when the late Qing Dynasty residence of Wu Lu, the province’s last zhuangyuan (top scorer on imperial examinations), was damaged.
Fire this year also destroyed a bridge dating from four centuries ago in Nanping, Fuji
an, a Qing Dynasty residence in Wenzhou, Zhejiang, and an office structure from the 1930s in Fuzhou, Jiangxi.
The operators of the sites hit by fire will be responsible for the dam
age, said the heritage administration. “Electrical faults and loose supervision over the use of fire
during renovation are the main reasons” for the damage, the administration’s statement said.
Though the fire at Notre Dame is under investigation, Frenc
h officials said they suspect its source might have been related to restoration work on the cathedral.
August, and its shares have slowly crawled back since Decembe
r. Hong Tao, an analyst from GF Securities, said the tech heavyweight has faced troubles. JD’s adv
anced logistics system, which is its core strength, has been overtaken by Alibaba’s Cainiao Logistics.
JD is in the spotlight as it is reducing salaries for its delivery staff and seeing a round
of shake-ups in its management team. Its chief technology officer Zhang Chen, chief lega
l officer Long Yu, and chief public affairs officer Lan Ye, all announced their resignation within just one month.
The company said in February that it would lay off 10 percent of its senior executives above vice-president level this year.
The 7-coin set contains two gold coins and five silver coins, with a variety of shapes. Designs i
nclude traditional Chinese ornamentation, dragon, phoenix, flowers and bird. All are legal tender.
The coins are made by Shenzhen Guobao Mint, Shenyang Mint and Shanghai Mint.
Under a pilot scheme, the first group of six provinces and cities sold 6.8 billion yuan in bonds
at commercial bank counters to individual buyers between March 22 and early April.
The coupon rates are between 3.01 percent and 3.33 percent, higher than treasury b
onds issued by the central government as well as bank deposits with the same maturity.
Gross local bond issuances hit 1.18 trillion yuan in the first qua
rter, compared with only 219.5 billion yuan in the same period last year.
The total quota for 2019 local government bond issuances is 3.08 trillion yuan, according to the Ministry of Finance.
“About 60 percent of the bonds were issued for ongoing construction, especially
for shantytown renovation projects, railways and roads,” said Hao Lei, head of the ministry’s Budget Department.
While debt financing continues to grow, the government is experiencing sharp declin
es in fiscal revenue growth, especially from tax and land sales, official data showed.
better short-term memory and faster reaction times compared with the control group, acco
rding findings published March 27 in the China-based journal National Science Review.
The study also found that transgenic monkeys’ brains took longer to develop, in a similar fashion to humans.
The experiment has divided the scientific community however, with a number of Western scientists criticizing it as uneth
ical, while some went as far to suggest, perhaps ironically, that it could lead to a Planet of the Apes-type scenario.
The Kunming Institute of Zoology told China Daily in a statement that the experiment was ethically approved in 2010.
In 2015 the animal rights committee of Kunming Biomed International, a research organiza
tion specializing in nonhuman primates, also declared the animals were being treated humanely in every
step of the experiment, in accordance with domestic and international regulations, the statement said.
China’s customs officers have seized 2,748 ivory tusks weighing a combined 7.48 metric tons after cracking a major smuggling case.
It was the biggest haul of tusks ever recorded in an anti-smuggling bust conducted in
dependently by customs officers, the General Administration of Customs said on Monday.
The case was solved in March after a combined operation of differ
ent customs offices lasting three months. A total of 238 custo
ms officers took part from cities around the country, including Hefei, Nanjing, Beijing, Fuzhou and Qingdao.
Twenty suspects were detained for further investigation, accor
ding to Sun Zhijie, director of the administration’s anti-smuggling bureau.
Sun said the tusks, illegally shipped from African countries, were imported into China labeled as wood.
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.