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Yunmeng Xiangshan Museum offers insight into ancient China's governance

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      China

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      Yunmeng Xiangshan Museum offers insight into ancient China's governance

      2024-11-08 01:23 Last Updated At:02:17

      The Yunmeng Xiangshan Museum in central China's Hubei Province has more than 5,000 pieces of cultural relics with the most famous collection being bamboo and wooden slips, the main medium for writing documents in China before the widespread use of paper, offering a rare glimpse into the nation's administrative, legal and social structures 2,200 years ago.

      Among the museum's collection are 49 under national first-class protection, 64 second-class, and 242 third-class.

      Over 1,000 bamboo slips were discovered in a Qin tomb in Yunmeng County in 1975. The artifacts are of great value to the historical analysis of the politics and law of the late Warring States Period (475-221 BC) to the Qin Dynasty (221-206 BC).

      The bamboo slips detailed the legal system, local governance, and medical practices of the period. Containing about 40,000 characters, these slips represent the first known documentation of Qin Dynasty laws and administrative systems.

      Among them, The Eighteen Types of Qin Laws is the earliest and most complete ancient legal document discovered in China to date. It provides detailed regulations on various aspects from agricultural production to warehouse management, currency, and provisions for the postal system. These legal texts and their underlying principles hold significant value for studying the history of China's ancient legal system.

      Ancient bamboo and wooden slips are slender, rectangular pieces on which ancient Chinese recorded information using brush and ink before the invention of paper. Every slip measures 23.1 to 27.8 centimeters in length and 0.5 to 0.8 centimeters in width. They're a symbol of Chinese heritage and provide detailed and reliable information for further research focusing on ancient China.

      Next to each of the displayed slips is the original text of the ancients and its translation into modern terms. The handwriting is clear and the translation is easy to understand. It records the social order, wisdom and family affairs thousands of years ago.

      "Yunmeng is the first place where Qin Dynasty bamboo slips were discovered. It not only fills a gap in archaeological history, but the content recorded in it, especially the legal content, is the earliest and most complete evidence of legal code seen so far in China. In addition, the earliest wooden slips of family letters discovered so far and the longest document in China were also unearthed here," said Zhang Hongkui, curator of the museum.

      Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, visited the museum earlier this week to learn about the local efforts to enhance the protection, research and use of cultural relics in Yunmeng County.

      President Xi said ancient bamboo slips are precious and important physical evidence of ancient China which should be well protected and carefully studied. He emphasized that archaeological work must be continued to gather more materials depicting the country's history.

      Yunmeng Xiangshan Museum offers insight into ancient China's governance

      Yunmeng Xiangshan Museum offers insight into ancient China's governance

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      China's relatively fast credit growth provides solid support for real economy

      2025-05-15 12:23 Last Updated At:12:37

      China recorded a relatively fast credit growth in the first four months of this year, providing solid support for the country's real economy, economists said.

      China issued 10.06 trillion yuan (about 1.39 trillion U.S. dollars) in new yuan-denominated loans in the first four months of 2025, data from the People's Bank of China, the central bank, showed on Wednesday.

      "The reasonable growth of new loans fully meets the effective financing needs of the real economy from equipment renewal in manufacturing to capital turnover in the service industry, and stimulates the vitality and creativity of market entities," said Lu Zhe, chief economist of Soochow Securities Co., Ltd.

      Dong Ximiao, chief researcher of the Merchants Union Consumer Finance Co., Ltd, has also noted that at the end of April, the growth rate of yuan-denominated loans was still significantly higher than the nominal economic growth rate.

      "In the fourth quarter of last year, the issuance of special refinancing bonds for debt repayment exceeded 2 trillion yuan. From January to April of this year, nearly 1.6 trillion yuan worth of such bonds were issued. Market research estimates that the corresponding loans to be replaced amount to about 2.1 trillion yuan. After adjustment, the growth rate of yuan-dominated loans remained above 8 percent at the end of April. It is expected that the growth of the financial aggregate will remain stable in the next stage," Dong said.

      Meanwhile, financing costs remained at historically low levels. Data showed that the weighted average interest rate on new corporate loans issued in April was around 3.2 percent, about 4 basis points lower than that in the previous month, and the weighted average interest rate on new personal housing loans stood at about 3.1 percent.

      "The steady growth of financial data in April indicates that the 'moderately loose' monetary policy has continued to show its effectiveness. The growth in both quantity and quality of loans, the reasonable increase in money supply, plus abundant liquidity, demonstrate the strong support of the financial system for the real economy," said Lu.

      China's relatively fast credit growth provides solid support for real economy

      China's relatively fast credit growth provides solid support for real economy

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