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Banks should adhere to the principle of "houses are for living in, not for speculation," adjust and optimize their credit structures and implement long-term mechanisms to maintain the sound development of the real estate market, said the People's Bank of China in a statement.
BUDAPEST - The Hungarian National Bank (MNB, central bank) is looking for opportunities and possibilities for cooperation in the framework of China-proposed Belt and Road Initiative, MNB general manager Daniel Palotai said here Monday.
Bai Chunli, president of the Chinese Academy of Sciences, said in a commentary in People's Daily that the strong emphasis of science and technology in the national agenda signals a sincere and urgent need to use innovation to meet the nation's strategic demands.
Battered by the unrest and the pandemic, the city's economy contracted 8.9 percent in the first quarter of 2020, recording the steepest quarterly plunge on record.
Banks have also extended the repayment terms for more than 55 billion yuan in interest and provided 1.9 trillion yuan of refinancing to such enterprises, it said.
来源：资阳报