In the past two years, China reduced high-risk assets worth 13.74 trillion yuan ( trillion), restraining the flow of resources from the real economy — the part of the economy that produces goods and services — to the virtual economy, said Zhou Liang, vice-chairman of the CBIRC, at a news conference.
In the statement, the authorities vowed resolute efforts to secure a victory against poverty by tackling bastions of deep poverty and focusing on improvement in terms of compulsory education, basic healthcare services, housing and the drinking water safety of poverty-stricken people.
In the same month, China's banking and insurance regulator urged institutions to provide innovative financing products and services to pig farmers, expand the kinds of collaterals, and increase insurance coverage on hogs.
In the last commune elections in June 2012, the CPP gained 61.9 percent of the votes, compared to about 30.6 percent for the opposition.
In the spring of 1948, Jin Baishan and Li Zaigen led Chosen farmers living in Jilin city to move to Xinghuo village and to cultivate wasteland for planting rice.
In the next five years, the contribution of China's domestic tourism market to the national economy and employment will likely stay above 10 percent, according to the report.
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In the long run, remote services are an effective supplement to in-person medical services and help improve the healthcare system, Chen said.
In the home of one villager, Li sat on a kang-a traditional brick bed heated by a stove-and chatted with farmers, college students, former migrant workers and the heads of agricultural cooperatives about the difficulties they face.
In the township of Tangchang, traditional cloth shoes have a more than 700-year history. Production of a pair of Tangchang cloth shoes requires 32 procedures and uses natural materials, such as flour, cotton, cloth and wool. Craftsmen like Lai stew flour into a paste, and stick cloth layers together. The cloth layers are then dried as raw materials for shoe soles and uppers.
In the more than three months since it reopened to the public after repairs, more than 70,000 vehicles a day on average have crossed the Nanjing Yangtze River Bridge in Jiangsu province.