell, this move marks the first stage of incorporatin
g Chinese shares into its indexes. In this stage, 1,097 Chinese stocks, or 20 percent of A shares, will be bro
ught into the indexes, drawing an expected $10 billion from passive investors.
FTSE Russell will add 40 percent of A shares to its indexes in September, and another 40 percent in March next year.
eing restored as well. We have no room for even the slightest error,” Song said.
Liu Qingzhu, a cultural heritage expert at the Chinese Academy of Social Sciences, said, “In anci
ent times, thunderstorms were the biggest threats for wooden architecture. They became much safer after l
ighting rods were widely installed. However, the use of electricity in restorations has created a new problem.”
Unlike the stone structures of much ancient architecture in the W
est, wood was the primary building material in ancient China. “If a fire similar to the one at Notre
Dame in Paris happened at a Chinese building, the whole building would probably burn down,” Liu said.
Hours after the fire in Paris, the Palace Museum in
Beijing, China’s former imperial palace from 1420 to 1911 and also known as the Forbidden City, held an eme
rgency meeting to go over its fire-prevention efforts. It is the world’s biggest architectural complex made of wood.