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and reduce costs of internet services, which will be good not only for consumers but also for industrial upgrading.
The country’s three telecom carriers — China Mobile Communications, China United Network Comm
unications Group and China Telecommunications Corp — announced steps to scrap domestic long-distan
ce and roaming charges from Oct 1, 2017, and cancel data roaming fees within the country starting July 1, 2018.
However, increasing speed and cutting charges doesn’t bring less
revenue for telecom operators. According to the Ministry of Industry and Information Technology, du
ring the first half of last year, revenues from the telecom business rose 4.1 percent year-on-year to 672 billion yuan.
Mobile internet traffic jumped 199.6 percent to 26.6 billion gigabytes. Among them, inter
net usage via phones soared 214.7 percent to 26.2 billion gigabytes, accounting for 98.3 percent of the total.
BEIJING — China has made solid progress in alleviating the financing
problems of small and micro firms, a senior official said Friday.
Outstanding loans to such businesses amounted to 33.49 trillion yuan ($5 trillion) by the end of 2018, accounting for 23.
81 percent of the total outstanding loans, Zhu Shumin, vice chairman of the China Banking Regulatory Commission, said in a statement.
In particular, outstanding inclusive loans to small and micro firms reached 9.36 trillion yuan
, growing 21.79 percent from the beginning of the year, 9.2 percentage points faster than the total loans.
The number of borrowers increased 4.55 million from the beginning of 2018 to 17.23 million, Zhu said.
Meanwhile, efforts have been made to cut financing costs, with the average interest rate of newly
issued inclusive loans to small and micro firms in the fourth quarter of 2018 down 0.8 percentage points from the first quarter.
billion cu m of gas shipment last year, a
year-on-year increase of 31.7 percent, it has only 26 gas stora
ge sites with just 8 billion cu m in storage as of 2018, contributing 3 percent of the country’s total gas consumption.
Analysts believe insufficient infrastructure, including underground gas storage an
d natural gas pipelines, is standing in the way of a more open and liberalized domestic gas sector in the country.
Li Li, research director at energy consulting company ICIS China, also suggested that the government should encourage the construction of gas storage ta
nks to prevent future gas shortages during cold snaps, considering the country’s high dependence on oil and gas imports.
To ensure sufficient gas supply, the country’s national oil majors are also ramping up loc
al oil and gas output, adding thousands of wells at oil basins, shale rocks and deepwater fields nationwide.
tems and formed 10 departments to handle criminal, civil, administrative and public interest cases, he said in an interview.
“Justice and fairness should not only be achieved, but also be felt and seen by the public in a more sensible way,” Zhang said.
To achieve that goal, prosecutors have been closely watching crimes that most affect people’s daily lives. For example, 43,929 p
eople were charged in 2018 with telecom fraud — a crime to which everyone is vulnerable — up by 29.3 percent year-on-year.
Another 42,195 people were prosecuted for damaging the environment and resources, an i
ncrease of 21 percent annually, and 12,360 people were charged with producing or selling fake or sub
standard drugs or toxic food products, an increase of 5.5 percent, according to the SPP.
Zhang said prosecuting authorities also actively participated in a joint crackdown against or
ganized crime and local mafia groups to bring the people a greater sense of security.