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As there is still work to be done to improve monetary policy transmission mechanisms－or to funnel additional liquidity into the real economy, particularly small businesses and infrastructure investment, interest rate cuts may translate into asset bubbles, instead of stronger economic expansion, Zhang Jun wrote in a note.

As waves lap at the seemingly floating towers, electricity is generated by harnessing powerful winds that rotate the giant blades of these fans installed on sea.

As we speak, the world economy is still on the road to recovery, yet factors of instability and uncertainties have notably increased, posing risks and challenges that are deeply concerning. Protectionism and unilateralism are on the rise. With economic globalization suffering setbacks, the rules-based international order and the multilateral trading system are coming under strain. Just as we did before, the APT countries should work together in the spirit of solidarity and mutual help to tackle the challenges head on and turn crisis into opportunities through a collective response. We need to shoulder greater responsibilities for regional stability and play a bigger role in promoting regional prosperity and development. We should remain committed to economic globalization, multilateralism and free trade, and work to advance regional economic integration and build an open world economy. We need to seize the opportunities brought by the new round of technological and industrial revolution to strengthen innovation cooperation and nurture new drivers of growth.

As the opening film for the 24th Beijing College Student Film Festival (BCSFF), the love-comedy This Is Not What I Expected unveiled its mask to the audience in advance at Beijing Theater on April 8.

As per-capita GDP of China is about to surpass ,000 this year, the consumption structure of Chinese people is expected to see a significant change, increasing the demand for spiritual products as people pursue a better life, in line with the all-round consumption upgrade, said Fan Jianping, chief economist of the State Information Center.