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Ba Shusong, chief economist at the China Banking Association, said in an article published in Financial News, the PBOC-affiliated newspaper, that higher interest rates could undermine corporate profitably, which will harm the deleveraging effort.

Baroness Fairhead said the UK has committed to participating in the upcoming Beijing Horticultural Expo, which will be held from April to October this year. Attracting 16 million visitors, it is the largest expo of its kind, focusing on green living, sustainability and horticulture. The Department for International Trade will lead this work on behalf of the British government, collaborating with a variety of partners to build a garden, pavilion and program of events for the expo.

BUDAPEST -- "China and Hungary have enjoyed frequent exchanges and fruitful achievements in the development of bilateral relations in such fields as politics, economy, trade, finance and humanities," Chinese Ambassador to Hungary Duan Jielong has said.

Baofeng is not the only player in the home projector industry. Intelligent projector manufacturer Xgimi Technology Co is also investing heavily in the home projector sector.

BUDAPEST - The Hungarian National Bank (MNB, central bank) is looking for opportunities and possibilities for cooperation in the framework of China-proposed Belt and Road Initiative, MNB general manager Daniel Palotai said here Monday.