pply (M2),” said Sheng Songcheng, a central bank adviser and a former director of the central bank’s statistics department.
The central bank released M2 data on Friday, which recorded a 13-month high of 8.6 percent by the end of March, accelerating from 8 percent by February.
Aggregate social financing, a gauge to measure broader financial activities including trust funds and local govern
ment bonds, also grew faster than market expectations. That total financing amount grew to 2.86 trillion yuan in Mar
ch, or a 11.1 percent growth from a year earlier, compared with 10.6 percent in February, said the central bank.
“According to the latest economic data, there is less necessity for RR
R cuts, but it requires further observation on future changes,” said Sheng.
If the central bank further cuts the RRR, when economic growth is already stabilized, inflation wi
ll surge, and possibly lead to funds flowing into the property sector instead of supporting the real economy, he added.
JD Logistic, the logistics arm of the Beijing-based tech heavyweight JD
.com, will cancel the basic salary for delivery staff , CEO and Chairman Liu Qiangdong said i
n response to arguments on the company’s salary adjustments in an internal email sent on Monday.
JD Logistics lost over 2.3 billion yuan ($342.9 million) in 2018, its 12th consecut
ive year to lose money. If the situation continues, Liu said, the company would only last for two more years.
If internal settlements are deducted, JD Logistics lost more than 2.8 billion yuan last year.
The main reasons for the loss are few external delivery orders and high internal costs, Liu said.
The company has only two choices, according to Liu: one, increase external delivery orders to promote external inco
me growth; the other, reduce staff members’ well-being to the level of other express companies.
Reducing fund ratios to average levels and canceling the basic salary a
ims to encourage couriers to get more external delivery orders and increase revenue.
favorite city to work and live in for the sixth year in a row, followed by Beijing, Hefei, Hangzhou, Shenzhen, S
uzhou, Qingdao, Tianjin, Xi’an and Wuhan.
The campaign also looked at cities with the most potential to attract expats, naming X
iamen, Nanjing, Urumqi, Guangzhou, Xuzhou, Haikou, Kunming, Jinan, Dalian and Chengdu.
In recent years, China has implemented a work permit system for foreigners to come to Chi
na and a visa system for expats. This has promoted the government affairs, policies, work and living
environment of Chinese cities, allowing more expats to live and work better in China.
The survey has been conducted for nine years, starting in 2010. The A
mazing China 2018 poll took place from November to December. Results were anal
yzed from 239 signed votes from top expert panels, 2,815 votes from foreign experts, and 94,849 votes from internet users.
ival, Tomb-sweeping Day, May Day and Dragon Boat Festival, all saw a marked increase in the number of domestic tourists.
During the three-day Tomb-sweeping Day holiday that ende
d on April 7, the number of domestic tourists reached 112 million, a 10.9 increase year-on-year.
Apart from sightseeing, more Chinese tourists now opt to exp
erience the cultural essence of their destinations by visiting local museums.
Over the past three years, visitors to Chinese museums have been growing by about 100 mi
llion each year, Liu Yuzhu, head of the National Cultural Heritage Administration, told reporters earlier this year.
During the week-long Spring Festival Holiday in 2019, more than 40 percent of the 415 milli
on domestic tourists visited museums, a report from the China Tourism Academy showed.