CHINA Fresh Start: Podcast News (10/8/2018 Mon.)

CHINA

Fresh Start: Podcast News (10/8/2018 Mon.)

People's Daily app

05:56, October 08, 2018

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Welcome to Fresh Start.

This is People’s Daily app. 

Here are today’s picks from our editors.

China to cut requirement reserve ratio by 1 percentage point

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China's central bank, the People's Bank of China (PBOC), said Sunday it would cut the banks' reserve requirement ratio (RRR) by one percentage point starting October 15th.

Some of the liquidity unleashed will be used to pay back the 450 billion yuan of the medium-term lending facility that will mature next week.

In addition, the liquidity of additional 750 billion yuan will be injected into the market, according to the latest PBOC statement.

Central bank sources with said the incremental capital would be used to support small, micro, private and innovative enterprises to enhance the vitality and resilience of the Chinese economy, strengthen endogenous growth momentum and promote the healthy development of the real economy. (Xinhua)

Kim, Pompeo agree to 2nd US-North Korea summit 'at earliest date': Seoul

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North Korean leader Kim Jong-Un and US Secretary of State Mike Pompeo agreed to arrange a second summit between the two countries as soon as possible, South Korea's presidential office said  in a statement Sunday .

The two sides agreed to "continue talks to decide on the specific time and location for the second summit", Pompeo told South Korean President Moon Jae-in, following his meeting with Kim in Pyongyang earlier Sunday.

Pompeo and Kim also discussed "denuclearization steps that will be taken by North Korea and the issue of attendance by the US government," as well as "corresponding measures" to be taken by the US, the statement said. (People's Daily app)

Kavanaugh sworn into Supreme Court after divisive fight

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Brett Kavanaugh was officially sworn in Saturday as the latest US Supreme Court justice following the closest Senate vote in over a century. 

The US Senate on Saturday confirmed Brett Kavanaugh's nomination to the Supreme Court by a narrow vote of 50-48. 

While delivering President Trump a major victory, it is expected to add momentum to the GOP race heading into next month's midterm elections.

While celebrating at a rally in Kansas, Trump condemned the Democrats for running what he called a "shameless campaign of political and personal destruction" against his nominee.

Trump declared Saturday as a "historic night," shortly after signing Kavanaugh’s Commission of Appointment to make his status official. (People's Daily app-AP)

5,000 believed missing in two hard-hit Indonesian quake zones: official

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As many as 5,000 people are believed to be missing in two hard-hit areas in Palu more than a week after the Indonesian city was devastated by an earthquake and tsunami, an official said Sunday.

Indonesia's disaster agency said the figure was based on estimates from local heads in the Petobo and Balaroa areas of the city, where entire neighborhoods disappeared in the twin disaster on Sulawesi island that has seen 1,763 bodies recovered so far. (AFP)

Sydney Opera House horse race 'advertising' sparks uproar

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A government push to use the Sydney Opera House's sails to advertise a horse racing event over the wishes of the building's management has sparked uproar among many Australians over the commercialization of an iconic landmark.

Amid protracted negotiations, the state government stepped in late Friday to force the management to allow for the race's trophy, colors and numbers to be projected onto the white wings of the structure early next week.

"If we said yes to this, 'we're fine to put the Everest logo on there' our policy is worthless to us, we're just going to allow whoever comes along to use the Opera House as a billboard, we would lose our World Heritage status," Opera House chief executive Louise Herron told local media.

New South Wales Minister for Racing Paul Toole defended his government's decision, saying there was "no way this is devaluing the Opera House.” (AFP)

New York tourist-spot crash kills 18 in limo, 2 bystanders

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A crash involving a limousine at an upstate New York tourist spot killed 20 people, officials said Sunday.

Local officials told the Times Union of Albany that a limo speeding down a hill hit bystanders Saturday afternoon in Schoharie, north of New York City.

State police confirmed Sunday the death toll and said the crash involved two vehicles.

Authorities didn’t release names of victims or other specifics, but state police set up a hotline for family members. 

The National Transportation Safety Board is investigating. (AP)

Cui Zhe wins women's 41kg powerlifting for China's first gold

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Cui Zhe lifted 100kg on Sunday to win the women's 41kg powerlifting, bringing China the first gold medal at the 3rd Asian Para Games.

Cui, a silver medalist in the same event from the 2016 Rio Paralympics, battled with Indonesia's Ni Nengah Widiasih from the start. Cui’s first lift was 96k, with Widiasih lifting 97kg.

Neither of them succeeded on their second attempts, but Cui managed to lift 100kg on her last attempt, while Widiasih failed twice with 101kg to finish second. (Xinhua)

Thanks for listening and be sure to catch us tomorrow.

And now for the Question of the Day:

Which Chinese city is known as "Spring City"?

(Answer: Kunming is known as the "City of Eternal Spring.” The city is covered with blossoms and lush vegetation all-year round.)

Today’s quote is from Italian scientist Galileo Galilei.

“Where the senses fail us, reason must step in.” 

(Produced by Nancy Yan Xu, Ryan Yaoran Yu, Lance Crayon,and Terry Guanli Li.)

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