Xinhua News Agency, Beijing, April 1 (Reporter Pan Jie) Recently, the reporter learned from the World Bank that the Executive Board of the World Bank has approved two loans totaling 700 million dollars to China, including 380 million dollars to help China cope with water shortage and ecosystem degradation in the Yellow River Basin, and 320 million dollars to help green agriculture and rural development in southwest China.In an announcement, the World Bank said that the $380 million World Bank loan to cope with the water shortage in the Yellow River Basin will be matched with more than $1.1 bil...
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BEIJING, March 31 (Xinhua) -- China will raise the retail prices of gasoline and diesel from Friday, the country's top economic planner said on Thursday.The prices of gasoline and diesel will both increase by 110 yuan (about 17.33 U.S. dollars) per tonne in the seventh consecutive upward adjustment since the end of last year, according to the National Development and Reform Commission.Under the current pricing mechanism, when international crude oil prices change by more than 50 yuan per tonne and remain at that level for 10 working days, the prices of refined oil products such as gasoline...
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KUNMING, March 31 (Xinhua) -- When Tim Scalongne's plane touched down at the airport of southwest China's Yunnan Province in 2004, the Dutchman never thought this would be the start of his decades-long experience with floriculture.Situated at a high altitude and low latitude, the province boasts long sunlight hours and good weather. It provides a pleasant environment for international business people, such as ones from the Netherlands -- the world's biggest fresh-cut flower producer -- to set up their flower farms.Scalongne's first experience in Yunnan was nothing but traveling...
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China's securities regulator said it will work with other government departments to further improve the mechanism on infrastructure real-estate investment trusts (REITs), as part of efforts to better support the real economy.Earlier in April 2020, China initiated a pilot scheme on infrastructure REITs to deepen supply-side structural reform in the financial sector and enhance the capital market's capabilities.The scope of the REIT pilot program should be expanded, the China Securities Regulatory Commission said on Friday.The commission is guiding exchanges to formulate rules for REIT e...
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China's annual commercial real estate investment is expected to exceed 300 billion yuan ($47 billion) for the first time in 2022.It shows that China's economy is on track of recovery this year as countercyclical policies and structural transformation ensure stable growth, said a report issued by CBRE, a commercial real estate services and investment firm.China's commercial real estate investment enjoyed a solid recovery last year as total transaction volume surged 33 percent year-on-year to reach 273 billion yuan. The figure for the coming year is projected to grow between 10 perce...
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