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Lu Zhengwei, chief economist with Industrial Bank, said he expected the central bank to lower banks' reserve requirement ratio by 50 basis points in August, but there would be no further interest rate cuts.
Li Na, a sales representative of Quanlong Equipment Manufacturing Co., Ltd., a manufacturer of construction materials in east China's Jiangsu province, said his company is attending the fair in hopes of testing the waters in eastern Russia, as their business has thus far been confined to Moscow and St. Petersburg.
Local residents subsequently complained about a chemical odor lingering around their homes. Their anger peaked last June, when news of pollution issues at the plant broke. Two months later, the provincial environmental protection bureau ordered the company to pay a fine of 1.23 million yuan for failing to meet environmental requirements, as well as improperly storing and burning toxic waste.
Shanghai Pudong Development Bank, a nationwide joint-stock commercial bank, founded in 1992, now has a registered capital of 18.653 billion yuan.
Zhao Zhangyuan, a researcher at the Chinese Academy of Environment Science, told the Global Times that the oil producer deserves such a punishment, the heaviest fine issued by the government in the country.
来源：资阳报