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China's ByteDance Ltd is seeking a valuation of billion for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app's business to address US security concerns, Bloomberg News reported on Sunday, citing an unnamed person familiar with the matter.
China will tackle soil pollution by promoting a basic strategy, including issuing a plan for a soil quality census and conducting pilot projects, Li Ganjie, minister of environmental protection, said. "Soil pollution is closely related to food security," he said at a news conference during the 19th CPC National Congress, adding that progress has already been made in curbing pollution. For example, the ministry has issued standards for farmland as well as a work plan for a national soil quality census, which could help present a thorough picture to decision-makers for better pollution controls, Li said.
China's central bank is pushing forward interest rate reform, targeting further liberalization of lending rates and letting the market decide funding prices, according to central bank officials.
China will implement more supportive policies for further opening-up and financial innovation, which is good for the healthy development of the entire capital market, Ma said. Global leading foreign asset managers will also bring advanced management ideas on customer service and more sophisticated investment risk warning.
China's GDP growth eased to 6.5 percent year-on-year in the third quarter, the lowest in nearly 10 years, but the fundamentals remain stable, as the country has taken a series of measures, such as tax cuts, to revitalize the economy and increase people's income.