While bank cards, especially credit cards, were being introduced to the market, unlike the West, China still lacked an entrenched credit card culture. The cash-based society is largely resilient despite occasional malaises such as banknote forgery.
While consumption may be partially dented by consumer price index (CPI) hikes due to soaring pork prices in the coming year, Zhu said the ascending CPI is merely structural and is unlikely to trigger shifts in monetary policy.
While welcoming guests to the event, Zhou Pingjian, China's ambassador to Kenya, said the forum was a product of the FOCAC growing into an important and dynamic platform for China and Africa to carry out collective dialogue as well as an effective mechanism for practical cooperation.
While the guideline provides better protection for police officers, Sun said the ministry will continue to push for law enforcement standards and better regulation of police activities so that the public can see justice in every law enforcement action.
While some in the US have applauded Trump's tariffs decisions, Lovely believes that such rejoicing will be short-lived because current policies are short-sighted. "Over the long term, tariffs are unlikely to effectively defend American industry," she said.
While there have not been widespread redemptions from money market funds and total fund assets rose by nearly billion last week, investor demands for cash have been increasing.
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While noting each BRICS member country has its own distinct strengths in regards to sports, Xi said he believes that the BRICS Games will provide a unique opportunity to improve performance, popularize traditional sports, promote sports development and enhance friendship among peoples.
While the "explicitly, officially, repeatedly and unconditionally confirmed" commitments undertaken by the US in that dispute are still unambiguously written in the WTO rulings, Zhang said, the US has now turned its back on them and blatantly taken unilateral measures against China.
While traditional sectors such as oil and coal also reported rising earnings, most notable were the increasing contributions by new sectors such as electronic equipment and medical services, said Li Jin, chief researcher with the China Enterprise Research Institute.
While it is most often the case for Chinese people who work or study in large urban areas to leave for their smaller hometown across the country for a family reunion, they are encouraged to choose a reverse route this year.