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Analysts have noted the rapid expansion of speculative investment.
And, despite ongoing tensions, the total value of imports and exports rebounded sharply in March, reaching 9.6 percent higher than March 2018. So, overall trade grew by 3.7 percent year-on-year in the quarter despite low growth rates in January and February. Exports of electrical and mechanical products, which are higher value added, grew by 5.4 percent in the quarter. And, private sector trade grew 9.9 percent, far more than the overall growth rate.
Analysts believed the move, which will take effect on Oct 15, is meant to further fuel the country's real economy and fend off potential risks brought about by global trade uncertainties and downward pressure. The RRR cut will inject 1.2 trillion yuan (4.7 billion) of commercial bank deposits from the central bank to the banking system, according to a statement on the People's Bank of China website.
And here are a few more photos from the evening:
An upward revision to the institutional framework assessment by even one category provides a very strong and systematic uplift to the credit profiles of provincial governments, as the institutional framework carries significant weightage, according to Liu.
来源：资阳报