Policymakers trying to curb inflation while simultaneously bolstering economic growth are caught in a dilemma, which has manifested itself with frequent shifts in monetary policy.
On June 23, a torrential thunderstorm hit Beijing, claiming at least three lives and paralyzing parts of the city. The storm exposed problems in the city’s emergency response system such as poor coordination among various departments and responsibility gaps. The question remains as to who, if anyone, should be held accountable.
With fierce market competition and an unknown model for the mobile Internet, what path should China Mobile take to continue its growth?
Along with HSBC and Citigroup, eight domestic banks, including Postal Savings Bank of China and seven municipal commercial banks, have been given the green light to underwrite corporate bonds.
The “Guo Meimei incident” exposed the shortcomings of the RCSC’s institutional system.
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