CHINA People's Daily Tonight: Podcast News (8/26/2019 Mon.)

CHINA

People's Daily Tonight: Podcast News (8/26/2019 Mon.)

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20:01, August 26, 2019

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This is People's Daily Tonight, your news source from China.

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European leaders urge end to trade wars

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European leaders at the G7 Summit voiced their deep concern over the trade war between the US and China, and a looming one between the US and the European Union.

This came a day after the US and China announced new tit-for-tat tariffs on each other's exports.

It also brought down stock prices in the US and other parts of the world, and increased business uncertainty.

It also came after US President Donald Trump repeated his threat of tariffs on French wines, if France goes ahead with the new digital services tax. (China Daily)

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China's water environment improving: report

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The water quality of China's major rivers, lakes and coastal waters is improving, while in general, the water ecology is not optimistic, an official report showed.

An inspection team made the report to examine the enforcement of the water pollution prevention and control law.

From April to June, the inspection groups visited 31 cities and carried out on-site inspections of 201 organizations, villages and projects.

According to the report, in 2018, 71 percent of the national surface water sections were of good quality and the water quality of major rivers, lakes and coastal waters was stable and good. (Xinhua)

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15 policemen injured as Hong Kong protests turn violent

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Fifteen policemen were injured on Sunday as Hong Kong protests turned violent.

The Hong Kong government said demonstrators removed a national flag at the Kwai Chung Sports Ground and trampled on it.

Sunday's marches took place in Tsuen Wan and neighboring areas. 

However, a breakaway group of violent protesters deviated from their original routes, obstructing roads, vandalizing shops and facilities, and attacking officers. (Xinhua)

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G7 leaders vow to help Brazil fight fires, repair damage

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Leaders of the Group of Seven nations said Sunday they are preparing to help Brazil battle fires burning across the Amazon region and repair the damage.

French President Emmanuel Macron said the summit leaders were nearing an agreement on how to support Brazil and said the agreement would involve both technical and financial mechanisms "so that we can help them in the most effective way possible."

German Chancellor Angela Merkel said her country and others will talk with Brazil about reforestation in the Amazon once fires there have been extinguished.

"Of course (this is) Brazilian territory, but we have a question here of the rainforests that is really a global question," she said. "The lung of our whole Earth is affected, and so we must find common solutions." (AP)

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China to reform individual housing loan interest rate formation

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China said it will set its interest rates for commercial individual housing loans in a more market-based manner .

It’s the latest move to regulate the property market's growth.

The country's central bank said it will replace the loan benchmark interest rate with the loan prime rate as a benchmark for setting the interest rate of newly issued commercial individual housing loans.

But it said the new rules will not affect housing loan contracts already signed or implemented. (Xinhua)

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Capital market reforms nearing, regulator says

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China will soon roll out a number of measures to deepen capital market reforms, following the best international practices, the country's top securities regulator said on Sunday.

Under the plan, authorities will try to adopt the revised Securities Law by the end of this year and discuss establishing a system for securities class action lawsuits with Chinese characteristics.

Pilot fundamental institutional arrangements that proved effective on the new tech-focused STAR Market will also be implemented on other submarkets, according to the plan.

Securities regulators will also carry out an action plan to achieve improvements in the quality of listed firms over the next three to five years and make it easier for more mid to long-term funds to invest in the A-share market. (China Daily)

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Trump suggested nuking hurricanes: report

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And US President Trump suggested dropping nuclear bombs on hurricanes before they made landfall in the US.

It was reportedly not the first time Trump made such a suggestion. 

In 2017, Trump asked a senior official whether the administration should bomb hurricanes to prevent them from making landfall.

The suggestion was originally made by a government scientist in the 1950s, under President Dwight Eisenhower. (AFP)

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And that's People's Daily Tonight. Thanks for joining us.

(Produced by David Nye and Bai Yuanqi)

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