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CGTN reporter explores enchanting musical art form in Fujian

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CGTN reporter explores enchanting musical art form in Fujian

2024-05-25 18:12 Last Updated At:05-26 10:52

China Global Television Network (CGTN) journalist Rachel Weiss brought audiences to discover the enchanting world of folk music Nanyin from eastern China's Fujian Province as part of the "China Up Close" campaign.

Originating in Quanzhou City, Nanyin is a vital musical art form for the people of southern Fujian Province.

This ancient tradition features slow, elegant melodies played on unique instruments like the dongxiao, or bamboo flute, and the pipa, or crooked-neck lute.

Nanyin performances include three components: instrumental pieces, vocal music, and ballads sung in the Quanzhou dialect.

The extensive collection of songs preserves ancient folk music and poetry.

It is a cultural gem that has shaped opera, puppet theater, and more.

In 2009, Nanyin was listed as a World Human Verbal and Intangible Cultural Heritage by UNESCO.

The first leg of the "China Up Close" series is Fujian, bringing together 21 journalists and other media professionals from 18 countries across the Asia Pacific region to embark on a week-long tour of the coastal province starting from May 19.

The tour aims to help broaden understanding of China within the global media industry, letting reporters observe its development and engage in extensive exchanges.

CGTN reporter explores enchanting musical art form in Fujian

CGTN reporter explores enchanting musical art form in Fujian

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Chinese central bank adds liquidity via reverse repos, MLF

2024-06-17 16:53 Last Updated At:17:07

The People's Bank of China injected liquidity into the banking system through reverse repos and medium-term lending facility (MLF) on Monday.

The central bank conducted 4 billion yuan (about 562.2 million U.S. dollars) of seven-day reverse repos at an interest rate of 1.8 percent.

A total of 182 billion yuan was also injected into the market via the MLF, which will mature in one year at an interest rate of 2.5 percent.

The move is aimed at keeping liquidity reasonable and ample in the banking system to fully satisfy the needs of financial institutions, the central bank said in a statement.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

The MLF tool was introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank using securities as collateral.

Chinese central bank adds liquidity via reverse repos, MLF

Chinese central bank adds liquidity via reverse repos, MLF

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