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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.
tedly part of the French destiny and the project we will have for the coming years … a national subscription will be launched, and well beyon
d our borders we will appeal to the greatest talent, and there are many who will come to contribute and rebuild,” Macron said.
We will rebuild Notre Dame, because that’s what French people e
xpect, because it’s what our history deserves and because it’s our deep destiny,” he added.
Already, two of France’s wealthiest men have pledged large donations. Billionaire Francois-Henri Pinault, chairman and CEO of the Ke
ring group, which owns fashion brands including Gucci, Yves Saint Laurent and Balenciaga, pledged 100 m
illion euros ($113 million) toward rebuilding Notre Dame, Agence France-Presse reported.
Bernard Arnault, chief executive of the LVMH group, which owns fa
shion labels including Louis Vuitton and Bulgari, said he would donate 200 million euros.
Built in the 12th and 13th centuries, Notre Dame, which has rece
ived about 13 million visitors each year－more than the Eiffel Tower－is regard
ed as one of the finest examples of French Gothic architecture and sits at the heart of the nation’s history.
tting due remuneration, very few employees use the Labor Law to defend their rights, because it is not easy for them to seek legal redress for their grievan
ces. For example, workers spend a lot of time and money to furnish effective proof that they were asked to work a
nd indeed worked overtime. By so doing, they could even lose their job – as employers could sack them for poor performance.
Interesti2365zuchewangcn-/ngly, Liu Qiangdong, founder and CEO of JD.com, used his WeC
hat account to say he now follows a “8116+8” schedule (8 am to 11 pm, six days a week, and 8
hours on Sunday, with only two days off a month), arder when he started his company. Had
he not followed the schedule, JD.com might not have survived the fierce competition from other internet companies.
Although Liu said he would not force his employees to work accordin
g to the “996″ schedule, he would want them to work as hard as he did during the initial years of JD.com.
It is therefore important that standards to calculate workload per da
y should be set and quantified, and supervision over the exploitation of labor made s