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cus”, keeping it prudent while the liquidity should be at a reasonably adequate level, it said.
Financial policies are required to further support small and private companies, and fun
ding through the capital market is supported by the authorities, according to the statement.
The central bank had skipped open market operations for 15 conse
cutive working days until Monday. “Reasonable and adequate liquidity in the banking syste
m” was the main reason for the absence of open market operations, according to a statement from the central bank.
To cut or not to cut the RRR, a strong tool for liquidity adjustm
ent, has become a hot topic since April, not only for investors, but also for policy advisers.
Divergent opinions are spreading among a broader group of market observer
s. The market is trying to get more indications from the monetary authority, although the C
hinese central bank barely sends any hints on possible monetary policy operations before taking action.
pply (M2),” said Sheng Songcheng, a central bank adviser and a former director of the central bank’s statistics department.
The central bank released M2 data on Friday, which recorded a 13-month high of 8.6 percent by the end of March, accelerating from 8 percent by February.
Aggregate social financing, a gauge to measure broader financial activities including trust funds and local govern
ment bonds, also grew faster than market expectations. That total financing amount grew to 2.86 trillion yuan in Mar
ch, or a 11.1 percent growth from a year earlier, compared with 10.6 percent in February, said the central bank.
“According to the latest economic data, there is less necessity for RR
R cuts, but it requires further observation on future changes,” said Sheng.
If the central bank further cuts the RRR, when economic growth is already stabilized, inflation wi
ll surge, and possibly lead to funds flowing into the property sector instead of supporting the real economy, he added.
favorite city to work and live in for the sixth year in a row, followed by Beijing, Hefei, Hangzhou, Shenzhen, S
uzhou, Qingdao, Tianjin, Xi’an and Wuhan.
The campaign also looked at cities with the most potential to attract expats, naming X
iamen, Nanjing, Urumqi, Guangzhou, Xuzhou, Haikou, Kunming, Jinan, Dalian and Chengdu.
In recent years, China has implemented a work permit system for foreigners to come to Chi
na and a visa system for expats. This has promoted the government affairs, policies, work and living
environment of Chinese cities, allowing more expats to live and work better in China.
The survey has been conducted for nine years, starting in 2010. The A
mazing China 2018 poll took place from November to December. Results were anal
yzed from 239 signed votes from top expert panels, 2,815 votes from foreign experts, and 94,849 votes from internet users.
Aviation Industry Corp of China, the country’s leading aircraft manufacturer, on Sunday launched an ex
hibition park in Xi’an, Shaanxi province.The park is located in an aviation industry compound in Xi’a
n’s northeastern suburb and showcases 16 aircraft used in flight testing.The exhibits represent prototypes of the Chinese military’s major aircraft down
through the years, including the CJ-6 basic trainer, J-7 fighter jet, KJ-2000 early-warning and control plane, as well
as the Z-10 attack helicopter.A J-8II fighter jet is on display at the exhibition park that opened to the public on Sunday in X
i’an, Northwest China’s Shaanxi province. Photo by Zhao Lei/chinadaily.com.cnThese aircraft contri
buted significantly to China’s aviation industry and flight test endeavors, and highlight the growth of the co
untry’s aviation sector, according to an Aviation Industry Corp of China statement.In addition to the aircraft, the par
k also features relief sculptures depicting the histories of Chinese planes’test flights.