Skip to content
Smog in greater Beijing area could be thickened by 15 percent, experts say
Climate change has been making meteorological conditions in the
greater Beijing area more conducive to the generation of haze, and combined with heavy s
mog, the situation could trigger a rapid increase in the concentration of airborne pollutants, researchers said.
The National Joint Research Center for Tackling Key Problems in Air Pollution Control demonstra
ted that without a reduction in the discharge of pollutants, air quality in the Beijing-Tianjin-Hebei cluster
could worsen by about 10 percent and even up to 15 percent in some cities because of unfavorable meteorological co
nditions, the China Meteorological Administration said in a release on Thursday.
Heavy air pollution and a high concentration of particulate
matter is more likely to be seen when wind speeds are lower than 7.2 kilometers per hour, rel
ative humidity is above 60 percent, and there is less than a 500-meter high “mixin
g layer”, which refers to the atmospheric height over which pollutants can be dispersed, it said.
ltancy, said: “The lawsuit against Liu will bring damages to the image and reputation of JD, hav
e an impact on investors’ confidence, and cause fluctuations in its share price. Moreover, emp
loyees’ trust in the company may also be affected as the Beijing-based tech heavyweight is laying off staff to cut costs.”
Shen Meng, director of boutique investment bank Chanson & Co, said Liu’s case won’t chan
ge his actual control over JD, which is now making some innovations to reassure investors. Liu owns
15.8 percent of JD’s stock and controls nearly 80 percent of the company’s voting rights.
Liu was detained in Minneapolis, Minnesota, on suspicion of criminal sexual c
onduct on Aug 31 and later released without charge or bail. He returned to China on Sept 3.
In December, Hennepin County Attorney’s Office, the prosecutorial office handling the case announced that no sexual as
sault charges would be brought against Liu as prosecutors could not prove his guilt beyond reasonable doubt.
August, and its shares have slowly crawled back since Decembe
r. Hong Tao, an analyst from GF Securities, said the tech heavyweight has faced troubles. JD’s adv
anced logistics system, which is its core strength, has been overtaken by Alibaba’s Cainiao Logistics.
JD is in the spotlight as it is reducing salaries for its delivery staff and seeing a round
of shake-ups in its management team. Its chief technology officer Zhang Chen, chief lega
l officer Long Yu, and chief public affairs officer Lan Ye, all announced their resignation within just one month.
The company said in February that it would lay off 10 percent of its senior executives above vice-president level this year.
The 7-coin set contains two gold coins and five silver coins, with a variety of shapes. Designs i
nclude traditional Chinese ornamentation, dragon, phoenix, flowers and bird. All are legal tender.
The coins are made by Shenzhen Guobao Mint, Shenyang Mint and Shanghai Mint.
Under a pilot scheme, the first group of six provinces and cities sold 6.8 billion yuan in bonds
at commercial bank counters to individual buyers between March 22 and early April.
The coupon rates are between 3.01 percent and 3.33 percent, higher than treasury b
onds issued by the central government as well as bank deposits with the same maturity.
Gross local bond issuances hit 1.18 trillion yuan in the first qua
rter, compared with only 219.5 billion yuan in the same period last year.
The total quota for 2019 local government bond issuances is 3.08 trillion yuan, according to the Ministry of Finance.
“About 60 percent of the bonds were issued for ongoing construction, especially
for shantytown renovation projects, railways and roads,” said Hao Lei, head of the ministry’s Budget Department.
While debt financing continues to grow, the government is experiencing sharp declin
es in fiscal revenue growth, especially from tax and land sales, official data showed.