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BEIJING Cheap Nike Air Max 1 Wholesale , June 20 (Xinhua) -- The market fears a cash crunch in late June as seasonally tight liquidity meets the mid-year macro-prudential assessment and tightening regulations in the banking sector.


However, volatile market adjustments, seen in 2013 due to similar regulatory tightening, will not happen as China's deleveraging process is manageable and balanced.


China's financial regulators have rolled out a string of harsh regulations to crack down on financial irregularities in the past three months, with palpable effects.


The broad measure of money supply, M2, hit a record low in May Cheap Nike Air Max 97 Wholesale , growing at single-digit speed, according to the People's Bank of China (PBOC).


While keeping cash conditions relatively tight to underpin the government's deleveraging efforts, authorities have been careful not to squeeze liquidity too much to avoid dampening demand.


PBOC data shows that the total social financing and Chinese yuan loans both increased year on year in May, indicating robust financial support in the real economy.


Meanwhile, recent economic indicators show that the economy is expanding steadily with strong consumption and slightly slower investment.


"Slow M2 growth might continue in the near future as deleveraging efforts continue, but deleveraging too fast might raise financing costs for enterprises, hurting the real economy Cheap Nike Air Max 95 Wholesale ," said Lian Ping, chief economist with the Bank of Communications.


Compared with the clampdown on risk in 2013, China is deleveraging the economy in a more pragmatic, balanced and coordinated manner, according to a research note from the China International Capital Corporation (CICC).


Chinese financial regulators has improved coordination to maintain stable liquidity conditions and anchor market expectations since May.


The PBOC has increased its net open market operation injections recently, injecting over 400 billion yuan (58.6 billion U.S. dollars) into the market last week, nearing a five-month high.


Meanwhile Cheap Nike Air Max 90 Wholesale , local government bond insurance also accelerated while the top banking regulator decided to give banks more time to check and rectify their problems.


CICC expects incremental easing of market liquidity stress levels from June if the PBOC continues with open market operations to guide short-term rates to a more sustainable level.


However, there will be no backtracking on China's process of deleveraging.


"Lessons from the global financial crisis showed us that guarding against financial turmoil should start from keeping financial institutions clean and not tolerating high-leverage and bad loan practices," Zhou Xiaochuan, governor of the PBOC, said at a forum Tuesday.


China's regulatory adjustments targeting financial leverage will likely be a dynamic process, rather than following a strict pre-set path, according to CICC.


Going forward Cheap Nike Air Max Wholesale , regulatory tightening will be gradual and pragmatic to balance the longer-term goal of financial deleveraging and the objective of maintaining stable growth and liquidity, CICC added.


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　　Delegates attend the opening ceremony of China-Arab States Expo 2017 in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region, Sept. 6, 2017. The four-day expo began Wednesday in Yinchuan.(XinhuaLi Ran)

YINCHUAN, Sept. 6 - The China-Arab States Expo began Wednesday in the northwestern Chinese city of Yinchuan, drawing representatives from 47 countries and regions.


The four-day event will focus on trade in commodities and services Cheap Air Max 1 Wholesale , as well as cooperation in technology, investment and tourism. The Belt and Road will be highlighted during the expo, and forums on high-speed railways, logistics and credit will be staged.


Executives from 1,080 companies and nearly 5,000 exhibitors covering 31 industries ranging from transportation to big data are present.

Delegates attend the opening ceremony of China-Arab States Expo 2017 in Yinchuan Cheap Air Max 97 Wholesale , capital of northwest China's Ningxia Hui Autonomous Region, Sept. 6, 2017. The four-day expo began Wednesday in Yinchuan.(XinhuaWang Peng) People visit the booth of Libya during the China-Arab States Expo in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region, Sept. 6, 2017. The four-day China-Arab States Expo began Wednesday in Yinchuan. The event will focus on trade in commodities and services, as well as cooperation in technology Cheap Air Max 95 Wholesale , investment and tourism. (XinhuaLi Ran) People visit the China-Arab States Expo in Yinchuan, capital of northwest China's Ningxia Hui Autonomous Region, Sept. 6, 2017. The four-day China-Arab States Expo began Wednesday in Yinchuan. The event will focus on trade in commodities and services, as well as cooperation in technology, investment and tourism. (XinhuaLi Ran)

The gathering has achieved good results and become an important platform for cooperation between China and Arab countries, Kamal Hassan Ali Cheap Air Max 90 Wholesale , assistant secretary general for economic affairs of the Arab League, said at the opening ceremony.


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