The incident took place due to the pilot's "missed approach", authorities said.
The interest rate of the one-year MLF was set at 2.95 percent, unchanged from its level in May. " (The liquidity offer) can fully meet the needs of financial institutions," said a statement on the PBOC website. The central bank said last week it would conduct such MLF operations to roll over the maturing liquidity this month.
The insurer also teamed up with internet giant Baidu Inc to launch an internet investment fund of 14 billion yuan.
The industry continues to see rush to attract capital chasing in the second half of the year. China's local courier service platform iShansong announced last Tuesday that it had completed its million D1 series financing, and last month saw Chinese online grocery and delivery company Dada-JD Daojia raise 0 million from Walmart and JD, while Chinese city express delivery services platform UUPaotui secured 200 million yuan (.27 million) funding.
The idea of the new economy refers to the smart use of technologies, including the internet and data, to revolutionize and revitalize existing industries. Clearly, China's tech companies are in the driver's seat in terms of global innovation, at least on the application front. They are expanding beyond traditional confines and encroaching into areas from automotives and retail, to cloud computing and logistics.
The industrial output of 11 emerging sectors including machinery, electronics, information and pharmaceuticals exceeded 100 billion yuan last year, he added.
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The imperative to prioritize containment of the contagion in Hubei province and its capital, Wuhan, the outbreak's epicenter, was reiterated and that utmost efforts were needed to treat patients in critical condition, reduce the mortality rate and improve the recovery rate. Local authorities must ensure that each confirmed case is treated and must disclose information in a timely and transparent manner, the statement said.
The inspiring history of China shows it is possible for an African country to move from poverty to prosperity, he added.
The infrastructure push reversed the government's "chronic underspending on infrastructure", according to the Philippine finance department. For the past 50 years, Philippine infrastructure spending averaged only 2.8 percent of the country's GDP. This has since doubled to 5.5 percent in 2018, in line with Duterte's goal of increasing the spending ratio to 7 percent of GDP by 2022.
The infrastructure summit enters its final stage today when high-level government officials and industry captains articulate how Africa plans to tackle its budget deficit while pushing forward infrastructure expansion.