A 4-year-old in Maryland was reportedly shot and killed by his father after asking him to leave during an argument on Christmas Eve. National Judge sets $1M bond for man found with nearly 3,000 bags of heroin Updated: 20 hours ago| By Zoe Strothers and Jordan Gartner A Connecticut ...
we cannot ignore the benefits that globalization and opening-up have brought to China's economic development. Poverty has been reduced because of international trade. "Trade is better than aid," as former UN Secretary-General Kofi Annan said. ...
The PBOC and the HKMA have a currency swap arrangement for a total 800 billion yuan.Under the new facility, banks can exchange their Hong Kong dollars for yuan funding with the HKMA at interest rates linked to onshore rates, providing banks in the SAR with a stable source of relatively low...
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marking a 5 percent year-on-year growth, statistics from the General Administration of Customs showed. China's exports amounted to 25.45 trillion yuan last year, reflecting a 7.1 percent year-on-year increase, while imports totaled 18.39 trillion yuan, marking a 2.3 percent rise compared to the...
The HKMA and the PBOC are also working to implement the linkage of the mainland’s Internet Banking Payment System and the SAR’s Faster Payment System. This linkage can support residents in both places in making real-time, small-value, cross-boundary remittances, by entering the recipient’s...
A similar result holds for purely capital-augmenting technical change, but not for the more general factor augmenting model Qt=F(atLt,btKt), except in the case in which the production function has the Cobb–Douglas form. The assumption of constant returns to scale can also be weakened. ...
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Depicted here is the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in th...
This was mainly due to the fact that there was a slowdown in the growth of traditional forms of consumption like automobiles and home appliances. Other new growth areas in consumer spending are still awaiting development. General government revenue was projected to grow by 5.0%, but actually ...