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ZHURIHE, Inner Mongolia Rees Odhiambo Rush Jersey , July 30 (Xinhua) -- President Xi Jinping said Sunday China needs a strong army more than ever, urging the building of the People's Liberation Army (PLA) into a world-class military force.
Speaking shortly after a grand military parade at the Zhurihe training base in north China's Inner Mongolia Autonomous Region to mark the PLA's 90th anniversary, Xi said enjoying peace is a bliss for the people while protecting peace is the responsibility of the people's army.
?"The world is not all at peace, and peace must be safeguarded Jarran Reed Rush Jersey ," said Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission.
"Today, we are closer to the goal of the great rejuvenation of the Chinese nation than any other time in history, and we need to build a strong people's military more than any other time in history Germain Ifedi Rush Jersey ," Xi said.
He urged the PLA to fully implement the CPC's thoughts on building a strong military, follow the path of strengthening the army with Chinese characteristics, strive for the CPC's target on strengthening the PLA under the new circumstances, and build the heroic PLA into a world-class military.
U.S. Secretary of Treasury Steven Mnuchin testifies at a hearing before the House Financial Services Committee on Capitol Hill in Washington D.C. Tedric Thompson Rush Jersey , the United States, on July 27, 2017. U.S. Secretary of Treasury Steven Mnuchin said on Thursday that housing finance reform remains a priority for the Trump administration. (XinhuaTing Shen)
WASHINGTON, July 27 (Xinhua) -- U.S. Secretary of Treasury Steven Mnuchin said on Thursday that housing finance reform remains a priority for the Trump administration.
"The current system -- in which the GSEs (government-sponsored enterprises) remain in perpetual Federal Housing Finance Agency (FHFA) conservatorship - is not sustainable and leaves taxpayers at risk Amara Darboh Rush Jersey ," Mnuchin said at a hearing before the House Financial Services Committee.
"Our housing finance policy should be clear and should be designed to provide financing for homeowners and owners of multi-family units. Additionally, such policy should increase private sector participation and protect taxpayers," he said.
U.S. mortgage finance firms Fannie Mae and Freddie Mac were put under conservatorship by the U.S. government after suffering heavy losses from the collapse of the subprime mortgage market in 2008. The U.S. Treasury pumped about 187.5 billion U.S. dollars into the two companies to keep them afloat.
The two mortgage giants own or guarantee about half of all mortgages in the United States. Along with other federal agencies, they backed nearly 90 percent of new mortgages over the past several years.
"Today Nazair Jones Rush Jersey , the federal government's role in housing finance is even greater than it was before the crisis. The overwhelming majority of new mortgages are issued with government backing in a highly concentrated securitization market," Federal Reserve Governor Jerome Powell said earlier this month, warning the current housing finance system leaves the United States "both potent.