首页 > >
Economic Watch: China's fintech innovation boosts real economy******
by Xinhua writers Ye Ting, Wang Xiaojie, Lu Chang
BEIJING, Oct. 22 (Xinhua) -- The 2021 Annual Conference of Financial Street Forum, which concluded in Beijing on Friday, highlighted the importance of fintech innovation to serving the high-quality development of the real economy through more convenient and inclusive financing.
"Now, thanks to tailor-made applications developed by banks, small and micro enterprises are able to obtain financing more easily, unlike in the past when it took up to a month for banks to conduct credit reviews. This is a typical practice of inclusive financing that could better serve the real economy," said Ji Zhihong, vice president of China Construction Bank, at the forum.
Participants of the three-day event have reached a consensus that the financial sector should meet the more diversified financial demands of the people and the real economy through technological innovation and digital transformation.
"Fintech innovation plays a fundamental role in promoting the development of the real economy through financial services," said Qi Ye, vice president of China Everbright Bank.
"It can push forward the digital development of the industrial economy, accelerate the transfer of offline business to online business, improve efficiency and reduce enterprise management and operation costs," Qi said.
China's central bank has been actively innovating and using structural monetary policy tools to improve the quality and efficiency of inclusive financing in an all-around way to better serve the development of the real economy.
By the end of September this year, the balance of inclusive financing loans to micro, small, and medium-sized enterprises was 18.6 trillion yuan (about 2.9 trillion U.S. dollars), up 27.4 percent year on year, which had benefited over 40 million entities, according to Fan Yifei, deputy governor of the People's Bank of China.
The manufacturing industry has been the main body of China's real economy, making fintech innovation in the sector more than necessary.
It is the duty of financial institutions to serve the manufacturing industry, which will also help them seize market opportunities, according to Liao Lin, president of the Industrial and Commercial Bank of China (ICBC).
In the first half of this year, the balance of ICBC loans to the manufacturing industry exceeded 2 trillion yuan, with loans to strategic emerging industries amounting to 1 trillion yuan, according to Liao.
"Without the real economy, finance would be like water without a source or a tree without roots," said Wang Jian, vice president of the Bank of Beijing. "Considering the new situation of the high-quality development of China's real economy, finance can only be more innovative when it is actively integrated into the real economy." Enditem
Paralympic champion Liu grateful to her "eyes" Xu******
By Sportswriters Yao Youming, Wang Ze and Zhao Yingbo
XI'AN, China, Oct. 24 (Xinhua) -- Liu Cuiqing, a visually impaired Chinese Paralympic champion, pocketed her second medal at the 11th China's National Games for Persons with Disabilities on Sunday.
On Sunday, Liu clocked 12.45 seconds to win a silver after Zhou Guohua from Guangdong in women's 100m T11 event.
With guide Xu Donglin, the 29-year-old secured her first gold medal of the major event on Saturday by winning the women's 400m T11 final.
Having won four golds in the 10th edition of the Games, Liu faced many troubles in the ongoing 11th edition of the Games.
After the Tokyo Paralympics, Liu was exhausted and had few normal training in quarantine. Furthermore, Xu suffered a torn meniscus in his right knee just ahead of the Tokyo Olympics.
When the duo entered the stadium on Saturday, Xu helped Liu stand on the block quickly and the pair finished a quick warm-up. When the 400m event was about to begin, Xu guided Liu to get ready carefully. He encouraged Liu by patting her on her shoulder.
Liu opened an early gap in the race, which no one was able to narrow. At last, the elite Paralympic athlete crossed the finish line in one minute and 1.21 seconds.
Liu began to take up the track and field training when her running talent was discovered in school.
Xu was a professional athlete. When he intended to retire eight years ago, he was selected as the guide of Liu.
The 1.83-meter-tall Xu was shy while meeting the 1.65m-tall Liu in the year 2013.
But after thousands of practices, the duo collaborated better and better. Now Liu can sprint or turn left smoothly at the special signals sent by Xu through the rope between them.
Liu said that if she could have three days to see, she would look at her partner firstly. The people around the duo told Liu that Xu is a handsome man.
"In my opinion, Donglin is my elder brother. I'd like to thank him for bringing me to podium in major events since 2013," Liu told Xinhua.
"We have cooperated for eight years and got many medals in national and international events. This brought me a sense of achievement," said Xu.
After the long and tough season, the golden pair will have a good rest each.
"We will part for several months. My knee injury needs time to recover. I'd like to create more better results in Paris Paralympic 2024 with Cuiqing," 32-year-old Xu noted. Enditem
Putin meets Macron to discuss Ukraine, European security******
Russian President Vladimir Putin (right) and French President Emmanuel Macron give a joint press conference after meeting in Moscow on February 7, 2022.
Russian President Vladimir Putin met with visiting French President Emmanuel Macron on Monday to discuss the Ukrainian crisis and the security issue in Europe.
The meeting was businesslike and useful, Putin said at a joint press conference with Macron following their hours-long talks in the Kremlin.
Russia's core concerns on security were ignored by the United States and the North Atlantic Treaty Organization (NATO), while the military alliance attempts to lecture Russia on where and how to place its armed forces, Putin said.
He told Macron that Kiev refuses to comply with the 2015 Minsk agreements on a peaceful settlement of the Ukrainian issue and even aims to dismantle the deals.
Putin reiterated Russia's opposition to NATO's eastwards expansion.
During the briefing, Macron said that he believes there is still opportunity to find a peaceful path for Europe, where new mechanisms are needed to ensure security and existing pacts should be preserved at the same time.
He said that there is no alternative to a political solution to the Ukrainian crisis and the Minsk agreements remain the basis of it.
As for Moscow-proposed security guarantees between Russia and the US-led NATO, Macron said that negotiations should continue, although it won't be easy to reach a consensus.
Putin and Macron agreed to talk over phone after the latter's visit to Kiev on Tuesday.
Coronavirus pandemic in Slovakia cuts number of playable fixtures in basketball premiership******
BRATISLAVA, Nov. 20 (Xinhua) -- The increase in coronavirus infections in Slovakia resulted in several reported cases among the players of different basketball league teams as there were only three matches able to take place in the week.。
MBK Banik Handlova defeated the struggling Iskra Svit 91-83 on Wednesday in a 9th round match and stayed in the middle of the Slovak basketball premiership standings.。
On Friday, Svit managed to put an end to its three-game losing streak, defeating reigning champions the Spis Knights 96-86 while Inter Bratislava also had a reason to celebrate after two losses, outscoring the BKM Lucenec 75-66 in a defense-dominated battle. Enditem。