Supported by the la雅博体育app下载乌托邦ulation of forex rese

erves, the country has seen stable and fast economic growth in the past four decades, with lowe

r inflation. Thanks to the reserves, China can also benefit from a favorable international trade and fina雅博体育app下载乌托邦

ncial environment in the long term, Chen Yuan, a former deputy governor of the central bank and former vice-ch

irman of the Chinese People’s Political Consultative Conference, said at a forum on Aug 10.

雅博体育app下载乌托邦品茶微信”Previously, we identified the foreign exchange reserves as an important milestone for ec

onomic development and society’s core wealth. Now, we have to reposition the foreign exchange market,” he added.

According to Chen, faced with new challenges, including foreign exchange rate issues raised by the United States rec雅博体育app下载乌托邦

ently, the priority is to keep these reserves safe, and strengthen the renminbi’s position globally.

Chen sees potential in foreign exchange rate risks, as the majority of China-reserved foreign assets are in US dollars.

Currency composition雅博体育app下载乌托邦品茶微信

Late last month, the State Administration of Foreign Exchange, or SAFE, C

hina’s forex regulator, said the country’s foreign exchange reserves held in US dollars

雅博体育app下载乌托邦accounted for 58 percent of the total by the end of 2014, down from 79 percent in 1995.

Among global foreign exchange reserves, assets held in US dollars comprised 65 percent of

the total by 2014, up from 59 percent in 1995, according to SAFE’s annual report last year.雅博体育app下载乌托邦

For the first time, SAFE made public the currency composition of the

forex reserves, after first reporting data to the Currency Composition of Foreign

雅博体育app下载乌托邦Exchange Reserves, or COFER, an International Monetary Fund database, in 2015.

According to COFER, which keeps quarterly data on the currency composition of official雅博体育app下载乌托邦品茶微信

foreign exchange reserves, the world’s forex reserves reached $11.59 trillion in the fir

st quarter of this year. Some 58.14 percent of the total was in US dollars, compared with 1.8 percent in renminbi.

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Cai said the parade 雅博体育app下载419论坛ighlight the comma

and system, scale and structure, innovation and development of the country’s n

?雅博体育app下载419论坛品茶微信ational defense and strength of air operations after military reform and restructuring.

It will comprehensively demonstrate China’s achievements in buildin

g its national defense, highlight an “open and confident” military image and manifest co?雅博体育app下载419论坛

mbat capabilities, Cai said. It will focus on displaying the capabilities of joint operations

and training that have incorporated information technology and are systematic and cooperative, he said.

?雅博体育app下载419论坛Cai said the parade is not aimed at any country, region or situation but is meant to show China’s confidence and dete

rmination to safeguard national sovereignty and security and defend world peace and stability.

The military parade, followed by a mass pageant with themed floats, will be a grand c?雅博体育app下载419论坛

elebration on Oct 1 attended by Party and State leaders and members of the pub

lic, said Wang Xiaohui, executive deputy head of the Publicity Department of the CPC Central Committee.

?雅博体育app下载419论坛品茶微信That evening, they will also join a gathering featuring a gala and fireworks show.

A series of other activities dedicated to the 70th anniversary will also take place in the coming weeks.

At an event in Beijing’s Great Hall of People, Xi will present the Meda

ls of the Republic, Medals of Friendship and national titles of honor to outstanding peopl?雅博体育app下载419论坛

e who have made great contributions to the PRC’s establishment and development.

Other activities include presenting flower baskets at the Monument to the People’s Heroes on Sept 30 for Martyrs’ Day and an ex

?雅博体育app下载419论坛品茶微信hibition during September showcasing major achievements over the past 70 years.

The CPC Central Committee, the State Council and the Central Military Commission will als

o jointly issue medals in commemoration of the 70th anniversary as part of the celebration activities.

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encourages progress 雅博体育app下载419 SeaPresident Xi Ji

President, Duterte pledge efforts on code of conduct, sign deals on cooperation

?雅博体育app下载419品茶微信President Xi Jinping said on Thursday that China and the Philippines should commit t

hemselves to push forward the Code of Conduct in the South China Sea so it can be finished as early as possible.

Xi made the remark when meeting with Philippine President Rodrigo Duterte, who is on?雅博体育app下载419

a five-day visit to China that started on Wednesday, at the Diaoyutai State Guesthouse in Beijing.

Xi described the code of conduct as a creative way to set rules for the resolution

?雅博体育app下载419of the South China Sea issue. He called on the two countries to make joint efforts to put aside differences and exc

lude external disturbances in order to focus on cooperation and development to safeguard regional peace and stability.

He underlined the need for both countries to take bigger s

teps in the joint exploration of the oil and gas resources in the South China Sea.?雅博体育app下载419品茶微信

The two countries announced on Thursday the establishment of an

intergovernmental joint steering committee and an inter-enterprise work team?雅博体育app下载419

on the joint exploration for oil and gas in the South China Sea to strive for substantial progress at an early date.

?雅博体育app下载419They also concluded six agreements, which involve areas such as cust

oms, higher education, science and technology and economic and social development.

On the bilateral relationship, Xi told Duterte he stands ready to work

with him to guide the sound development of Sino-Philippine relations to bring benefits to the?雅博体育app下载419品茶微信

two nations and two peoples, and also to add positive energy to regional peace and stability.

He called on the two countries to strengthen synergy between the China-proposed Belt and Road Initiative and the Philip

?雅博体育app下载419pines’ “Build, Build, Build” program and to do a good job impementing cooperation projects in ar

eas of infrastructure construction, industrial parks, telecommunications and energy.?雅博体育app下载419品茶微信

Duterte said he supports the peaceful resolution of the South

China Sea issue through cooperation instead of confrontation.

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White cannot be calle雅博体育app下载419论坛ack in XinjiangBaisha L

The China-skeptics in the United States are at it again. This time they are using the pretext of huma

n rights violation to criticize China’s policy of combating terrorism and separatism in the Xinjiang Uygu雅博体育app下载419论坛

r autonomous region and improving the livelihoods of the people there. But by so doing, they have exposed their ulterior motives,

雅博体育app下载419论坛女神会所not least because they have no evidence to prove their allegations, and thus become the target of both ridicule and anger.

This group of people has always claimed it wants to “help” China furth

er the human rights cause while, ironically, not paying any attention to the US’ horrible hu雅博体育app下载419论坛

man rights record. Which makes people wonder whether the American people

雅博体育app下载419论坛女神会所elected those “patriots” to “make America great again”, or just to poke their nose into other countries’ internal affairs.

As we Chinese say, seeing is believing and ignorance spreads rumor. The US is thousands of kilometers away from Xinji

ang, and few of those finger-in-every-pie China-skeptics have actually visited this part of the world. Yet they ac雅博体育app下载419论坛女神会所

cept as true rumors about Xinjiang that some people have made it their job to spread.

vespite repeated invitations from the central and local governments to foreign dignitaries, envoys and journalists to visit Xin

jiang, the publication of ample reports, data, photographs and videos showcasing Xinjiang’s development, and the issu雅博体育app下载419论坛女神会所

ance of a white paper on Xinjiang’s human rights condition, those China-skeptics turn a blind eye to the facts.

雅博体育app下载419论坛女神会所The authors who have penned a book on the region –?Xinjiang: China’s Muslim Borderland?– did visi

t Xinjiang, but what they came up with are distorted versions of the situation, twisted history and pre

judice. Thus, for those who have a political agenda to serve, facts are the first thing to ignore, twist or play with.雅博体育app下载419论坛

Some say this is a result of differences in cultures and values. Yet since the white color is a symbol of purity in one culture and of

supremacism in another, bullying others to attribute just one meaning to a color is nothing but hegemony.雅博体育app下载419论坛

There is little doubt that some politicians in the US and other Western countries have an ulterior motive

behind their seeming concern for Xinjiang residents. And not surprisingly, the motive is directly li

nked with the US’ politics, ideology and global strategy. Showing a sudden interest in Xinjiang after the end of th

e Cold War, the US devised a so-called Xinjiang policy to boost its Central Asia strategy and new global strategy, one

of whose major objectives is to weaken, contain and attempt to disintegrate China.

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ability essential for Hon雅博体育app下载千花网’s well-beinina Dai

To bring an end to the protests sparked by the proposed amendments to the special administrative region’s extradit

ion law, Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor announced on Tuesday her ad雅博体育app下载千花网

ministration’s decision not to restart the suspended legislative process for the amendments, saying the “bill is dead”.

雅博体育app下载千花网女神会所The demonstrations, some of them violent, have threatened the health of the city’s economy and thus the well-being of its resi

dents, and Lam also unveiled a raft of practical initiatives aimed at strengthening communication between th

e SAR government and the public, with the ultimate objective of improving governance in the SAR.雅博体育app下载千花网女神会所

It might be demanding too much of those leading the protests to have the kind of vision and political courage exhibited by the chief exec

雅博体育app下载千花网utive in her willingness to make compromises in policymaking in the face of public opposition. But they sh

ould have the wisdom to realize that persistent political conflict and unrest do not bode well for the city and residents, es

pecially at a time when the local economy is still licking its wounds from the ongoing Sino-US trade row.雅博体育app下载千花网女神会所

Hong Kong’s economy has slowed significantly over recent months, with the yea

雅博体育app下载千花网r-on-year GDP growth having eased to 0.6 percent in the first quarter of this year — the

slowest expansion in a decade — as both foreign trade and domestic consumption have been hard hit by the tra

de conflict between the Chinese mainland and the United States, the city’s two largest trading partners. Any es雅博体育app下载千花网女神会所

calation of the social conflict witnessed recently will only further harm Hong Kong’s economy and people’s livelihoods.

雅博体育app下载千花网Yet, the organizers of some of the mass rallies have said they will announce

more protests in the coming days until the bill is officially withdrawn from the legi

slative agenda. But more social unrest will only hinder efforts to tackle the fundamental problems that have a ta雅博体育app下载千花网

ngible effect on the lives of Hong Kong residents, particularly the younger generation — such as the severe housing s雅博体育app下载千花网女神会所

hortage, lack of social upward mobility and the widening wealth gap, which have fueled the social discontent.

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The US’ policy to contain 雅博体育app下载乌托邦evident in the way

?it has hyped up the problems in Xinjiang. Some American people and organizations have openly suppor

ted the separatist “East Turkistan Islamic Movement” in China through political and financial hel?雅博体育app下载乌托邦品茶微信

p, and by disseminating its separatist ideas through publicity and diplomatic channels in the disguise of human rights an

?雅博体育app下载乌托邦d freedom. No wonder they call white black and assume the measures China has taken in Xinjiang to fight terrorism, se

paratism and extremism and improve public welfare are human rights violations.

President Xi Jinping and his US counterpart Donald Trump may have agreed at the G20 summit in Osaka to resu?雅博体育app下载乌托邦品茶微信

me trade negotiations, but the path to ending the trade war remains far from clear. After all, the two leaders had rea

ched a similar agreement at the G20 summit in Buenos Aires in December 2018 and that agreement ultimately fail

?雅博体育app下载乌托邦ed, not least because the United States administration mistook China’s conciliatory attitude for weakness.

Whether the US administration makes the same mistake this time remains to be seen. In any case, it is worth considering how t?雅博体育app下载乌托邦品茶微信

he trade war might unfold over the coming months and years – and what China can do to protect itself.

US has not withdrawn tariffs it imposed earlier

?雅博体育app下载乌托邦Import tariffs may, for the foreseeable future, remain steady – neither es

calating nor being rolled back. The agreement in Osaka kept the US administration from foll

owing through on its threat to impose additional tariffs on $300 billion worth of Chinese goods. But it did nothing to re?雅博体育app下载乌托邦品茶微信

verse past measures, such as the 15-percentage-point tariff hike, to 25 percent on $200 billion worth of Chinese p

roducts that the US implemented after the 11th round of talks broke down in May.?雅博体育app下载乌托邦

While these tariffs have not yet had serious consequenc

?雅博体育app下载乌托邦品茶微信es for China’s economy, their effects are likely to deepen over time. But China may succeed in per

suading the US to remove them – or, at least, not raise them further – if it refrains from retaliating with tariffs of its own?雅博体育app下载乌托邦

on US goods. Instead, China should focus on reducing its bilateral trade surplus with the US on its own terms. It is incr

easingly clear that the US tariffs have done more damage to American businesses and consumers than to China’s.?雅博体育app下载乌托邦品茶微信

The US wants to create among Belt and Road partner countries doubt

s about the situation in Xinjiang, which is a core region on the Silk Road Economic Belt, and

thus dissuade them from participating in the Belt and Road Initiative.

Some American politicians and media will continue to proclaim

the US as the judge of the world and infringe upon other countries’ sovereignty. They are also ex

pected to hype up the Tibet issue and Taiwan question, even the Hong Kong issue. In fact, their involvement in the

recent protests against the amendments to Hong Kong’s extradition laws is cl

ear. But as a Uygur saying goes, camels march on as usual even when dogs bark furiously.

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Kweichow Moutai Co 雅博体育app下载后花园 highest profit margin

n among the 500 companies, the figure hitting 45.6 percent, and its revenue and profit are 77.2 billion yuan and 35.3 billion yuan.

This year, the ranking has 42 newcomers or re-listed companies. Xiaomi Corporation雅博体育app下载后花园

makes its debut with 174.92 billion yuan in revenue and 13.55 billion yuan in profits to take 53th spot.

雅博体育app下载后花园女神会所The citizen card of a missing girl taken away by two tenants in her home at Hangzhou was found along the Xiang

shan coastline in Ningbo by search and rescue staff on Wednesday night, Qianjiang Evening News reported.

Hundreds of people including Xiangshan police and civilian rescue teams have taken part in t

he search on the sea and nearby mountains. The search scope has been narrowed to 2 kilometers along the coastline.雅博体育app下载后花园女神会所

The 9-year-old girl, Zhang Zixin, had lived with her grandparents in Qingxi village in Chun’an county of East China’s Zhejiang

雅博体育app下载后花园province. The two tenants, surnamed Liang and Xie, took the girl away on the morning of July 4, saying th

ey would attend a wedding ceremony in Shanghai. On July 7, they didn’t return home as promised and lost contact with th

e family. On July 8, the couple committed suicide in Ningbo, a city in Zhejiang. The girl was nowhere to be found.雅博体育app下载后花园

As more details of the case were dug out by domestic media, people found it hard to understand the motive of the tenants.

They arrived in Qingxi village from South China’s Guangdong province in the middle of June and stayed in a 7 Days Inn for half a month.

雅博体育app下载后花园女神会所Starting from June 29, they rented a room at the girl’s grandparents’ house. They acted politely and

nicely, usually inviting the whole family to have dinner together and bought snacks and toys for the girl.雅博体育app下载后花园

Later, they said they would go to Shanghai to attend their friend’s w

edding and wanted to invite the girl to be the flower girl and tour the city with them.雅博体育app下载后花园女神会所

The girl’s father, who works in North China’s Tianjin, didn’t agree when the grandparent

s asked for his opinion. The girl and the two tenants persuaded the grandmother and got the nod.

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panding avenuesmarket 雅博体育app下载会所 new growth access

Yunnan student on Friday was allowed 30 percent extra time in the natio

nal college entrance exam, or?gaokao, due to her physical disability, local media has reported.雅博体育app下载会所

This is the first reported case of such an allowance in the province.

雅博体育app下载会所品茶微信Xu Ruiyang, who lives with spinal muscular atrophy, is confined to a wheelchair and writes slower than other students.

Authorities approved extra time for her, in a bid to let her operate on the same level as her classmates.

Premier Li says a ‘special difference’ can spur market vitality and jobs雅博体育app下载会所

China will issue more measures to further implement the country’s innov

ation-driven development strategy and incentivize business startups and innovation nationwide, the State

雅博体育app下载会所品茶微信Council’s executive meeting chaired by Premier Li Keqiang decided on Wednesday.

Global retail giant Walmart Inc is planning to further increase its investment in th

e Chinese market after opening a mega perishable products distribution center in South China’s Guangdong province in March.雅博体育app下载会所品茶微信

The US-based multinational said on Monday it would spend around 8 billion yuan

雅博体育app下载会所($1.16 billion) over the next 10 years to build or upgrade over 10 distribution centers to boost online

and offline businesses to meet Chinese customers’ demand for fresh goods and convenient services.

The investment plan came a day after China released a revised list of industries for foreig雅博体育app下载会所品茶微信

n investment, which includes logistics of ordinary goods, cold chain logistics for fresh agricultural goods and special medicines.

Walmart is looking for sustainable and quality growth in the Chinese market and the revised

雅博体育app下载会所品茶微信foreign investment list further supports its investment plan for upgrading local logistics

supply chains, said Ryan McDaniel, senior vice-president of supply chain with Walmart China.

Along with the catalog, two shortened negative lists were also rolled out.雅博体育app下载会所

The two lists, one for pilot free trade zones and one for the rest of the country, contain fe

wer access-limiting measures. Pilot FTZs now have 37 items that are restricted for foreign inv雅博体育app下载会所品茶微信

estors, down from 45, while non-FTZ areas are required to implement 40 items instea

d of 48.The negative lists outline sectors that are restricted to foreign investment.

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IMFled byalf-month 雅博体育app下载419论坛 from the visit

?Asia and Pacific Department Deputy Director Kennet雅博体育app下载419论坛h Kang, summarized that “China can play an important role and wou

ld benefit from further opening up and other structural reforms that enhance competition.”雅博体育app下载419论坛女神会所

The previously issued policy is sufficient to stabilize growth by 2020, desp

雅博体育app下载419论坛ite the recent US tariff hike, according to the fund’s report. “No additional policy ea

sing is needed, provided there are no further increases in tariffs or a significant slowdown in growth.”

Only if the trade tensions further escalate and threatChina’s Dragon Boat Fes

tival, or Duanwu, is just around the corner. Also called the Double Fifth Festival, the hol雅博体育app下载419论坛女神会所

iday, which falls on June 7 this year, is celebrated on the fifth day of the fifth month of the lunar calendar.en economic and

雅博体育app下载419论坛financial stability, additional policy easing, such as fiscal expansion, could be used to stabilize the economy, it said.

This is great news for us. While we are at the beginning of 5G’s commercial deployment, the Chinese government’s open

policy will help drive the healthy growth of our industry and accelerate 5G applications in industrial verticals,” said Zh雅博体育app下载419论坛

ao Juntao, president of Ericsson China, as the negative lists ease market access to value-added telecom services.

雅博体育app下载419论坛女神会所One of the highlights of the revised negative lists is further opening-up in the exploration and development of petroleum and natural gas.

“I’m pleased to witness that China is pushing forward its opening-up policy. The continuo

us improvement of the business environment for foreign investors gives us more confidence in the f雅博体育app下载419论坛

uture development of the Chinese economy,” said William Zhao, Total China country chair.

雅博体育app下载419论坛女神会所The French energy giant is the first international energy company to conduct offshore

oil and gas exploration in China. “As our business has a presence across the entire value chain of China’s energy in

dustry, I believe, the company will have access to more opportunities in a fairer business environment,” Zhao said.

China bucked a global trend of foreign direct investment slide by attracting $138.3 billion last year. In the first five mon雅博体育app下载419论坛

ths of this year, the country saw an FDI inflow of $54.6 billion, up 3.7 percent year-on-year.

Chinese Premier Li Keqiang said last Tuesday at the Summer Davos Forum that China will

remain firmly committed to opening-up and building an open economy of higher standards.雅博体育app下载419论坛女神会所

The country will become more open, transparent and predictable for foreign inves

tment, and its business environment will further improve, according to Li.

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well as noThisngth雅博体育app下载贵族宝贝nical as helped stre

n-technical initiatives in China, the latest of which is going to open later this summer – the company’s first design and development accelerator in China.

雅博体育app下载品茶微信The center, to be based in Shanghai, will provide technical support to developers who work on

Apple software. Through the facility, Apple will present lectures, seminars, experiments, speeches and tra

ining. It will also organize regular networking events to help the developer community in China and its雅博体育app下载品茶微信

neighborhood to improve the design, quality and performance of their products.

雅博体育app下载品茶微信女神会所The upcoming Shanghai facility will be in line with Apple’s recent thrust in China. S

ince 2017, it has set up four research and development centers in China – one eac

h in Beijing, Shenzhen, Shanghai, and Suzhou – entailing a combined investment of 3.5 billion yuan ($509 m雅博体育app下载品茶微信

illion) and employment for over 1,000 people dedicated to innovation in hardware, software and services.

“We are continuing to grow the scale of these centers in China and welcome more talented professionals to join us,” Ge said.雅博体育app下载品茶微信女神会所

Since taking the helm of Apple Inc’s China business two years ago, Ge

has been committed to building a vibrant local ecosystem. Her impressive tec

hnical record and understanding of local culture – Ge is fluent in Chinese – come in handy.

Born in Shenyang, Liaoning, a province in Northeast China, she armed herself with higher education and雅博体育app下载品茶微信

corporate job experience in the United States. She got a MBA from the University of California, Be

雅博体育app下载品茶微信女神会所rkeley and acquired master’s in electrical engineering from Simon Fraser University in British Columbia.

Ge returned to China in 2017, and was impressed immediately by the nation’s r

apid adoption of digitalization and the innovative prowess of local software developers.

“Chinese software developers have grown to be a very admirable community of innovators and they雅博体育app下载品茶微信

are leading the world in terms of app downloads and revenue,” she said in an interview with China Daily.

Now, over 2.2 million Chinese developers are active on Apple’s App Store which was雅博体育app下载品茶微信女神会所

launched in 2010. Their combined global sales on the platform have exceeded 200 billion yuan.

The number continues to grow as the California-based company s

teps up investments in China, the world’s largest consumer electronics market.

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