Category 上海龙凤1314

This has actually contribut上海龙凤1314o maintaining the

g the order of the international financial community,” Liu said.

Zhang Xiaohui, a senior researcher for the CF40 and a former assistant governor of the Chinese central bank, said, “The IMF concl上海龙凤1314

usion is objective and reflects that the yuan was assessed to be broadly in line with medium-term fundamentals.”

上海龙凤1314品茶微信Besides refraining from competitively depreciating its own currency, China has also b

een committed to promoting international currency policy coordination, said Zhu, the bank official.

President Xi Jinping announced at the Second Belt and Road Forum for International Cooperation in Beijing in April tha上海龙凤1314

t China will more effectively engage in international macro-economic policy coordination, including more improve

ments to the exchange rate regime, to ensure that the market plays a decisive role in resource allocation.

According to the IMF news release on Friday, its executive directors agreed that grea

上海龙凤1314品茶微信ter exchange rate flexibility and deeper and better-functioning foreign exchange

markets would help China’s financial system be more capable of dealing with capital flow volatility.

Chen Yuan, chairman of the CF40 Executive Council and former上海龙凤1314

vice-chairman of the Chinese People’s Political Consultative Conference, ca

utioned that China needs to prepare for long-term disputes, including in the field of finance.

Chen suggested increasing yuan-denominated settlements in global comm上海龙凤1314品茶微信

odity trade and accelerating the internationalization of the yuan to reduce reliance on the dollar.

Zhou Xiaochuan, chairman of the China Institute of Finance and a former c

上海龙凤1314entral bank governor, said at the CF40 forum over the weekend that China may have to take

countermeasures in the face of any tariff or nontariff barriers imposed against the country.

It was not manipulation but market forces that pushed the recent depreciation of the yuan against the gree上海龙凤1314品茶微信

nback, said Phil Levy, chief economist at Flexport, a San Francisco-based logistics company.

“It is difficult to argue that a failure to intervene against those market forces constitutes currency manipulation,” he said.

hebeishengxin.cn

On the one hand, judging上海龙凤1314ustrial developme

nt history, the relocation of some manufacturing industries from

上海龙凤1314China to overseas destinations is inevitable given the extent of China’s development. On the other h

and, this phenomenon does not mean China will lose its manufacturing and economic power.上海龙凤1314品茶微信

During the previous five industrial migrations, the economic development of the leading countries that hosted such industries didn’t stop after

some of the traditional sectors relocated to other countries. Instead, they soon saw the rise of new industries, high-end m上海龙凤1314

anufacturing and the service sector-and they are still developed economies. For example, the US is still the world’s larg

上海龙凤1314品茶微信est economy even 60 years after the third industrial migration, while Japan, Germany and Britain are ranked among the

top seven economies in terms of size and quality even decades after the industrial migration.上海龙凤1314

Relocation speed and scope not alarming

As a country with the world’s largest population, the third-largest territory, and the longest continuous上海龙凤1314

economic growth curve, China’s case will be the same even after the relocation of some of its manufacturing industries.

First, as mentioned above, the speed and scope of the manufacturing units’ relocation from China are not as fast and large as s

上海龙凤1314品茶微信ome people imagine. The industrial relocation from China started after the 2008 global financial crisis br

oke out, accelerated in 2012, and gained pace last year due to the Sino-US trade conflicts.

But the consequences are not expected to be very serious. For instance, from 2008 to 2018, global trade grew at an annual aver

age rate of 2.4 percent, while China saw 6.3 percent annual average export growth, which shows China’s export g上海龙凤1314品茶微信

rowth has been not only steady, but also 3.9 percentage points higher than that of global trade.

As a result, the share of China’s exports in global exports rose from 8.9

percent in 2008 to 12.9 percent in 2018, an increase of 4 percentage points. Which is a clear indica上海龙凤1314

tion that the relocation of manufacturing industries from China is not fast enough to make us feel worried.

Second, the rapid rise of emerging manufacturing industries in China will to a large extent offset t上海龙凤1314

he impact of the relocation of low-end industries on its entire manufacturing industry and e上海龙凤1314品茶微信

conomy. Therefore, China will continue to be a manufacturing and economic powerhouse.

dnrjpa.cn

an touches the wind上海龙凤131 4品茶微信subway train, June

The train is au上海龙凤131 4品茶微信tomatic driven. With intelligent monitoring and warning system, it can realize on-route fault early warning and initiat

e repair work when needed, compared with planned repair work on traditional subway trains.

The train can run at a speed of up to 140 kilometers per hour, faster than traditional subwa

y train. What’s more, it runs more stably because it uses full active suspension technology for the first time.

Thanks to the new sound-proof materials, the noise within carriages is five decibel lower than traditional carriages.

The train is also adaptable to bad operational environment. It can r

un smoothly in high or low temperatures, on high altitude, small-radius curves and big ramps.

The train is expected to undergo track test in July.

hmijw.cn

These high net worth individuals each possess inve

Meanwhile, 79 percent of the Chinese high net worth individuals polled said they are optimistic about their inves

tment returns for the next six months, while the average number was 62 percent in the North Asian markets.

Despite the fact that the benchmark Shanghai Composite Index sh

ed nearly 24 percent in 2018, 67 percent of Chinese participants said they will increase their inv

estments in the stock market in the next six months, much higher than the 51 percent registered in North Asia on average.

UBS found that cash still makes up about 30 percent of the investmen

t portfolios of Chinese high net worth individuals, which is the lowest among all surveyed Asi

a-Pacific markets, and even lower than the global average of 32 percent. Although China’s number is relatively lo

w, it is comparatively one of the most significant parts of the investment portfolios of high net worth individuals.

www.vnynui.cn

improved markedly. Their population has grown fro

rom about 2 million in the 1950s to about 13 million, and their religious rights and practices are protected by the law.

Nor would it adopt a double standard and criticize China’s efforts to counter terrorism and extremism. Last year, tourists fr

om home and abroad paid more than 150 million trips to Xinjiang, thanks to the improved security situation in

the region. That Xinjiang has not witnessed any violent or terrorist incidents in recent years proves the effect

iveness of the joint efforts of the government and local people in maintaining regional peace and stability.

Xinjiang is undoubtedly in its best development stage in histo

ry. Facts speak louder than words, but still they cannot wake up persons pretending to be asleep.

The targeting of Hikvision is just par for the course for the curren

t US administration, which is obsessed with impeding China’s development.

zzyosj.cn

hina, International Pavilion big expo drawsing distr

As landmarks of the International Horticultural Exhibition 2019 Beijing China, the China Pavilion and the Inter

national Pavilion are attracting large numbers of visitors thanks to their unique designs and functions.

Covering an area of 5 square kilometers, the expo is being held in the capital’s Yanqing district.

Following the ancient wisdom of the Chinese people, the China Pavilion takes the shape of a green b

uilding that can “breathe” and has “life”, as described on the exhibition’s official website.

Core portions of the pavilion are composed of terraced fields. Fun

ctions of both irrigation and insulation are at play, and th

e fields help reduce energy consumption of the building while also offering heating or cooling functions.

www.ixhhw.cn

Well-tuned steps urged for poverty eradicatio

President Xi Jinping underlined on Monday the need to shore up areas of weakness and carry out more targeted pove

rty alleviation efforts in building the country into a moderately prosperous society in all respects.

Xi, also general secretary of the Communist Party of China Central Committee and chair

man of the Central Military Commission, made the remark while presiding over the fourth meeting of t

he Central Committee for Financial and Economic Affairs. Xi is head of the committee.

The meeting stressed the importance of achieving targets for poverty alleviation across the boar

d and focusing efforts on areas of extreme poverty, according to a statement released after the meeting.

It is important to tackle the remaining difficulties faced by people still confronting hard

ships in terms of their access to education, medical care, quality housing and safe drinking water after ens

uring that their basic needs for food and clothing have been met, the statement said.

It added that solving prominent environmental pollution probl

ems must be prioritized to ensure periodical targets can be achieved before 2020.

www.shlfsm.com

On the basis of the four China-Japan political documen

s and in the spirit of seeing history as a mirror as well as facing the future, the two nations sho

uld continue to work toward the long-term, healthy and stable development of bilateral relations, he said.

As major economies in the world, China and Japan both support free trade and obey WTO rules, Li said.

He also welcomed Japanese businesses to expand investment in China

as the country will continue to unwaveringly deepen reform and expand opening-up.

China stands ready to move forward with talks with Japan and other rel

ated parties to further the negotiations regarding the Regional Comprehensive Econo

mic Partnership as well as the China-Japan-Republic of Korea Free Trade Agreement, he said.

Li also voiced China’s support for Japan’s hosting of the G20 Summit, which is slated this year

to be held in Osaka, and he hoped it would inject fresh impetus into global economic growth.

Kono expressed his appreciation for efforts made by the Chinese premier in helping return bilateral relations to the right track.

sailingcity.org

As the central government started a new round of subsi

China and the European Union have committed to achieving major progress this year in negotiations for a high-level bilateral in

vestment agreement with a view to concluding the ambitious accord next year, according to a joint statement.

The two sides pledged to widen market access, eliminate discriminatory requireme

nts for foreign investors and establish a balanced investment protection framework, according to a joint statem

ent issued after the China-EU leaders’ meeting held in Brussels, Belgium, on Tuesday.

Premier Li Keqiang, European Council President Donald Tusk and Eur

opean Commission President Jean-Claude Juncker co-chaired the annual meeting and reach

ed consensus on a wide range of issues, including bilateral ties, global challenges and governance.

They committed to building an economic relationship based on openness, nondiscrim

ination and fair competition, ensuring a level playing field, transparency and mutual benefit, the statement added.

Two-way trade between the EU and China reached more than $682 billion last year. The E

U is China’s biggest trading partner, and China is the EU’s second-largest trading partner.

khlee.com.cn

He is scheduled to meet with European Council Presi

sident Donald Tusk and European Commission President Jean-Claude Juncker on Tuesday at the European Union headquarters in the Belgian capital.

The leaders of the two sides will exchange views on China-EU relations and major international

and regional issues of common concern. A number of agreements are to be signed after that.

This is Li’s fifth time attending the China-EU leaders’ meeting as prem

ier, and his sixth visit to a Central and Eastern European nation to attend the China-CEEC

meeting, with the previous five being in Romania, Serbia, Latvia, Hungary and Bulgaria.

Vice-Foreign Minister Wang Chao, who oversees China’s relations with EU

nations, said at a briefing last week that the EU is a highly integrated regional bloc an

d a vital strategic force in the international community. China and the EU share broad com

mon interests in pragmatic cooperation and have a common stance regarding multilateralism and free trade, he said.

The EU has been China’s biggest trading partner for 15 consecutive years and Chin

a is the regional bloc’s second-largest trading partner after the United States, with bilater

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