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China's property developers are likely to continue to borrow significantly from overseas markets as China's lending market is tight and the cost of borrowing is rising.
Chinese Foreign Minister Wang Yi (C) attends the 13th foreign ministers' meeting of the Asia-Europe Meeting (ASEM), in Nay Pyi Taw, Myanmar, on Nov 20, 2017. [Photo/Xinhua]
Chinese State Councilor and Foreign Minister Wang Yi said China is willing to work with Britain and other countries to defend multi-laterialism in the face of various challenges, during his meeting with British Foreign Minister Jeremy Hunt on Monday on the sidelines of the UN General Assembly.
China's three largest State-owned banks－Industrial and Commercial Bank of China, Agricultural Bank of China and Bank of China－all published announcements last week and revealed that they had approved equal investments of 3 billion yuan respectively to the fund, using their own capital. The capital injection shall be paid by installments in four years commencing from this year.
China's tax and fee cut has been a universal benefit and in the first three quarters of this year a total of 442.6 billion yuan additional individual income tax was cut, which was a reduction of 1,764 yuan per person, statistics from the State Taxation Administration showed.
来源：资阳报