财政分权对经济增长的实证研究

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The central bank stressed that the move should not create additional depreciation pressure on the onshore renminbi. It will "continue to take measures, if necessary", to stabilize market expectations, said a statement on the People's Bank of China's website on Sunday.

The center was built as part of a central government pilot program to create import and export logistics platforms to cater for the increasing demands of crossborder e-commerce.

The city's export grew by 16.49 percent to 171.12 billion yuan, while its import grew 16.45 percent to 95.24 billion yuan during that period of time, according to Chongqing customs Wednesday.

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The city has also worked with Ant Financial to develop a system to evaluate the financial credibility of small and medium-sized companies.

The center is the world's first cross-border free-trade zone, which has over 5,000 shops selling commodities from around the world such as food, cosmetics, watches and jewelry.

The central government has allocated 17.09 billion yuan including a special fund of 5.7 billion yuan for epidemic control and prevention which covers the subsidy of 1.8 billion yuan for Hubei province, the epicenter of the novel coronavirus epidemic, and funds of 9.95 billion yuan for basic public health services.

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The central bank has cut the reserve ratio eight times since early 2018 to spur economic growth. The latest move should not be seen as a change in prudent monetary policy, and it is not a "flood irrigation type of easing", according to the central bank.

The chairwoman of the China Flower Association was concerned there was much going against Yanqing district, famous mainly for the Badaling section of the Great Wall.

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The center started its operations in April 2012. The movement of personnel, vehicles and goods are unrestricted on its premises, and stores and visitors in the center are entitled to preferential policies, including taxation. There are more than 4,000 stores, including 40 duty-free shops in the center, with a staff of 6,000.

The chamber was initiated by Norinco International, Huawei and China Road and Bridge Corporation which currently work on some of the largest projects in the country.