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博彩公司05520永利娱乐场

发布时间:2020-01-21 05:25:10 来源:优博时时彩平台

  博彩公司05520永利娱乐场资料图:长征五号遥三火箭成功发射实践二十号卫星。资料图:长征五号遥三火箭成功发射实践二十号卫星。

  Technologycompaniesdominatedthisyear'sFortune500listreleasedonMonday,withApple,Amazon,Alphabet,Microsoft,andIBM,amongothers,allinthetop50.Appledroppedfromlastyear'sNo.3tothefourthplacedespitea6percentgaininannualsales,butitledthewayinprofitswithmorethan48billionU.S.dollarsinnetincome,accordingtothelist.Amazoncrackedthetop10forthefirsttime,continuingitsremarkablegrowthrun:Saleshavejumpedsome70billiondollarsintwoyears.Amazon'senormitystemsfromitsroleasthelargestU.S.digitalretailer,thefastest-growingpartofthemarket.Sharesofthecompanyrose0.35percenttotradeat1,579.91dollarsapieceinearlytradingonMonday.Apple,Alphabet,Microsoft,andAmazonwerethetopfourinmarketvalueasofMarch29thisyear,accordingtothelist.TheyarefollowedbyBerkshireHathaway,Facebook,andJPMorganChase.Fortunerankstheworld'stopcompaniesbyrevenueeachyearand2018marksthe64thrunningofthelist.Thisyear'sFortune500companiesrepresenttwo-thirdsoftheU.S.GDPwith12.8trilliondollarsinrevenues,1.0trilliondollarsinprofits,21.6trilliondollarsinmarketvalue,andemploy28.2millionpeopleworldwide.Walmart,ExxonMobil,BerkshireHathaway,Apple,UnitedHealthGroup,McKesson,CVSHealth,Amazon,ATT,andGeneralMotorsmadethetop10thisyear.Amongthem,ExxonMobilandGeneralMotorshavebeenonthelisteveryyearsinceitstartedin1955.  PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.

  PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.

  PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.  中国探月工程分为“绕、落、回”三个阶段。

  Technologycompaniesdominatedthisyear'sFortune500listreleasedonMonday,withApple,Amazon,Alphabet,Microsoft,andIBM,amongothers,allinthetop50.Appledroppedfromlastyear'sNo.3tothefourthplacedespitea6percentgaininannualsales,butitledthewayinprofitswithmorethan48billionU.S.dollarsinnetincome,accordingtothelist.Amazoncrackedthetop10forthefirsttime,continuingitsremarkablegrowthrun:Saleshavejumpedsome70billiondollarsintwoyears.Amazon'senormitystemsfromitsroleasthelargestU.S.digitalretailer,thefastest-growingpartofthemarket.Sharesofthecompanyrose0.35percenttotradeat1,579.91dollarsapieceinearlytradingonMonday.Apple,Alphabet,Microsoft,andAmazonwerethetopfourinmarketvalueasofMarch29thisyear,accordingtothelist.TheyarefollowedbyBerkshireHathaway,Facebook,andJPMorganChase.Fortunerankstheworld'stopcompaniesbyrevenueeachyearand2018marksthe64thrunningofthelist.Thisyear'sFortune500companiesrepresenttwo-thirdsoftheU.S.GDPwith12.8trilliondollarsinrevenues,1.0trilliondollarsinprofits,21.6trilliondollarsinmarketvalue,andemploy28.2millionpeopleworldwide.Walmart,ExxonMobil,BerkshireHathaway,Apple,UnitedHealthGroup,McKesson,CVSHealth,Amazon,ATT,andGeneralMotorsmadethetop10thisyear.Amongthem,ExxonMobilandGeneralMotorshavebeenonthelisteveryyearsinceitstartedin1955.  PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.

  PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.PresidentXiJinpinghasencouragedChina'sauditofficestoassumetheirdutiesacrosstheboard,carryoutauditsinaccordancewiththelawandrefinetheirinstitutionsandmechanisms.XimadetheremarkinaninstructiontooutstandingauditingunitsandworkerscommendedrecentlybythreePartyandStatedepartments.Xiisheadofthecentralauditingcommittee,anorganformedintheinstitutionalreformofPartyandStatebodiesinMarch2018.Auditoffices,undertheunifiedleadershipoftheCPCCentralCommittee,mustadapttonewdemandsintheneweraandfocuscloselyontheoverallworkofthePartyandtheStateincomprehensivelyassumingtheirduties,Xisaidintheinstruction.HeurgedthemtomakegreatercontributionstothemodernizationofChina'sgovernancesystemanditscapacityforgovernance.HealsocommendedauditofficesforfullyimplementingthedecisionsandplansoftheCPCCentralCommittee,carryingouttheirdutiesinlinewiththelawandconductingtheirworkinaconcreteanddiligentmanner.TheyhaveplayedimportantrolesinensuringthatthedecisionsmadebytheCPCcanbethoroughlycarriedout,helpingtowinthethreecriticalbattlesagainstpotentialrisks,povertyandpollution,andsafeguardingtheorderoffinancialandeconomicaffairs,hesaid.Healsopraisedthemforhelpingtosafeguardandimprovepeople'slivelihoodsandpromotecleangovernance.Themodelworkersandunitswerecommendedrecentlybytheofficeofthecentralauditingcommittee,theMinistryofHumanResourcesandSocialSecurityandtheNationalAuditOffice.PremierLiKeqiangandZhaoLeji,secretaryoftheCentralCommissionforDisciplineInspection,thecountry'stopanti-graftwatchdog,metwithrepresentativesoftheunitsandworkersinBeijingonThursday.LiandZhaoarebothdeputydirectorsofthecentralauditingcommittee.ChinesePremierLiKeqiangandSecretaryoftheCommunistPartyofChina(CPC)CentralCommissionforDisciplineInspectionZhaoLeji,bothmembersoftheStandingCommitteeofthePoliticalBureauoftheCPCCentralCommitteeandviceheadsofthecentralauditingcommittee,meetwithrepresentativesofoutstandingunitsandindividualsofthecountry'sauditingorgansinBeijing,capitalofChina,Jan.2,2020.(Xinhua/YaoDawei)

  Technologycompaniesdominatedthisyear'sFortune500listreleasedonMonday,withApple,Amazon,Alphabet,Microsoft,andIBM,amongothers,allinthetop50.Appledroppedfromlastyear'sNo.3tothefourthplacedespitea6percentgaininannualsales,butitledthewayinprofitswithmorethan48billionU.S.dollarsinnetincome,accordingtothelist.Amazoncrackedthetop10forthefirsttime,continuingitsremarkablegrowthrun:Saleshavejumpedsome70billiondollarsintwoyears.Amazon'senormitystemsfromitsroleasthelargestU.S.digitalretailer,thefastest-growingpartofthemarket.Sharesofthecompanyrose0.35percenttotradeat1,579.91dollarsapieceinearlytradingonMonday.Apple,Alphabet,Microsoft,andAmazonwerethetopfourinmarketvalueasofMarch29thisyear,accordingtothelist.TheyarefollowedbyBerkshireHathaway,Facebook,andJPMorganChase.Fortunerankstheworld'stopcompaniesbyrevenueeachyearand2018marksthe64thrunningofthelist.Thisyear'sFortune500companiesrepresenttwo-thirdsoftheU.S.GDPwith12.8trilliondollarsinrevenues,1.0trilliondollarsinprofits,21.6trilliondollarsinmarketvalue,andemploy28.2millionpeopleworldwide.Walmart,ExxonMobil,BerkshireHathaway,Apple,UnitedHealthGroup,McKesson,CVSHealth,Amazon,ATT,andGeneralMotorsmadethetop10thisyear.Amongthem,ExxonMobilandGeneralMotorshavebeenonthelisteveryyearsinceitstartedin1955.  PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.

  资料图:长征五号遥三火箭成功发射实践二十号卫星。PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.

  资料图:长征五号遥三火箭成功发射实践二十号卫星。PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.

  PresidentXiJinpinghasencouragedChina'sauditofficestoassumetheirdutiesacrosstheboard,carryoutauditsinaccordancewiththelawandrefinetheirinstitutionsandmechanisms.XimadetheremarkinaninstructiontooutstandingauditingunitsandworkerscommendedrecentlybythreePartyandStatedepartments.Xiisheadofthecentralauditingcommittee,anorganformedintheinstitutionalreformofPartyandStatebodiesinMarch2018.Auditoffices,undertheunifiedleadershipoftheCPCCentralCommittee,mustadapttonewdemandsintheneweraandfocuscloselyontheoverallworkofthePartyandtheStateincomprehensivelyassumingtheirduties,Xisaidintheinstruction.HeurgedthemtomakegreatercontributionstothemodernizationofChina'sgovernancesystemanditscapacityforgovernance.HealsocommendedauditofficesforfullyimplementingthedecisionsandplansoftheCPCCentralCommittee,carryingouttheirdutiesinlinewiththelawandconductingtheirworkinaconcreteanddiligentmanner.TheyhaveplayedimportantrolesinensuringthatthedecisionsmadebytheCPCcanbethoroughlycarriedout,helpingtowinthethreecriticalbattlesagainstpotentialrisks,povertyandpollution,andsafeguardingtheorderoffinancialandeconomicaffairs,hesaid.Healsopraisedthemforhelpingtosafeguardandimprovepeople'slivelihoodsandpromotecleangovernance.Themodelworkersandunitswerecommendedrecentlybytheofficeofthecentralauditingcommittee,theMinistryofHumanResourcesandSocialSecurityandtheNationalAuditOffice.PremierLiKeqiangandZhaoLeji,secretaryoftheCentralCommissionforDisciplineInspection,thecountry'stopanti-graftwatchdog,metwithrepresentativesoftheunitsandworkersinBeijingonThursday.LiandZhaoarebothdeputydirectorsofthecentralauditingcommittee.ChinesePremierLiKeqiangandSecretaryoftheCommunistPartyofChina(CPC)CentralCommissionforDisciplineInspectionZhaoLeji,bothmembersoftheStandingCommitteeofthePoliticalBureauoftheCPCCentralCommitteeandviceheadsofthecentralauditingcommittee,meetwithrepresentativesofoutstandingunitsandindividualsofthecountry'sauditingorgansinBeijing,capitalofChina,Jan.2,2020.(Xinhua/YaoDawei)PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.

  PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.

  按照计划,2020年,中国将通过长征五号火箭发射火星探测器,并通过一次发射实现火星环绕、着陆和巡视探测。Technologycompaniesdominatedthisyear'sFortune500listreleasedonMonday,withApple,Amazon,Alphabet,Microsoft,andIBM,amongothers,allinthetop50.Appledroppedfromlastyear'sNo.3tothefourthplacedespitea6percentgaininannualsales,butitledthewayinprofitswithmorethan48billionU.S.dollarsinnetincome,accordingtothelist.Amazoncrackedthetop10forthefirsttime,continuingitsremarkablegrowthrun:Saleshavejumpedsome70billiondollarsintwoyears.Amazon'senormitystemsfromitsroleasthelargestU.S.digitalretailer,thefastest-growingpartofthemarket.Sharesofthecompanyrose0.35percenttotradeat1,579.91dollarsapieceinearlytradingonMonday.Apple,Alphabet,Microsoft,andAmazonwerethetopfourinmarketvalueasofMarch29thisyear,accordingtothelist.TheyarefollowedbyBerkshireHathaway,Facebook,andJPMorganChase.Fortunerankstheworld'stopcompaniesbyrevenueeachyearand2018marksthe64thrunningofthelist.Thisyear'sFortune500companiesrepresenttwo-thirdsoftheU.S.GDPwith12.8trilliondollarsinrevenues,1.0trilliondollarsinprofits,21.6trilliondollarsinmarketvalue,andemploy28.2millionpeopleworldwide.Walmart,ExxonMobil,BerkshireHathaway,Apple,UnitedHealthGroup,McKesson,CVSHealth,Amazon,ATT,andGeneralMotorsmadethetop10thisyear.Amongthem,ExxonMobilandGeneralMotorshavebeenonthelisteveryyearsinceitstartedin1955.  

  资料图:长征五号遥三火箭成功发射实践二十号卫星。PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.

  资料图:长征五号遥三火箭成功发射实践二十号卫星。PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.

  Technologycompaniesdominatedthisyear'sFortune500listreleasedonMonday,withApple,Amazon,Alphabet,Microsoft,andIBM,amongothers,allinthetop50.Appledroppedfromlastyear'sNo.3tothefourthplacedespitea6percentgaininannualsales,butitledthewayinprofitswithmorethan48billionU.S.dollarsinnetincome,accordingtothelist.Amazoncrackedthetop10forthefirsttime,continuingitsremarkablegrowthrun:Saleshavejumpedsome70billiondollarsintwoyears.Amazon'senormitystemsfromitsroleasthelargestU.S.digitalretailer,thefastest-growingpartofthemarket.Sharesofthecompanyrose0.35percenttotradeat1,579.91dollarsapieceinearlytradingonMonday.Apple,Alphabet,Microsoft,andAmazonwerethetopfourinmarketvalueasofMarch29thisyear,accordingtothelist.TheyarefollowedbyBerkshireHathaway,Facebook,andJPMorganChase.Fortunerankstheworld'stopcompaniesbyrevenueeachyearand2018marksthe64thrunningofthelist.Thisyear'sFortune500companiesrepresenttwo-thirdsoftheU.S.GDPwith12.8trilliondollarsinrevenues,1.0trilliondollarsinprofits,21.6trilliondollarsinmarketvalue,andemploy28.2millionpeopleworldwide.Walmart,ExxonMobil,BerkshireHathaway,Apple,UnitedHealthGroup,McKesson,CVSHealth,Amazon,ATT,andGeneralMotorsmadethetop10thisyear.Amongthem,ExxonMobilandGeneralMotorshavebeenonthelisteveryyearsinceitstartedin1955.  (完)

  Technologycompaniesdominatedthisyear'sFortune500listreleasedonMonday,withApple,Amazon,Alphabet,Microsoft,andIBM,amongothers,allinthetop50.Appledroppedfromlastyear'sNo.3tothefourthplacedespitea6percentgaininannualsales,butitledthewayinprofitswithmorethan48billionU.S.dollarsinnetincome,accordingtothelist.Amazoncrackedthetop10forthefirsttime,continuingitsremarkablegrowthrun:Saleshavejumpedsome70billiondollarsintwoyears.Amazon'senormitystemsfromitsroleasthelargestU.S.digitalretailer,thefastest-growingpartofthemarket.Sharesofthecompanyrose0.35percenttotradeat1,579.91dollarsapieceinearlytradingonMonday.Apple,Alphabet,Microsoft,andAmazonwerethetopfourinmarketvalueasofMarch29thisyear,accordingtothelist.TheyarefollowedbyBerkshireHathaway,Facebook,andJPMorganChase.Fortunerankstheworld'stopcompaniesbyrevenueeachyearand2018marksthe64thrunningofthelist.Thisyear'sFortune500companiesrepresenttwo-thirdsoftheU.S.GDPwith12.8trilliondollarsinrevenues,1.0trilliondollarsinprofits,21.6trilliondollarsinmarketvalue,andemploy28.2millionpeopleworldwide.Walmart,ExxonMobil,BerkshireHathaway,Apple,UnitedHealthGroup,McKesson,CVSHealth,Amazon,ATT,andGeneralMotorsmadethetop10thisyear.Amongthem,ExxonMobilandGeneralMotorshavebeenonthelisteveryyearsinceitstartedin1955.  Technologycompaniesdominatedthisyear'sFortune500listreleasedonMonday,withApple,Amazon,Alphabet,Microsoft,andIBM,amongothers,allinthetop50.Appledroppedfromlastyear'sNo.3tothefourthplacedespitea6percentgaininannualsales,butitledthewayinprofitswithmorethan48billionU.S.dollarsinnetincome,accordingtothelist.Amazoncrackedthetop10forthefirsttime,continuingitsremarkablegrowthrun:Saleshavejumpedsome70billiondollarsintwoyears.Amazon'senormitystemsfromitsroleasthelargestU.S.digitalretailer,thefastest-growingpartofthemarket.Sharesofthecompanyrose0.35percenttotradeat1,579.91dollarsapieceinearlytradingonMonday.Apple,Alphabet,Microsoft,andAmazonwerethetopfourinmarketvalueasofMarch29thisyear,accordingtothelist.TheyarefollowedbyBerkshireHathaway,Facebook,andJPMorganChase.Fortunerankstheworld'stopcompaniesbyrevenueeachyearand2018marksthe64thrunningofthelist.Thisyear'sFortune500companiesrepresenttwo-thirdsoftheU.S.GDPwith12.8trilliondollarsinrevenues,1.0trilliondollarsinprofits,21.6trilliondollarsinmarketvalue,andemploy28.2millionpeopleworldwide.Walmart,ExxonMobil,BerkshireHathaway,Apple,UnitedHealthGroup,McKesson,CVSHealth,Amazon,ATT,andGeneralMotorsmadethetop10thisyear.Amongthem,ExxonMobilandGeneralMotorshavebeenonthelisteveryyearsinceitstartedin1955.  

  (完)PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.

  PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.

  PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.Technologycompaniesdominatedthisyear'sFortune500listreleasedonMonday,withApple,Amazon,Alphabet,Microsoft,andIBM,amongothers,allinthetop50.Appledroppedfromlastyear'sNo.3tothefourthplacedespitea6percentgaininannualsales,butitledthewayinprofitswithmorethan48billionU.S.dollarsinnetincome,accordingtothelist.Amazoncrackedthetop10forthefirsttime,continuingitsremarkablegrowthrun:Saleshavejumpedsome70billiondollarsintwoyears.Amazon'senormitystemsfromitsroleasthelargestU.S.digitalretailer,thefastest-growingpartofthemarket.Sharesofthecompanyrose0.35percenttotradeat1,579.91dollarsapieceinearlytradingonMonday.Apple,Alphabet,Microsoft,andAmazonwerethetopfourinmarketvalueasofMarch29thisyear,accordingtothelist.TheyarefollowedbyBerkshireHathaway,Facebook,andJPMorganChase.Fortunerankstheworld'stopcompaniesbyrevenueeachyearand2018marksthe64thrunningofthelist.Thisyear'sFortune500companiesrepresenttwo-thirdsoftheU.S.GDPwith12.8trilliondollarsinrevenues,1.0trilliondollarsinprofits,21.6trilliondollarsinmarketvalue,andemploy28.2millionpeopleworldwide.Walmart,ExxonMobil,BerkshireHathaway,Apple,UnitedHealthGroup,McKesson,CVSHealth,Amazon,ATT,andGeneralMotorsmadethetop10thisyear.Amongthem,ExxonMobilandGeneralMotorshavebeenonthelisteveryyearsinceitstartedin1955.  

  PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.Technologycompaniesdominatedthisyear'sFortune500listreleasedonMonday,withApple,Amazon,Alphabet,Microsoft,andIBM,amongothers,allinthetop50.Appledroppedfromlastyear'sNo.3tothefourthplacedespitea6percentgaininannualsales,butitledthewayinprofitswithmorethan48billionU.S.dollarsinnetincome,accordingtothelist.Amazoncrackedthetop10forthefirsttime,continuingitsremarkablegrowthrun:Saleshavejumpedsome70billiondollarsintwoyears.Amazon'senormitystemsfromitsroleasthelargestU.S.digitalretailer,thefastest-growingpartofthemarket.Sharesofthecompanyrose0.35percenttotradeat1,579.91dollarsapieceinearlytradingonMonday.Apple,Alphabet,Microsoft,andAmazonwerethetopfourinmarketvalueasofMarch29thisyear,accordingtothelist.TheyarefollowedbyBerkshireHathaway,Facebook,andJPMorganChase.Fortunerankstheworld'stopcompaniesbyrevenueeachyearand2018marksthe64thrunningofthelist.Thisyear'sFortune500companiesrepresenttwo-thirdsoftheU.S.GDPwith12.8trilliondollarsinrevenues,1.0trilliondollarsinprofits,21.6trilliondollarsinmarketvalue,andemploy28.2millionpeopleworldwide.Walmart,ExxonMobil,BerkshireHathaway,Apple,UnitedHealthGroup,McKesson,CVSHealth,Amazon,ATT,andGeneralMotorsmadethetop10thisyear.Amongthem,ExxonMobilandGeneralMotorshavebeenonthelisteveryyearsinceitstartedin1955.  

  PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.Technologycompaniesdominatedthisyear'sFortune500listreleasedonMonday,withApple,Amazon,Alphabet,Microsoft,andIBM,amongothers,allinthetop50.Appledroppedfromlastyear'sNo.3tothefourthplacedespitea6percentgaininannualsales,butitledthewayinprofitswithmorethan48billionU.S.dollarsinnetincome,accordingtothelist.Amazoncrackedthetop10forthefirsttime,continuingitsremarkablegrowthrun:Saleshavejumpedsome70billiondollarsintwoyears.Amazon'senormitystemsfromitsroleasthelargestU.S.digitalretailer,thefastest-growingpartofthemarket.Sharesofthecompanyrose0.35percenttotradeat1,579.91dollarsapieceinearlytradingonMonday.Apple,Alphabet,Microsoft,andAmazonwerethetopfourinmarketvalueasofMarch29thisyear,accordingtothelist.TheyarefollowedbyBerkshireHathaway,Facebook,andJPMorganChase.Fortunerankstheworld'stopcompaniesbyrevenueeachyearand2018marksthe64thrunningofthelist.Thisyear'sFortune500companiesrepresenttwo-thirdsoftheU.S.GDPwith12.8trilliondollarsinrevenues,1.0trilliondollarsinprofits,21.6trilliondollarsinmarketvalue,andemploy28.2millionpeopleworldwide.Walmart,ExxonMobil,BerkshireHathaway,Apple,UnitedHealthGroup,McKesson,CVSHealth,Amazon,ATT,andGeneralMotorsmadethetop10thisyear.Amongthem,ExxonMobilandGeneralMotorshavebeenonthelisteveryyearsinceitstartedin1955.  

  Technologycompaniesdominatedthisyear'sFortune500listreleasedonMonday,withApple,Amazon,Alphabet,Microsoft,andIBM,amongothers,allinthetop50.Appledroppedfromlastyear'sNo.3tothefourthplacedespitea6percentgaininannualsales,butitledthewayinprofitswithmorethan48billionU.S.dollarsinnetincome,accordingtothelist.Amazoncrackedthetop10forthefirsttime,continuingitsremarkablegrowthrun:Saleshavejumpedsome70billiondollarsintwoyears.Amazon'senormitystemsfromitsroleasthelargestU.S.digitalretailer,thefastest-growingpartofthemarket.Sharesofthecompanyrose0.35percenttotradeat1,579.91dollarsapieceinearlytradingonMonday.Apple,Alphabet,Microsoft,andAmazonwerethetopfourinmarketvalueasofMarch29thisyear,accordingtothelist.TheyarefollowedbyBerkshireHathaway,Facebook,andJPMorganChase.Fortunerankstheworld'stopcompaniesbyrevenueeachyearand2018marksthe64thrunningofthelist.Thisyear'sFortune500companiesrepresenttwo-thirdsoftheU.S.GDPwith12.8trilliondollarsinrevenues,1.0trilliondollarsinprofits,21.6trilliondollarsinmarketvalue,andemploy28.2millionpeopleworldwide.Walmart,ExxonMobil,BerkshireHathaway,Apple,UnitedHealthGroup,McKesson,CVSHealth,Amazon,ATT,andGeneralMotorsmadethetop10thisyear.Amongthem,ExxonMobilandGeneralMotorshavebeenonthelisteveryyearsinceitstartedin1955.  资料图:长征五号遥三火箭成功发射实践二十号卫星。

  资料图:长征五号遥三火箭成功发射实践二十号卫星。资料图:长征五号遥三火箭成功发射实践二十号卫星。

  PresidentXiJinpinghasencouragedChina'sauditofficestoassumetheirdutiesacrosstheboard,carryoutauditsinaccordancewiththelawandrefinetheirinstitutionsandmechanisms.XimadetheremarkinaninstructiontooutstandingauditingunitsandworkerscommendedrecentlybythreePartyandStatedepartments.Xiisheadofthecentralauditingcommittee,anorganformedintheinstitutionalreformofPartyandStatebodiesinMarch2018.Auditoffices,undertheunifiedleadershipoftheCPCCentralCommittee,mustadapttonewdemandsintheneweraandfocuscloselyontheoverallworkofthePartyandtheStateincomprehensivelyassumingtheirduties,Xisaidintheinstruction.HeurgedthemtomakegreatercontributionstothemodernizationofChina'sgovernancesystemanditscapacityforgovernance.HealsocommendedauditofficesforfullyimplementingthedecisionsandplansoftheCPCCentralCommittee,carryingouttheirdutiesinlinewiththelawandconductingtheirworkinaconcreteanddiligentmanner.TheyhaveplayedimportantrolesinensuringthatthedecisionsmadebytheCPCcanbethoroughlycarriedout,helpingtowinthethreecriticalbattlesagainstpotentialrisks,povertyandpollution,andsafeguardingtheorderoffinancialandeconomicaffairs,hesaid.Healsopraisedthemforhelpingtosafeguardandimprovepeople'slivelihoodsandpromotecleangovernance.Themodelworkersandunitswerecommendedrecentlybytheofficeofthecentralauditingcommittee,theMinistryofHumanResourcesandSocialSecurityandtheNationalAuditOffice.PremierLiKeqiangandZhaoLeji,secretaryoftheCentralCommissionforDisciplineInspection,thecountry'stopanti-graftwatchdog,metwithrepresentativesoftheunitsandworkersinBeijingonThursday.LiandZhaoarebothdeputydirectorsofthecentralauditingcommittee.ChinesePremierLiKeqiangandSecretaryoftheCommunistPartyofChina(CPC)CentralCommissionforDisciplineInspectionZhaoLeji,bothmembersoftheStandingCommitteeofthePoliticalBureauoftheCPCCentralCommitteeandviceheadsofthecentralauditingcommittee,meetwithrepresentativesofoutstandingunitsandindividualsofthecountry'sauditingorgansinBeijing,capitalofChina,Jan.2,2020.(Xinhua/YaoDawei)资料图:长征五号遥三火箭成功发射实践二十号卫星。

  Technologycompaniesdominatedthisyear'sFortune500listreleasedonMonday,withApple,Amazon,Alphabet,Microsoft,andIBM,amongothers,allinthetop50.Appledroppedfromlastyear'sNo.3tothefourthplacedespitea6percentgaininannualsales,butitledthewayinprofitswithmorethan48billionU.S.dollarsinnetincome,accordingtothelist.Amazoncrackedthetop10forthefirsttime,continuingitsremarkablegrowthrun:Saleshavejumpedsome70billiondollarsintwoyears.Amazon'senormitystemsfromitsroleasthelargestU.S.digitalretailer,thefastest-growingpartofthemarket.Sharesofthecompanyrose0.35percenttotradeat1,579.91dollarsapieceinearlytradingonMonday.Apple,Alphabet,Microsoft,andAmazonwerethetopfourinmarketvalueasofMarch29thisyear,accordingtothelist.TheyarefollowedbyBerkshireHathaway,Facebook,andJPMorganChase.Fortunerankstheworld'stopcompaniesbyrevenueeachyearand2018marksthe64thrunningofthelist.Thisyear'sFortune500companiesrepresenttwo-thirdsoftheU.S.GDPwith12.8trilliondollarsinrevenues,1.0trilliondollarsinprofits,21.6trilliondollarsinmarketvalue,andemploy28.2millionpeopleworldwide.Walmart,ExxonMobil,BerkshireHathaway,Apple,UnitedHealthGroup,McKesson,CVSHealth,Amazon,ATT,andGeneralMotorsmadethetop10thisyear.Amongthem,ExxonMobilandGeneralMotorshavebeenonthelisteveryyearsinceitstartedin1955.  资料图:长征五号遥三火箭成功发射实践二十号卫星。

  PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.

  资料图:长征五号遥三火箭成功发射实践二十号卫星。PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.

  资料图:长征五号遥三火箭成功发射实践二十号卫星。资料图:长征五号遥三火箭成功发射实践二十号卫星。

  PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.PresidentXiJinpinghasencouragedChina'sauditofficestoassumetheirdutiesacrosstheboard,carryoutauditsinaccordancewiththelawandrefinetheirinstitutionsandmechanisms.XimadetheremarkinaninstructiontooutstandingauditingunitsandworkerscommendedrecentlybythreePartyandStatedepartments.Xiisheadofthecentralauditingcommittee,anorganformedintheinstitutionalreformofPartyandStatebodiesinMarch2018.Auditoffices,undertheunifiedleadershipoftheCPCCentralCommittee,mustadapttonewdemandsintheneweraandfocuscloselyontheoverallworkofthePartyandtheStateincomprehensivelyassumingtheirduties,Xisaidintheinstruction.HeurgedthemtomakegreatercontributionstothemodernizationofChina'sgovernancesystemanditscapacityforgovernance.HealsocommendedauditofficesforfullyimplementingthedecisionsandplansoftheCPCCentralCommittee,carryingouttheirdutiesinlinewiththelawandconductingtheirworkinaconcreteanddiligentmanner.TheyhaveplayedimportantrolesinensuringthatthedecisionsmadebytheCPCcanbethoroughlycarriedout,helpingtowinthethreecriticalbattlesagainstpotentialrisks,povertyandpollution,andsafeguardingtheorderoffinancialandeconomicaffairs,hesaid.Healsopraisedthemforhelpingtosafeguardandimprovepeople'slivelihoodsandpromotecleangovernance.Themodelworkersandunitswerecommendedrecentlybytheofficeofthecentralauditingcommittee,theMinistryofHumanResourcesandSocialSecurityandtheNationalAuditOffice.PremierLiKeqiangandZhaoLeji,secretaryoftheCentralCommissionforDisciplineInspection,thecountry'stopanti-graftwatchdog,metwithrepresentativesoftheunitsandworkersinBeijingonThursday.LiandZhaoarebothdeputydirectorsofthecentralauditingcommittee.ChinesePremierLiKeqiangandSecretaryoftheCommunistPartyofChina(CPC)CentralCommissionforDisciplineInspectionZhaoLeji,bothmembersoftheStandingCommitteeofthePoliticalBureauoftheCPCCentralCommitteeandviceheadsofthecentralauditingcommittee,meetwithrepresentativesofoutstandingunitsandindividualsofthecountry'sauditingorgansinBeijing,capitalofChina,Jan.2,2020.(Xinhua/YaoDawei)

  PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.资料图:长征五号遥三火箭成功发射实践二十号卫星。

  PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.

  此外,中国还将实施亚太6D卫星、卫星互联网融合试验星等商业卫星发射,并实施多型装备型号飞行试验任务。  目前,中国正在开展首次火星探测工程的研制工作。

  PresidentXiJinpinghasencouragedChina'sauditofficestoassumetheirdutiesacrosstheboard,carryoutauditsinaccordancewiththelawandrefinetheirinstitutionsandmechanisms.XimadetheremarkinaninstructiontooutstandingauditingunitsandworkerscommendedrecentlybythreePartyandStatedepartments.Xiisheadofthecentralauditingcommittee,anorganformedintheinstitutionalreformofPartyandStatebodiesinMarch2018.Auditoffices,undertheunifiedleadershipoftheCPCCentralCommittee,mustadapttonewdemandsintheneweraandfocuscloselyontheoverallworkofthePartyandtheStateincomprehensivelyassumingtheirduties,Xisaidintheinstruction.HeurgedthemtomakegreatercontributionstothemodernizationofChina'sgovernancesystemanditscapacityforgovernance.HealsocommendedauditofficesforfullyimplementingthedecisionsandplansoftheCPCCentralCommittee,carryingouttheirdutiesinlinewiththelawandconductingtheirworkinaconcreteanddiligentmanner.TheyhaveplayedimportantrolesinensuringthatthedecisionsmadebytheCPCcanbethoroughlycarriedout,helpingtowinthethreecriticalbattlesagainstpotentialrisks,povertyandpollution,andsafeguardingtheorderoffinancialandeconomicaffairs,hesaid.Healsopraisedthemforhelpingtosafeguardandimprovepeople'slivelihoodsandpromotecleangovernance.Themodelworkersandunitswerecommendedrecentlybytheofficeofthecentralauditingcommittee,theMinistryofHumanResourcesandSocialSecurityandtheNationalAuditOffice.PremierLiKeqiangandZhaoLeji,secretaryoftheCentralCommissionforDisciplineInspection,thecountry'stopanti-graftwatchdog,metwithrepresentativesoftheunitsandworkersinBeijingonThursday.LiandZhaoarebothdeputydirectorsofthecentralauditingcommittee.ChinesePremierLiKeqiangandSecretaryoftheCommunistPartyofChina(CPC)CentralCommissionforDisciplineInspectionZhaoLeji,bothmembersoftheStandingCommitteeofthePoliticalBureauoftheCPCCentralCommitteeandviceheadsofthecentralauditingcommittee,meetwithrepresentativesofoutstandingunitsandindividualsofthecountry'sauditingorgansinBeijing,capitalofChina,Jan.2,2020.(Xinhua/YaoDawei)PresidentXiJinpinghasencouragedChina'sauditofficestoassumetheirdutiesacrosstheboard,carryoutauditsinaccordancewiththelawandrefinetheirinstitutionsandmechanisms.XimadetheremarkinaninstructiontooutstandingauditingunitsandworkerscommendedrecentlybythreePartyandStatedepartments.Xiisheadofthecentralauditingcommittee,anorganformedintheinstitutionalreformofPartyandStatebodiesinMarch2018.Auditoffices,undertheunifiedleadershipoftheCPCCentralCommittee,mustadapttonewdemandsintheneweraandfocuscloselyontheoverallworkofthePartyandtheStateincomprehensivelyassumingtheirduties,Xisaidintheinstruction.HeurgedthemtomakegreatercontributionstothemodernizationofChina'sgovernancesystemanditscapacityforgovernance.HealsocommendedauditofficesforfullyimplementingthedecisionsandplansoftheCPCCentralCommittee,carryingouttheirdutiesinlinewiththelawandconductingtheirworkinaconcreteanddiligentmanner.TheyhaveplayedimportantrolesinensuringthatthedecisionsmadebytheCPCcanbethoroughlycarriedout,helpingtowinthethreecriticalbattlesagainstpotentialrisks,povertyandpollution,andsafeguardingtheorderoffinancialandeconomicaffairs,hesaid.Healsopraisedthemforhelpingtosafeguardandimprovepeople'slivelihoodsandpromotecleangovernance.Themodelworkersandunitswerecommendedrecentlybytheofficeofthecentralauditingcommittee,theMinistryofHumanResourcesandSocialSecurityandtheNationalAuditOffice.PremierLiKeqiangandZhaoLeji,secretaryoftheCentralCommissionforDisciplineInspection,thecountry'stopanti-graftwatchdog,metwithrepresentativesoftheunitsandworkersinBeijingonThursday.LiandZhaoarebothdeputydirectorsofthecentralauditingcommittee.ChinesePremierLiKeqiangandSecretaryoftheCommunistPartyofChina(CPC)CentralCommissionforDisciplineInspectionZhaoLeji,bothmembersoftheStandingCommitteeofthePoliticalBureauoftheCPCCentralCommitteeandviceheadsofthecentralauditingcommittee,meetwithrepresentativesofoutstandingunitsandindividualsofthecountry'sauditingorgansinBeijing,capitalofChina,Jan.2,2020.(Xinhua/YaoDawei)

  PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.资料图:长征五号遥三火箭成功发射实践二十号卫星。

  PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.

  PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.

  资料图:长征五号遥三火箭成功发射实践二十号卫星。PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.

  Technologycompaniesdominatedthisyear'sFortune500listreleasedonMonday,withApple,Amazon,Alphabet,Microsoft,andIBM,amongothers,allinthetop50.Appledroppedfromlastyear'sNo.3tothefourthplacedespitea6percentgaininannualsales,butitledthewayinprofitswithmorethan48billionU.S.dollarsinnetincome,accordingtothelist.Amazoncrackedthetop10forthefirsttime,continuingitsremarkablegrowthrun:Saleshavejumpedsome70billiondollarsintwoyears.Amazon'senormitystemsfromitsroleasthelargestU.S.digitalretailer,thefastest-growingpartofthemarket.Sharesofthecompanyrose0.35percenttotradeat1,579.91dollarsapieceinearlytradingonMonday.Apple,Alphabet,Microsoft,andAmazonwerethetopfourinmarketvalueasofMarch29thisyear,accordingtothelist.TheyarefollowedbyBerkshireHathaway,Facebook,andJPMorganChase.Fortunerankstheworld'stopcompaniesbyrevenueeachyearand2018marksthe64thrunningofthelist.Thisyear'sFortune500companiesrepresenttwo-thirdsoftheU.S.GDPwith12.8trilliondollarsinrevenues,1.0trilliondollarsinprofits,21.6trilliondollarsinmarketvalue,andemploy28.2millionpeopleworldwide.Walmart,ExxonMobil,BerkshireHathaway,Apple,UnitedHealthGroup,McKesson,CVSHealth,Amazon,ATT,andGeneralMotorsmadethetop10thisyear.Amongthem,ExxonMobilandGeneralMotorshavebeenonthelisteveryyearsinceitstartedin1955.  资料图:长征五号遥三火箭成功发射实践二十号卫星。

  PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.

  PeoplerelaxontheembankmentofariverinMentougoudistrict,Beijing.(ChinaDaily/GaoZhenfa)CPCCentralCommitteesessionlaysoutguidelinesfornavigatingfutureChinawillcontinueonitspathofsustainabledevelopmentbyemphasizingecologicalcultivationtopromoteharmoniouscoexistencebetweenhumansandnature,arecentlyapprovedPartydocumentsaid.InlateOctober,theFourthPlenarySessionofthe19thCentralCommitteeoftheCommunistPartyofChinaapproveddecisionsupholdingandimprovingsocialismwithChinesecharacteristicsandadvancingthenationalgovernancesystemandgovernancecapacity.Thedecisionsincludedexercisingthestrictestpossibleenvironmentallyrelatedrestraintsandstrengtheningthesystemofaccountability.Theyemphasizedthatthecountrywillstronglysupportthemaximthatlucidwatersandlushmountainsareinvaluableassets."Weshouldpromotehighlyefficientutilizationofresources,improveinstitutionsforecologicalrestorationandconservation,andstrengthentheaccountabilitysystem,"thedocumentsaid.Italsolistedseveralmajortypesofworkthatneedtobestrengthened.Oneistospeedupthecreationofaspatialplanningsystemfornationalterritoryandmapoutareasundertheprincipleofthree"redlines"-ecologicalprotectionareas,permanentfarmlandandurbanboundaries."Thespatialplanningsystemplaysanimportantroleinthecountry'smanagementsystemandwillbecrucialinpromotingtheefficient,fairandhigh-qualityuseoftheterritory,"saidZhangBing,deputydirectoroftheNationalTerritorialSpatialPlanningBureauoftheMinistryofNaturalResources."Thecoreprincipleofthethreeredlinesismakingprotectionapriority,"saidZhang,whoalsoemphasizedthatdevelopmentshouldgivewaytoecologicalconcerns.SunXuedong,deputydirectorofthebureau,saidtheecologicalredlineswillguaranteethattheroleoftheecosystemwillfullyfunctionandareascurrentlyunderprotectionwillremainsoafterredlineadjustments.Hesaid,forexample,thatthepermanentfarmlanddesignationwillbemadeinlightofreasonablelong-termconcernsaboutscaletoguaranteethequalityoffarmlandismaintainedatahighlevel."Ofthethreeredlines,urbanboundarieswillbethemostchallenging,"Sunsaid."Giventheuncertaintiesofthefuture,thelinesshouldbedrawnwithdeepconsiderationforacity'seconomic,socialandculturaldevelopmentinthelong-term.Also,itshouldbepracticalformostregionsofthecountry,whichiseventougher."Zhangsaidthethreeredlineswillnotoverlaporconflict.Andtheywillbepartofanewnationalspatialdatasystem,understrictmanagementandsupervision.Anothermajortasklistedintheplenarysessiondecisionisbuildingamechanismforecosystemprotectionandrecovery.Underthedecision,thecountrywillstrengthenthesustainableuseandprotectionoftheecosystemandbuildasystemofnaturereserves,withnationalparksasamajorcomponent.Also,thedecisionurgedthepromotionofamassivegreeningprojectnationwideandstrengtheningthecontrolandmanagementofdensification-allaimedatprotectingthebiodiversityandecologicalsafetyofthecountry."Asamajorcomponentofthecountry'saimtobuildnaturereserves,theconstructionofnationalparkswillbeatoppriorityinourfuturework,"saidZhangJianlong,headoftheNationalForestryandGrasslandAdministration."Thedecisionsgavespecificguidelinesoncomprehensivelydeepeningreformwithrespecttonaturereserves.TheyaresupportiveofChina'soverallecologicalprotectionworkandwilllayafoundationforoureconomic,aswellassocial,sustainabledevelopment,"hesaid.Overthepastyear,theadministrationhasmadeinspectionsandevaluationsofChina's10pilotnationalparks,whichcovermorethan220,000squarekilometers.TheadministrationurgedthemanagementcommitteefortheparkstosolvesomeexistingproblemsbeforeJune,Zhangsaid.Asthepilotparksreachtheendoftrialsnextyear,theadministrationwillreevaluateallapplicationsandofficiallygrantparkstatustothosethatmeetthestandards.PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.

  资料图:长征五号遥三火箭成功发射实践二十号卫星。PhototakenonMarch13,2018showstheheadquartersofthePeople'sBankofChinainBeijing,capitalofChina.(Xinhua/CaiYang)Initslatestmovetocutthereserverequirements,China'scentralbankhassteppedupeffortstospurtherealeconomyandlowersocialfinancingcosts.ThePeople'sBankofChina(PBOC)announcedonWednesdaytocutthereserverequirementratio(RRR)forfinancialinstitutionsorthelevelofcashthatlendersmustholdasreservesby50basispointsstartingfromJan.6.ThemovewasexpectedtooffsettheliquidityshortageaheadoftheSpringFestival,orChineseLunarNewYear,tokeepoverallliquidityinthebankingsystembasicallystable,anofficialfromthePBOCsaid.Referringtothereductionaspartofthecountry'scounter-cyclicaladjustments,theofficialstressedthatthestanceofprudentmonetarypolicyhasremainedintactandexcludedthepossibilityof"flood-style"stimulus.Theannouncement,"notabigsurprisetomanyonthemarket,"wasmeanttoeasetheliquiditystrainsresultedfromthematuringreversereposandtargetedmedium-termlendingfacilityinJanuary,aswellashighercashdemandaheadoftheholiday,SwissbankinggiantUBSsaidinaresearchnote.ItwasalsoconducivetothescheduledissuanceofspeciallocalgovernmentbondsinJanuaryandFebruary,saidtheUBS.AccordingtothePBOC,theblanketRRRcutwillreleaseabout800billionyuan(around114.6billionU.S.dollars)oflong-termfunds,injectingliquidityandloweringfinancingcostsfortherealeconomy.Withmorethan120billionyuaninlong-termfundstobeunlockedforsmallandmedium-sizedlenders,thecentralbankhasurgedfinancialinstitutionstoincreasesupportforsmall,microandprivatebusinesses.Lastweek,ChinesePremierLiKeqiangpromisedtograntstrongersupporttosmallandmedium-sizedbanksdeliveringdirectservicestosmallandmicro-enterprisesduringaninspectiontourinChengdu,capitalcityofthesouthwesternprovinceofSichuan,sayingthatresearchintotheuseofmultipletoolsincludingtheRRRwillbecarriedout.Thecutalsoechoedthecentralbank'spledgemadeWednesdaymorningduringameetingwhereitvowedtoadvancefinancialsupply-sidestructuralreformforhigh-qualitydevelopmentandguidefinancialinstitutionstostepuploanstotherealeconomy.Whileacknowledgingthepositiveeffectsofthecutonmarketsentiment,AsianfinancialservicegroupNomuraexpectedmoreliquiditytobeunleashedinthefutureasthemovemightnotbesufficienttofillintheliquidityshortageinJanuary.UBSalsoanticipatedanotherRRRcutovertherestof2020aspartofthecountry'seffortstoboostcreditgrowthbutdeniedthepossibilityofabigstimulus.Theyear-endtone-settingCentralEconomicWorkConferencelastmonthnotedthatthecountryfacesrisingdownwardeconomicpressureamidintertwinedstructural,institutionalandcyclicalproblems,pledgingstrongerpolicymovestokeeptheeconomyonastabletrack.Thecountry'sGDPexpanded6.2percentyearonyearinthefirstthreequartersof2019despitedomesticheadwindsandexternaluncertainties.

责编:圣俊远

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