Ef­forts on as­set bub­bles stressed

China Daily (Canada) - - BUSINESS -

China’s cen­tral bank on Tues­day stressed ef­forts to curb as­set bub­bles, as it rec­og­nized the in­creas­ingly chal­leng­ing task to seek a bal­ance be­tween sta­bi­liz­ing growth and pre­vent­ing spec­u­la­tive froth. In its lat­est pol­icy re­port, the Peo­ple’s Bank of China high­lighted the mis­sion to con­trol as­set bub­bles to guard against fi­nan­cial risks, while en­sur­ing ad­e­quate liq­uid­ity to cre­ate con­di­tions for ad­vanc­ing struc­tural re­forms. phased out coal-fired heat­ing fa­cil­i­ties in 75,000 house­holds dur­ing the first 10 months of this year, re­duc­ing the city’s an­nual coal use by 225,000 met­ric tons, ac­cord­ing to Bei­jingMu­nic­i­pal En­vi­ron­men­tal Pro­tec­tion Bureau. Tu­niu.com plans to in­vest in more tourist ser­vices, the com­pany an­nounced on Tues­day. Es­tab­lished in 2006, Tu­niu has be­come the lead­ing player in China’s on­line leisure travel mar­ket with sta­ble prof­its, CEO Yu Dunde told a news con­fer­ence cel­e­brat­ing the com­pany’s 10th an­niver­sary. Tu­niu.com ac­counts for about 23 per­cent of the on­line leisure tourism mar­ket, a suc­cess that Yu at­trib­uted to strong brand­ing, pack­age tour choices and strong cus­tomer ser­vice. The newTu­niu group will fo­cus on flights, ho­tels, wed­dings and video en­ter­tain­ment while a sub­sidiary will deal with fi­nan­cial ser­vices.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.