Police received information late March that a drug-making ring, headed by a suspect surnamed Chen, had come to Chifeng City. Police raided their works in
late June and found 17 devices used to produce drugs.
With a daily production capacity amounting to one tonne of drugs, it is by far the largest drug-making workshop ever found in Inner Mongolia, the police
said.
An investigation in early August netted 16 suspects and confiscated over 27 tonnes of raw materials.
Investigation into the case continues.
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BEIJING michael kors hobo bag sale uk , March 29 (Xinhua) -- China's central bank on Wednesday skipped the open market operations of reverse repos, siphoning
liquidity from the market.
This was the fourth consecutive business day that the People's Bank of China (PBOC) has halted the open market operations of reverse repos, a process where
it purchases securities from banks with an agreement to sell them back in the
future.
This meant that there was no injection of short-term funds into the banking system, which led to a net cash withdrawal, as previous reverse repos matured
Wednesday and drained 70 billion yuan (10.16 billion U.S. dollars) from the
market.
The PBOC said in a statement that liquidity in the banking system was "at an appropriate level" as the government continued with its fiscal spending near the
end of the month.
Fiscal expenditures mean fiscal deposits flow into commercial banks from the central bank, thus improving market liquidity.
However michael kors hobo bag uk , the central bank's wording on Wednesday marked a change from previous comments on liquidity in the banking system as being "at a
relatively high level" on March 24.
China will pursue a "prudent and neutral" monetary policy in 2017, with the broad money supply (M2), a key measure for liquidity on market, projected to
grow by around 12 percent, one percentage point lower than the 2016 target,
according to the government work report michael kors selma bag sale uk , which was delivered at the annual parliamentary session earlier this month.
A recent PBOC survey showed that about 20.3 percent of bankers polled said Chinese monetary policy was "relatively tight," up from only 5.7 percent in the
fourth quarter of last year.
BEIJING, Nov. 7 (Xinhua) -- Chinese Premier Li Keqiang said Tuesday that Beijing is willing to join Berlin in promoting bilateral cooperation to a higher
level.
Li made the remarks in a telephone conversation with German Chancellor Angela Merkel.
The two heads of government spoke highly of the new progress the two sides have achieved over the past year in bilateral ties and cooperation.
This year marks the 45th anniversary of the establishment of the diplomatic relationship between the two countries and Chinese President Xi Jinping paid a
successful visit to Germany where he also attended the Group of 20 summit in
Hamburg, said Li.
He also noted that the annual meeting between the Chinese premier and the German chancellor has also been fruitful, adding that the two countries have
maintained fine communication and coordination over regional and international
affairs.
Li said China would like to maintain high-level exchanges with the German side, and ensure the new round of China-Germany Inter-Governmental Consultation
a success so as to promote bilateral cooperation to a deeper michael kors selma bag uk , broader and higher level.
Beijing welcomes businesses of all nations, including those from Germany, to expand their investment in China, and conduct technology and knowledge
cooperation, Li said.
He added that the Chinese government is willing to create a business environment that treats Chinese and foreign enterprises equally so that they can
compete fairly, and to create the conditions for them to expand their business
based on market-oriented principles michael kors jet set bag uk , and conduct mutually-beneficial cooperation.
For her part, Merkel said both Germany and China are committed to promoting bilateral ties, adding that her country is willing to keep up with the
high-level exchanges with the Chinese side, strengthen their communication and
coordination, get the preparations for the new round of the inter-governmental
consultation started as soon as possible, and deepen trade cooperation for
mutual benefits.
THE National Audit Office has found some local governments inflated revenue levels and raised debt illegally in a nationwide
audit michael kors hamilton bag sale uk , Xinhua said yesterday.
Ten cities, counties or districts in the Yunnan, Hunan and Jilin provinces, as well as the southwestern city of Chongqing,
inflated fiscal revenues by 1.55 billion yuan (US$234 million), Xinhua
said michael kors hamilton bag uk , quoting a statement by the audit office.
Of that, 1.24 billion yuan was from the Wangcheng District in Changsha, the provincial capital of Hunan, where officials faked the
ownership transfer of local government buildings to boost income.
The inspection, which covered the third quarter of the year, also found that five cities or counties in the Jiangxi michael kors bedford bag sale uk , Shaanxi, Gansu, Hunan and Hainan provinces raised about 6.43 billion yuan in debt by violating rules, such as offering commitment
letters.
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