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Britain's central bank, the Bank of England (BOE), and its Chinese counterpart the People's Bank of China set up a sterling/renminbi swap facility in 2013, which is now worth 350 billion yuan (about .3 billion). The facility is aimed at supporting domestic financial stability in Britain. If a generalized shortage of offshore renminbi liquidity emerges, the facility will also allow the BOE to facilitate renminbi liquidity for eligible institutions in Britain.
Breakdown figures revealed that only 12 companies, or 18.8 percent of the total, are set to witness profit decreases or go into debt for the first six months, and the remainder have not made profit projections.
Building megacities into international consumption centers can better meet consumers' demand for international high-end products, retaining domestic consumption and boosting consumption upgrading, said Wang Wei, director of the Market Economy Research Institute, which is part of the Development Research Center under the State Council, China's Cabinet.
Bozzella mentioned that electric carmaker Tesla Inc, facing massive tariffs on vehicles built in California to be exported to China, has taken a decision to build a manufacturing plant in Shanghai.
Both sides agreed to use the exchange mechanism to make plans for cooperation between the legislative bodies of the two countries, promote cooperation under local, bilateral and multilateral mechanisms, and enhance economic and trade cooperation as well as people-to-people exchanges.
来源：资阳报