REGULATORS issued guidelines Tuesday for the establishment of a system to track overseas investments with the aim of preventing tax fraud Cheap Air Max 95 Sale , money laundering, illegal financing, and activities damaging the country’s reputation.
In a statement on its website, the National Development and Reform Commission (NDRC) warned that the government will record and tally instances of laws and regulations being broken in China or abroad, and offenders would be punished.
The plan Cheap Air Max 90 Sale , jointly issued by 28 government departments, is part of efforts to regulate firms’ overseas investments and business activities as China’s influence in the global economy grows, especially through its Belt and Road Initiative.
In addition to illegal activities, the guidelines specifically say actions that “violate international conventions and resolutions of the United Nations, or that disrupt foreign economic cooperation Cheap Air Max Sale , adversely impact the Belt and Road Initiative, or harm China’s reputation” will be recorded.
The guidelines also focus on monitoring cross-border capital flows by insisting overseas deals are reasonable and disclosures are accurate.
China started to clamp down on capital outflows last year after its foreign currency reserves fell by nearly US$1 trillion. In August, the government laid out rules restricting investments in property, hotel, film Cheap Nike Air Max 95 Clearance , entertainment and sports. But the government also encouraged companies to support the nation’s Belt and Road Initiative.
Companies or individuals that break rules will be penalized in various ways. Authorities could reject their applications for overseas investments and foreign exchange purchases, restrict access to government subsidies and refuse to sell State land, the NDRC said.
Records of infractions will be available publicly through the government’s website www.creditchina.gov, the notice said. No timetable for implementing the system was given.
Authorities responsible for vetting applications to set up banks or acquire stakes in financial firms will be able to refer to the records before granting approval.
China’s non-financial outbound direct investment from January to October fell 40.9 percent year on year to US$86.31 billion, according to the Ministry of Commerce.(Shenzhen Daily-Agencies)
TBILISI Cheap Nike Air Max 90 Clearance , Sept. 15 (Xinhua) -- The following are official foreign exchange rates against Lari released by the National Bank of Georgia, the country's central bank, on Friday.
Currency Unit Averaged
U.S. dollar 1 2.4604
Euro 1 2.9281
British pound 1 3.2492
Japanese Yen 100 2.2282
Russian Ruble 100 4.2629
Chinese Yuan 10 3.7529
Super typhoon Talim brings gale and heavy rainfall, causing billows in E China
Visitors tour 14th China-ASEAN Expo in Nanning
Twin deadly attacks occur in southern Iraq
Greece struggles to clean up oil spill, mayors warn of legal action
Special snacks displayed during 14th China-ASEAN Expo
Scenery of paddy fields in Baicheng Cheap Nike Air Max Clearance , NE China's Jilin
China Focus: World's oldest panda dies aged 37
Scenery of terraced fields at Wuyishan in SE China's Fujian
Police patrol on a street in London, Britain on Sept. 17, 2017. British Home Secretary Amber Rudd said on Sunday that the United Kingdom's terrorism threat level has been lowered from "critical" to "severe" after being raised to the highest possible in the wake of the Friday explosion at a subway station in west London. (XinhuaStephen Chung)
LONDON, Sept. 17 (Xinhua) -- British Home Secretary Amber Rudd said on Sunday that the United Kingdom's terrorism threat level has been lowered from "critical" to "severe" after being raised to the highest possible in the wake of the Friday explosion at a subway station in west London.
Rudd made the statement after British police arrested two suspects in connection of the explosion in a packed rush-hour carriage on Friday at Parsons Green subway station.
The level of "critical", the highest of the five levels used to describe the threat Cheap Air Max 95 Clearance , means a further terrorist attack may be imminent. The level of "severe" is the second highest level.
The threat level system, introduced on Aug. 1, 2000, is based on available intelligence, terrorist capability Cheap Air Max 90 Clearance , terrorist intention and timescale.
The two suspects -- one is 18 and the other is 21 -- were arrested by British police on Saturday.
Thirty people were injured in the explosion, none of them seriously, in the wake of the subway blast, prompting the police to stage a massive hunt for those who are responsible for the fifth terrorist attack in the country over the past six months.
Previous attacks in London this year at Westminster Bridge, London Bridge and Finsbury Park as well as a blast at an Ariana Grande concert in Manchester killed dozens of people and injured more than 150.
The Islamic State has claimed responsibility for the Friday subway explosion.
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