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ap reached 2.3 trillion yuan ($332.8 billion). More than 20 percent was for the central State-owned enterprises, including China B
aowu Steel Group Co Ltd, State Power Investment Co Ltd, and China Shipbuilding Industry Corp, acc
ording to data from the State-owned Assets Supervision and Administration Commission.
David Lipton, the International Monetary Fund’s first deputy managing director, said: ” (China’s) Cre
dit growth and corporate debt have been reduced thanks to concerted efforts to strengthen fin
ancial regulation, reduce regulatory arbitrage, and improve the framework for financial supervision.”
His statement came after the IMF published a report forecasting that China‘s economic growth is expected to moder
ate to 6.2 percent this year, down from 6.4 percent in the first quarter, as uncertainty around trade tensions rem
ains high and risks are tilted to the downside. Inflation, in the meantime, is projected to rise to 2.3 percent.
lines alone, this collaborative approach allows the voice-over performer to see the emotional cha
nges acted by others, prompting a natural reaction from an individual performer, according to Date.
“I heard that some foreign fans are learning Japanese so that they can understand the original version. We’re very proud of that,” says Date.
He adds that he hopes Chinese animators will continue to take inspiration from th
eir own culture and similarly encourage overseas audiences to learn Chinese.
Currently codirecting the anime series Magmell of the Sea Blue, a Sino-Japanese animated ser
es adapted from a Chinese comic book story of the same title, Date says he still marvels at the story’s so
phisticated narrative, which centers around the adventures of a rescuer of explorers on a newly formed continent.
Interestingly, more and more foreign animation filmmakers are seeking inspiration from China.
Marsden reveals that Sony is partnering with Base Animation in Xiamen, East China’s Fujian province, to produce the animated feature Wish Dragon.
was about ground operations, such as telemetry, tracking and command of spacecraft.
“I want to study satellites. I want to learn and work on communications satellites operating in low Earth orbit, because no
w we have a communications satellite in geosynchronous orbit, and remote-sensing satellites in low Earth orbit,” he said.
“I want to learn how to combine these technologies and do some research here in Beijing, s
o when I come back to my country I can help to develop our own satellite technology,” he added.
Each of Venezuela’s three satellites－one communication and two r
emote-sensing satellites－was designed, built and launched by China.
The Beijing-based China Academy of Space Technology, a subsidiary of State-owned spa
ce giant China Aerospace Science and Technology Corp, is a major developer of satellites and spaceships in China.
China’s foreign exchange reserves rose to $3.0988 trillion by the end of March, official data showed Sunday.
The amount increased by $8.6 billion, or 0.3 percent from the end of February, according to the State Administration of Foreign Exchange.
China’s peer-to-peer (P2P) lending industry will continue to shrink and cons
olidate due to tighter regulation and weak investor sentiment, Fitch Ratings said in a report.
The number of P2P investors and platforms declined steeply last year after regulators tightened supervision, and Fitch exp
ect more platforms to close or consolidate this year as reforms continue to take effect, leading to a smaller, less fragmented market.
Stronger regulation of P2P companies will be positive over the lo
nger term for a sector that has yet to be tested through economic cycles, the report said.
New regulations will also require many platforms to reduce their
reliance on retail investors, leading to a shift toward wholesale or institutional funding sources.
Lenders with more robust business models, established risk-management capabil
ities and more stable access to funding are likely to gain market share, according to Fitch.
online news service focusing on China’s mobile payment industry, said to Securities Daily he
expects the run-up of cashless payments will maintain for three to five years until it takes up as much sha
re of consumption as possible, as consumers incrementally wade farther into cashless payments.
Data from PBOC revealed banking financial institutions in 2018 conducted 220.31 billion deals in non-cash paym
ents involving 3,768.67 trillion yuan, a rise of 36.94 percent and 0.23 percent year-on-year respectively.
In the same period non-banking payment institutions, mainly referring to third-party online payment service providers, had 530.61 b
illion deals, surging 85.05 percent, and the transaction volume was 208.07 trillion yuan, up 45.23 percent fro
m the previous year. Mobile payment platforms Alipay and WeChat Pay occupy over 90 percent of market share.
By the end of 2018, a total of 424 commercial banks and 115 payment institutio
ns were connected to a unified clearing platform set up by the Payment and Clearing Association of China, PBOC said.