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settlement and sales by banks stood at $6.6 billion, down 44 percent from H2 2018, SAFE data showed.
The reading indicated a relatively good supply-demand situation of the forex market, while monthly fluctuations refl娱乐地图
ected the overall stability of market expectations and the market-oriented adjustment of prices, Wang said.
娱乐地图女神会所According to Wang, China’s forex market showed stable sentiment amid trade frictions with the US and the exchanges bet
ween Chinese and American companies are still very close, which is playing a positive role.
“We are confident to cope with the changing situation and maintain the stability of cross-border capital flows in China,” Wang said.娱乐地图女神会所
A national bankruptcy mechanism is under discussion by policymakers, covering local gover
娱乐地图nments and enterprises, to prevent systemic financial risks, said a senior official with the central bank.
“The key task is to prevent debt default risk,” said Wan Cunzhi, director-general of the PBOC’s Credit Information System Bu
reau, at a news conference on Thursday. He said the mechanism will include inde
bted local governments, while market-oriented measures will be introduced to ease their debt burden.娱乐地图女神会所
Bankruptcy of local governments was rarely mentioned in China before, and the official didn’t re
娱乐地图lease more details on the mechanism. It reflected that policymakers have noticed the potential challe
nges and more measures are expected to strengthen financial stability, analysts said. Total local government deb
t reached 19.9 trillion yuan ($2.89 trillion) by May, according to the Ministry of Finance.娱乐地图女神会所
The State Council released a guideline on Tuesday for building a credit-based market regulation system. The bankruptcy mechanism is one part of the who
娱乐地图le system. Besides local government, individuals and enterprises will also be regulated.
Companies with bad credit records will receive serious punishment
, said Lian Weiliang, deputy head of the National Development and Reform Com娱乐地图女神会所
mission. “For the worst scenario, the companies could be prohibited from the market.”
The measures for rating companies’ credit are being drafted, and market-oriented third-part
y institutions and industry associations will be involved in the rating process, according to Lian.
he re-weightings and consequent portfolio rebalancing should not be viewed in isolation. In particular, the inve
上海千花坊女神会所stment index changes will be phased in over many months, which will allow investor
s to gradually and smoothly re-allocate their investments, thus mitigating the impact on volatility; and the c上海千花坊
ontinuing inflows of new AUM across constituent markets, which should help to further smooth capital flows.
上海千花坊女神会所The author is a financial sector specialist with the ASEAN+3 Macroeconomic Resear
ch Office (AMRO), a regional macroeconomic surveillance organization. This is an excerpt from the organ
ization’s latest report. The views don’t necessarily represent those of AMRO or China Daily.上海千花坊
In an international conference on religious freedom he hosted in Washington
上海千花坊女神会所from Tuesday to Thursday, US Secretary of State Mike Pompeo again showed how freely his tongue can wag in an ef
fort to portray the United States as a beacon of freedom in a world that he painted as pitch-black.
Alleging that “83 percent of the world’s population live in countries where religious freedom is either threatened or deni上海千花坊
ed entirely”, the evangelical Christian even helpfully proffered a list of those countries he considers culpable.
上海千花坊女神会所Not surprisingly, given his past lambastings of it, China came in for a tongue-lash
ing with Pompeo asserting it is “home to one of the worst human rights crises of our time”.
This is not the first time he has pointed an accusing finger at China’s policies in the Xinjiang Uygur autonomous region. Bu上海千花坊
t this time he took his rhetoric up a notch describing it as “the stain of the century”.
上海千花坊女神会所He might want to look closer to home for that, as the detention centers on the US southe
rn border are more fitting of that description, having been described by some as “concentration camps”.
Even the US president has admitted, “they’re very crowded, in many cases”. 上海千花坊
But Pompeo carefully avoided overstretching his tongue when presenting h
is examples of China’s human rights abuses. He failed to mention that the many illegal religions and s上海千花坊女神会所
ocial organizations in China and elsewhere in the world are funded by his government for its own political purpos
上海千花坊女神会所es; and that many separatist organizations are on the payroll of Washington under the name of freedom fighters.
held by the Tokyo National Museum, with 85 percent of the
上海龙凤419品茶微信exhibits on display in Japan for the first time, says Zeniya Masami, executive director of the museum.
Zhou Ming, deputy director of Art Exhibitions China, says he b
elieves the exhibition would arouse a new enthusiasm among the Japanese people for t上海龙凤419
he culture of the Three Kingdoms and help them gain a deeper understanding of the period’s history.
上海龙凤419品茶微信According to the exhibition, the Three Kingdoms period began around 1,800 years ago
amid the chaos of the Eastern Han Dynasty (25-220). The events of this time, along with tales about the rise and fa
ll of the era’s various warlords, were recorded and later became popular legends.上海龙凤419
They provided the inspiration for numerous works of poetry, literature and painting, leading to
the formation of a rich and colorful “Three Kingdoms culture” that still resonates to this day.上海龙凤419
Up until now, the stories of the Three Kingdoms have been contin
uously developed in various forms in Japan, including novels, comics, puppet shows and
games, with many characters of the Three Kingdoms familiar to the Japanese people.
A project launched by Beijing Normal University invites foreign filmmakers to visit the country
and use film to focus on activities that foster understanding and create bonds, Xing Wen reports.上海龙凤419
The documentaries zoom in on those who make a difference. The Looking China Youth
Film Project, organized by the Beijing Normal University, shows ordinary peop上海龙凤419
le doing extraordinary things or the bond between humans and nature. Their passions are documented by d
omestic and international filmmakers who portray the inspirational activities of their subjects.上海龙凤419品茶微信
Ge Yuxiu’s story puts both beauty and danger in the frame. Crouching, waiting, ready to shoo
t, his military training comes in handy but the shot he takes will be with a camera. Wearing a brown wide-brim上海龙凤419品茶微信
med hat, a khaki vest and faded overalls, Ge is camouflaged in the high grass. At one with nature. He recognizes the
high-pitched chorus of wild birds and insects such as bush crickets and katydids. The wind rustles a scattering of pla
nts on the flat, monotonous and desolated land in Northwest China’s Qinghai province.
The fifth China Children’s Book Expo (CCBE), taking place in Beijing’s Cultural Palace of Natio
nalities through July 23, explores new ways of introducing literature to the young in China.上海贵族宝贝
With 161 precious Chinese cultural relics, the exhibition Three Kingdoms: Unveilin
上海贵族宝贝g The Story opened to visitors at the Tokyo National Museum in the Japanese capital on July 9.
In order to let Japanese audience have a deeper understanding of the cultural essence of China, and to strengthen the cultural上海贵族宝贝品茶微信
exchanges between the two countries, Chinese and Japanese experts spent three years visiting more than 50 cultural
上海贵族宝贝institutions in more than 20 provinces and autonomous regions in China to select the exhibits.
This year marks the 70th anniversary of the founding of the People’s Republic of China. In response to a call from the Communis
上海贵族宝贝t Party of China (CPC) Central Committee, the CCBE aims to promote to the Chinese public.
Hosted by the Xicheng district government in Beijing and the Publishers Association of China, the expo focuses on the i
nternational exchange of children’s books. It gathers works from major publishing houses abroad and in China, throu上海贵族宝贝品茶微信
gh a variety of activities, to open up the world of literature and illustrations to children.
上海贵族宝贝The expo hall is divided into sections, including a reading area, boo
k display, international illustration gallery and a writer meet-and-greet zone.
上海贵族宝贝Over 10 publishers have brought around 35,000 children’s books to the event that will feature 108 activities for visitors.
Noteworthy of the event is the attendance of international children’s b
ook publishing brands such as Scholastic, DK, Penguin Books and HarperCollins, whi上海贵族宝贝品茶微信
le the picture book exhibition onsite comprises award-winning works in 11 different languages.
上海贵族宝贝Different from conventional book expos, the CCBE combines printed books with immersive child-friendly activities – attend
ees will be able to explore reading through AR devices, reading games and live theater performances.
Exhibitors and visitors are also welcome to donate children’s books, which will later be transported to poverty-stricken areas in Chin上海贵族宝贝品茶微信
a.A three-day forum focusing on the creativity of Chinese writers and illustrat
ors and the evolution of children’s books in the digital era will take place during the expo.
omplicated process, which requires a unanimous vote of the En
d-User Review Committee, which comprises the Department of Commerce as chair, and the depar上海后花园
tments of state, defense and energy and other agencies. Which means Huawei could remain on the list for some time.
上海后花园品茶微信The US may have relaxed restrictions on Huawei, but that alone is not enough for the Chinese company
to develop its overseas markets. So Huawei can continue to purchase chips and other tech上海后花园
products from US companies to make mobile phones but cannot sell those mobile phones in the US.
Also, the US’ decision to keep Huawei on the Entity List until the concl
上海后花园品茶微信usion of the Sino-US trade negotiations will lead to considerable uncertainty. And the US presi
dential election next year could complicate matters further, as the American public opinion about China,
and the attitudes of the Democratic and the Republican parties could influence the final outcome.上海后花园
The US has relaxed the restrictions on Huawei as a negotiation strategy w
ithout changing its China policy. Since the information and communication te
上海后花园品茶微信chnology sectors of the two countries are still intertwined thanks to economic globalizat
ion, Huawei and China’s high-tech industry have become bargaining chips in Sino-US trade negotiations.
Chinese companies should therefore make greater efforts to intensi上海后花园
fy research and development in technology, particularly in high-tech and
core technologies, so they can better tackle eventualities and ultimately become self-sufficient.
上海后花园品茶微信The author is an associate professor at the Institute of International Relations, Com
munication University of China. The views don’t necessarily represent those of China Daily.
media accuse China of violating human rights in Xinjiang not because they care for the people of the region but because they want to use hu
man rights as a weapon to attack China so they can hide their own atrocious human rights records.
Just as Deng Xiaoping said, some Western countries use issues su
ch as human rights to criticize China, but what they’re really after is China’s sovereignty. In pa
rticular, the US, given its grim human rights record, has no right to criticize China.
If governments and people across the world want to safeguard huma
n rights and promote the global cause of human rights, they should abandon their biases ag
ainst each other, respect cultural diversities and realize that human rights are really ab
out making people’s lives better, which is exactly what the central government has been doing in Xinjiang.
of the State Council, China’s Cabinet, on Wednesday, it was decided t
hat 10 percent of the shares of domestic large-and medium-sized State-owned e
nterprises will be transferred to the social security fund. Beijing News comments:
State capital belongs to the people and should benefit all members of society. It is also the co
mmon practice of developed countries to supplement social security fund with State-controlled capital.
After the money is transferred, the SOEs will enjoy the rights and profits
as financial investors, while the social security fund will be strengthened.
Before the move, the social security fund mainly rel
ied on enterprises and fees paid by individuals plus financial subsidies.
Especially, in the past round of SOE reform, many retirees were allo
wed to get their pensions without ever paying for them, which means the whole society sub
sidized the SOEs. Now the SOEs are flourishing and it is time they render some help back to society.
Money from the SOEs has long been considered an important way to supplement the social security fund. Howev
er, progress in achieving this goal has been rather slow. According to a national audit report, at the end of March this
year, only 113.2 billion yuan ($16.42 billion) of 23 SOEs had been transferred to the social security fund, which account
s for less than 10 percent of the planned total. Only four provinces had started the job.
There are vested interests behind this. For example, certain local government
good global vision, political foresight, and understanding of international relations,” he said. “She has ac
complished a lot in the past eight years, thus, moving to lead ECB won’t be difficult for her.”上海龙凤419品茶微信
Wei, also a member of the Academic Committee of the International Mo
上海龙凤419netary Institute of Renmin University of China, said that he also appreciates Lagarde’s ef
forts in making the Chinese currency RMB part of the IMF Special Drawing Rights basket on Oct 1, 2016. It made the R
MB the fifth currency in the basket, joining the US dollar, euro, Japanese yen and British pound.上海龙凤419品茶微信
Edward Tse, founder and CEO of management consultancy Gao Feng Advisory, said that Lagarde’s comp
上海龙凤419rehensive experiences in multilateral institutions would make her a qualified ECB head.
He said that an important part of leading the ECB is balancing the p
olitical interests among eurozone members, so political skills are essential and somet上海龙凤419品茶微信
imes are more important than technical skills. And, in the ECB, there are already many economists to assist her.
“The most important part of leading the ECB is political sensitivity and political coord
上海龙凤419品茶微信ination capacity,” he said. “So EU leaders’ choice of Lagarde is very reasonable.”
He added that the EU’s economy lacks vitality, so whoever is ECB head will find it hard to change the situation.
“If Lagarde gradually solves the current problems with her high political sensitivity, it is already the best scenario,” he said.上海龙凤419
The European Union on Wednesday lowered its forecasts for economic growth next year fo
上海龙凤419品茶微信r both the 19-country eurozone as well as other countries within the bloc, partly due to the United Kingdom’s i
mpending exit from the bloc as well as current trade tensions around the world. Eurozone growth is expected to pick up f
rom 1.2 percent this year to 1.4 percent in 2020, down from a previous estimate of 1.5 percent.上海龙凤419
Tse said that EU’s economy has entered a structural downturn, and in many countries, ma
king short-term adjustments cannot help them achieve rapid economic development.上海龙凤419品茶微信
“Up till now, EU countries haven’t found the means for quic
k economic growth yet, which is different from the situation in China and t
he US, where innovation acts as the main driver for economic development,” he said.
the new round of opening-up opportunities in China, strengthen cooperation and coordination to push Si
no-Japanese economic and trade relations to a new level in the new era,” Zeng said.上海419论坛
In response, Yasuo Fukuda, a former prime minister of Japan, said Tokyo and Beijing sh
上海419论坛品茶微信ould enhance cooperation to handle uncertain future of world economy.
“At this front, China and Japan should further strengthen mutual und上海419论坛
erstanding and use various platforms like this dialogue to solve problems,” he said.
Nobuyuki Koga, chairman of the board of councilors of the Japan Business Federation, or上海419论坛
Keidanren, said Japan and China should work together to achieve sustainable an
d inclusive development of world economy and contribute to its peace and prosperity.
上海419论坛品茶微信After the dialogue, the two sides issued a joint statement suggesting ambitions and willingne
ss to safeguard and strengthen rule-based multilateral trading system, promote refor
m of the World Trade Organization as well as enhance third-party market cooperation.上海419论坛
A nationwide immigration enforcement operation targeting people who are in the United S
上海419论坛品茶微信tates illegally is expected to begin this weekend after it was postponed last month by US President Do
nald Trump, according to two administration officials and immigrant activists.
The operation, which has sparked outrage and concern among immigrant-rights advocates, would上海419论坛
target people with final deportation orders, including families whose immigration cases were fast-t
racked by judges in 10 major cities, including Chicago, Los Angeles, New York and Miami.上海419论坛品茶微信
The operation is similar to ones conducted regularly since 2003 that often produce hundreds of arrests. It is slightly unusual
上海419论坛品茶微信to target families, as opposed to immigrants with criminal histories, but it’s not unprecedented. The
Obama and Trump administrations have targeted families in previous operations.
Zhu Yue, chairman of China Health and Elderly Care Group who a
ttended the meeting, told China Daily that the economies of the China an
d Japan are highly complementary so cooperation will only be mutually beneficial.
Taking the elderly care sector as an example, Zhu said that China has a huge m
arket and is starting to face an aging society while Japan is very experienced and h
ad high technologies, so “cooperation will definitely benefit the people of the two countries”.
ina will firmly 上海419女神会所support the DPRK’s socialist cause, the country’s new strategic line and its efforts
to promote the political settlement of the peninsula issue and safeguard regional peace and stability, Xi said.上海419品茶微信
On behalf of the Party, government and people of China, Xi expressed gratitude for the warm rec
上海419eption and thoughtful arrangements from the DPRK. The friendly and enthusiastic atmosphere thr
oughout the visit has reflected the deep friendship between the two parties and two countries, Xi said.
the traditional friendship between China and the DPRK, set the direction for the deve
上海419lopment of bilateral ties in the new period and demonstrated the two countries’ firm determination to promote th
e political settlement of the peninsula issue and safeguard peace and stability of the region.
The visit took place in this important year, which marks the 70th anni
versary of diplomatic relations. It is also the fifth meeting between the two leaders in the pa上海419品茶微信
st 15 months, Xi said, adding that both are vivid demonstrations of the vitality of China-DPRK traditional friendship.
The restoration process starts with scanning the film negatives or prints into a digital pict上海419
ure and raw sound format. Then each frame of the scanned material undergoes an automated digital res
toration process that involves the correction of color, brightness, and contrast. The process also involves the digital removal of scratches and u上海419
nnecessary noises, restoration and remastering of sound, said Liu Junhui, a senior director from iQiyi.
Even with the aid of AI technologies, digital restoration of old productions is no mean feat, as上海419品茶微信
increasing the image resolution is one thing, but restoring its original texture is quite another, which
上海419requires technologies, as well as a craftsmanship spirit. For instance, 30-plus members of the Youku digital r
estoration team worked for as long as a month to fully restore the 1983 megahit, The Bund.
“Our team has made various attempts to enhance audiences’ viewing experience. If only the definition is increased through transcoding, audiences may feel that the ima上海419品茶微信
ges have been doctored through filters. So we went to great lengths to restore the texture that is unique to the pe
riod when the classical series was shot,” said Guo Linna, a senior visual optimization engineer from Youku.
Though Youku’s digital restoration team is made up of no more than 40 members who上海419
do not work full time, every week it can restore 100-plus episodes of old TV dramas.
Speaking of her original motivation, Guo said that she chose to restore those old TV series bec
上海419品茶微信ause on the one hand, she wanted the post-80s generation to have better access to recalling childhood memories, a
nd on the other hand, she wanted the younger generation to gain new experience through watching these classic works.
“It’s hot in the t阿拉爱上海女神会所ent. But I’m happy to be with classmates I will miss after graduation,” said Li Xiao, a 13-year-old student.
The tent was donated by the Yibin military subarea of the Sichuan Military Area and ass阿拉爱上海女神会所
embled by 30 militiamen, said Liu Xiao, head of the Changning County People’s Military Department.
阿拉爱上海”They put themselves at risk in damaged classrooms to take desks and stools to the tent classroom,” Liu said.
Hu Yibing’s father Hu Zhiqiang, who works in a shoe factory in Wenzhou, Zhejiang
province, said the parents of all the sixth graders received a notice on WeChat that classes would resume.阿拉爱上海女神会所
“I didn’t know how many sixth graders would come to the tent classroom as some of them were injured in the eart
hquake and some of their homes were damaged. But most of them came,” said Guo Gang, the deputy headmaster.阿拉爱上海
The supporting housing of the new Fengtai station will also reach 357,000 square meters, Li said.
“A set of high-standard surrounding facilities will be built for the new railway station to incre 阿拉爱上海
ase the overall passenger capacity,” he said, adding that the supporting services for the rou
阿拉爱上海女神会所nd-trip railway line, a carriage maintenance station as well as a bullet train repair site will start construction soon.
Trains on the Beijing-Guangzhou line and Beijing-Shanghai rail line, two major routes th
rough the capital’s Fengtai district, had been diverted to create space for construction, said Li. 阿拉爱上海
The new station will also make it more convenient for passengers in southern Beijin
阿拉爱上海女神会所g to take trains directly from Fengtai to Shijiazhuang, Zhengzhou and Wuhan.
The Fengtai station is being relocated 1.4 kilometers northeast of its original loca
tion to an area between the west Third Ring and Fourth Ring roads in Beijing. 阿拉爱上海
With four floors above ground and three underground, the Fengtai station will be a two-la
yer structure combining conventional train and bullet train routes, the construction company said. 阿拉爱上海
Built in 1895, the old Fengtai station was the oldest in the capital. In Ju
ne 2010, the station ceased passenger services, with trains just passing through.