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magazine of the Communist Party of China Central Committee. He said more efforts a
re needed to implement the proactive fiscal policy and boost efficiency this year.
Preventing and defusing local governments’ hidden debt risks is key to controlling major risks, he said.
Innovative financial tools will be introduced for debt swaps, and the indebted comp
anies will be allowed to choose the same way, under guidance from the local governments, Liu Shangxi, hea
d of the Chinese Academy of Fiscal Sciences, the Ministry of Finance’s think tank, told China Daily.
“The total amount of hidden debt waiting to be swapped has not yet been calculated, as this
round of debt swaps will not involve the government’s administrative orders, but depends on the ma
rket’s appetite based on the evaluation of the potential default risks and the companies’ solvency,” he said.
above living with chronic diseases in China. Of those, 44 million
were fully or partially disabled and in need of regular nursing services, she said.
“With more nurses and nurse’s aides, the demand for nursing services from the elderly will be gradually met,” she said.
The commission will also encourage community health centers to provide more nursin
g services for the elderly in neighborhoods, Jiao said. They would include more beds and setting up day-care centers.
Regulations will also be released to encourage community health centers to pro
vide beds to the elderly at home, so family doctors can provide treatment there, she said.
“The disabled, whether fully or partial, will be the priority in nursing services,” Jiao sa
id. “We will release a detailed standard for evaluating nursing services for the disabled elderly
on the new science and technology innovation board, which will pilot the registration-based IPO system, according to Xinhua.
To accommodate the progress of reforms and development of the capital market, other modifications have also been made, cov
ering public issuance of securities, securities trading, and the protection of investors’ rights and interests, Xinhua said.
Dong expects the latest version to legitimize registration-based IPO systems not only
on the new board, but also across China’s whole A-share market. “Once the system achieves success on the n
ew board, it should be adopted on other submarkets as soon as possible,” Dong said.
President Xi Jinping announced in November that China will launch the S&T innovation board and pilot the registr
ation-based IPO system. Analysts expect the new board to begin trading around the middle of this year.
“The latest draft is expected to make comprehensive revisions, and it could go a long way
toward restoring public investors’ confidence and modernizing the regulation and governance of the ca
pital market,” said Liu Junhai, director of the Business Law Center at Renmin University of China.
Guests like Austrian ambassador to China Friedrich Stift, p
erformances from the Strauss Festival Orchestra Vienna, and reality TV star Allen Wu as
host have made the event the most talked-about on Beijing’s April social calendar.
The dapperly attendees and the venue at the Kempinski Hotel Beijing Lufthansa Center, a lux
ury hotel in downtown Beijing, will make April 13 a night of waltz, high fashion and haute cuisine.
With tickets priced 1,500 yuan ($224), the ball has sold out every ye
ar during its five-year history in Beijing, according to organizer, the Kempinski Hotel.
In this video interview with China Daily’s website, both the ambassador and Brice Péan, mana
ging director of the Kempinski Hotel, give a preview of what to expect at this year’s ball.
insk and covering an area of 91.5 square kilometers, is the first special economic area in Bela
rus and the largest intergovernmental cooperation project between China and Belarus.
The industrial park is stepping up efforts to attract more global investors, with 43 companies registered by the end of February.
Among the 43 companies, 26 are from China, 10 from Belarus, and seven from other countries, like the United States and Ru
ssia. The companies have signed agreements to make total investments of more than $1 billion in the park.
The China-funded Djibouti International Free Trade Zone, which started construction in January 2017, opened on July 5, 2018.
Covering an area of 48.2 sq km, the zone is operated by a join
t venture with investment by Chinese enterprises, including China Merchan
ts Holdings and Dalian Port Corp Ltd, as well as the Djibouti Ports and Free Zone Authority.
More than 20 enterprises from the commerce, logistic, processing sectors have signed letters of intent to re
gister with the FTZ, as infrastructure in the first phase of the FTZ, which covers an area of 6 sq km, has been basically completed.
The FTZ is expected to become a crucial junction linking other African countries involved in the Belt and Road Initiative, and
make Djibouti, the small northeast African country, a marine logistics hub linking Africa, Asia and Europe.