In a speech on Friday, President Xi Jinping underscored Beijing's recent interpretation of Hong Kong's Basic Law, a move that blocked two pro-independence lawmakers in the city from taking office. Xi's message also took aim at Taiwan and any ideas its leaders have about independence from mainland China: "All activities that intend to divide the country will certainly be firmly opposed by all Chinese people," he said. "We will never allow anyone, any organization, any party to split off any tract of territory from China anytime, or in any way."
China’s central bank orders 17 major lenders to rein in property loans that are fueling a nationwide credit surge
Officials from the People's Bank of China summoned executives and lending managers from banks, including the state-run "big five," and instructed them to cool mortgage loans and improve their risk management.
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