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China on Monday published a report elaborating on the progress, contributions and prospects of the Belt and Road Initiative (BRI).
The document, prepared by the office of the leading group for promoting the BRI, was released ahead
of the second Belt and Road Forum for International Cooperation to be held from April 25 to 27 in Beijing.
The Belt and Road Initiative is an initiative for peaceful
development and economic cooperation, rather than a geopolitical or military alliance, said the rep
ort. “It is a process of open, inclusive and common development, not an exclusionary bloc or a ‘China club’.”
“It neither differentiates between countries by ideology nor plays the zero-sum
game. Countries are welcome to join the initiative if they so will,” according to the report.
The BRI has turned ideas into actions and vision into reality, and i
tself into a public product widely welcomed by the international community, the report said.
cus”, keeping it prudent while the liquidity should be at a reasonably adequate level, it said.
Financial policies are required to further support small and private companies, and fun
ding through the capital market is supported by the authorities, according to the statement.
The central bank had skipped open market operations for 15 conse
cutive working days until Monday. “Reasonable and adequate liquidity in the banking syste
m” was the main reason for the absence of open market operations, according to a statement from the central bank.
To cut or not to cut the RRR, a strong tool for liquidity adjustm
ent, has become a hot topic since April, not only for investors, but also for policy advisers.
Divergent opinions are spreading among a broader group of market observer
s. The market is trying to get more indications from the monetary authority, although the C
hinese central bank barely sends any hints on possible monetary policy operations before taking action.
It’s a Sunday afternoon and Yang Haisong seems to be in a chipper mood. Under a blazing sun on a warm day in Beijing he sit
s on the side of a road smoking a cigarette. Yang, a founding member of the Chinese rock band P. K. 14 and its l
ead vocalist, is taking a break from activities in Free Sound, a record store in which he has been talking to fans about th
e band’s seventh studio album, What We Talk About When We Talk About His Name.
Yang hails from Nanjing, Jiangsu province, and it was there that P.K. 14 was formed nearly 22 y
ears ago before going on to become one of the most influential rock bands in China’s indie rock scene.
“I love record stores,” Yang, 46, says. “Of course listening to music
online through streaming services is incredibly conven
ient, but when I hold cassette tapes or vinyls in my hands I feel this connection with the music.”
The band’s latest album, released on Oct 14, 2018, was recorded in Be
rlin, and in addition to being streamed online, it was distributed on record and cassette.