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MessagePosté le: Lun 10 Sep - 09:20 (2018)    Sujet du message: Mikael Backlund Jersey Répondre en citant

BEIJING Neymar Jersey , Sept. 25 (Xinhua) -- China's treasury bond futures closed higher on Monday, with the contract for settlement in December 2017 up 0.09 percent at 97.64 yuan (about 14.8 U.S. dollars).

The contract for settlement in March 2018 closed 0.11 percent higher at 97.82 yuan. The contract for settlement in June 2018 had no trading.

The contracts are agreements to buy or sell treasury bonds at a predetermined price and set date. They allow investors to bet on and profit from the movements in the value of the bonds.

The treasury bond futures were launched at the Shanghai-based China Financial Futures Exchange and started trading on Sept. 6, 2013.

(This article is generated by Xinhua News Robot.)

Workers set up large flower terrace on Tian'anmen Square in Beijing

Scenery of high-speed rail networks in south China's Guangxi

Military drill held near Turkish-Iraqi border in Sirnak

Autumn scenery of paddy fields in SW China's Guizhou

In pics: paddy fields across China

Scenery of high-speed rail networks in south China's Guangxi

Autumn scenery of Kanas scenic area in NW China's Xinjiang

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HANOI, Nov. 9 (Xinhua) -- Vietnamese lawmakers on Wednesday agreed to raise the government debt ceiling for the 2016-2020 period.

The move was taken in a resolution on the national five-year financial plan during 2016-2020 period adopted at the ongoing second session of Vietnam's 14th National Assembly (NA) held in Vietnam's capital Hanoi.

The resolution stated that in the next five years, the government debt will be kept not to exceed 54 percent of the gross domestic product (GDP), compared to the limit of 50 percent of the GDP during 2011-2015 period.

According to the NA Standing Committee, before adopting the resolution, many lawmakers argued that during 2016-2020 period, the government debt should be targeted below 53 percent.

Addressing the issue, the NA Standing Committee said the cap of government debt at 53 percent of the GDP for the whole five-year period will be hard to realize, as the rate for the previous five-year period of 2011-2015 was 50.3 percent, higher than the set limit of 50 percent of the GDP and the figure may reach 53.2 percent in 2016 alone.

As a result, the government debt should be curbed at less than 54 percent of the GDP for the five years to come, local VNEconomy online newspaper quoted the NA Standing Committee as saying.

In mid-October, the Vietnamese government proposed to raise the government debt ceiling to 55 percent, from the current 50 percent for the whole 2016-2020 period.

The resolution also requested in the next five years Vietnam's annual national repayment obligation to stay at less than 25 percent of the country's total export revenue. Meanwhile, the government's direct repayment obligation, excluding on-lending debt, should be less than 25 percent of the state budget revenue each year.

During 2016-2020 period, Vietnam is set to collect 6,864 trillion Vietnamese dong (307.8 billion U.S. dollars) to the state budget, up 1.65 times as much as that in 2011-2015 period.

The country's state budget spending is targeted to reach around 8,025 trillion Vietnamese dong (359.86 billion U.S. dollars) during the period, with more to be spent on investment for development and less on recurrent expenditure, said the resolution.

At the same time, the rate of state budget deficit in the next five years should not surpass 3.9 percent of the GDP. Earlier at the opening ceremony of the second session, Vietnamese Prime Minister Nguyen Xuan Phuc said in 2017 alone, Vietnam's state budget deficit is targeted at less than 3.5 percent of the GDP.
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