to assess exchange rates, not the US Treasury Department,” said Z
hu Jun, director of the International Department of the People’s Bank of China, the central ba上海后花园
nk, at the China Finance 40 Forum on Saturday. The CF40 is a nongovernmental, nonprofit think tank.
上海后花园女神会所The IMF has long been committed to promoting international financial stability
and currency cooperation, redressing the imbalances of international payments, Zhu said.
Citing previous market performance, Zhu said the yuan has depreciated against the dollar fo上海后花园
llowing Washington’s renewed threat of tariff hikes on Chinese goods. Similarly, the yuan fluctuations earlier this m
onth were a natural market reaction, resulting from trade tensions that have been escalated by the US, she said.
上海后花园The yuan weakened to above 7 per dollar for the first time in more than a decade last week,
after Washington’s threat to slap 10 percent tariffs on an additional $300 billion of Chinese goods starting Sept 1.上海后花园女神会所
Shortly after the yuan fell beyond the psychological threshold, the US Treasury Departme
nt declared that China was manipulating its currency to achieve unfair trade advantage.上海后花园
Zhu said that despite the trade tensions over the past year and a hal
f, China has never used exchange rates to respond to external disruptions.
The IMF report, referring to last year’s performance of the yuan, also said that even上海后花园女神会所
though the Chinese currency depreciated against the dollar fairly rapidly
from mid-June to early August, it was “broadly stable” against a basket of benchmark currencies.上海后花园
Moreover, the Chinese monetary authorities took measures, including reintroducing a countercyclical adjus
tment factor, to resist depreciation pressure during that period, according to the report, which is based on the IMF’s latest
上海后花园女神会所Article IV consultation with China, a review of the Chinese economy that concluded on July 31.
The IMF report released last week suggests that the US labeling simply doesn’t hold water, said Yu Yongding, a se
nior economist at the Chinese Academy of Social Sciences and a consultant for the CF40 forum.上海后花园女神会所
The IMF report provides evidence that, rather than artificially depreci
ating the yuan for trade advantage, as the US administration alleged, China has shown a
pattern of commitment to keeping the yuan generally in equilibrium at an adaptive
level, said Liu Chunsheng, an associate professor at Central University of Finance and Economics in Beijing.
relations at the National Retail Federation, a leading opponen
上海后花园t of tariffs in the US, said tariffs imposed over the past year haven’t worked, and there is no evid
ence the equivalent of another tax increase on US businesses and consumers will yield new results.
“We are disappointed the administration is doubling-down on a flawed tariff strategy that上海后花园女神会所
is already slowing US economic growth, creating uncertainty and discouraging investment,” French sa
id, adding that additional tariffs “will only threaten US jobs and raise costs for American families on everyday goods”.
上海后花园”Although the result of Sino-US trade talks and its impact on China’s economy is not entirely predictable at this stage, in gene
ral we are positive about China’s commitment to its opening-up policy and are optimistic about China’s economy and b
usiness environment,” said Eric Liu, managing partner of Shanghai-based Zhao Sheng Law Firm.上海后花园女神会所
hina’s financial services sector is seeing acceleration of opening-up, which will likely attr
act big names in the global securities industry, gradually reshaping the local securities landscape, experts said.
上海后花园During the 2019 World Economic Forum’s Annual Meeting of the New Champ
ions in Dalian, also known as the Summer Davos Forum, Premier Li Keqiang said that China will allow full foreign o
wnership of securities firms, futures business and life insurance companies by 2020.上海后花园女神会所
With that, the limit on foreign ownership in the financial services sector wi
ll be lifted one year in advance, compared to the former plan announced in mid-2018.
上海后花园In late March, the China Securities Regulatory Commission approved the establishment of JP
Morgan Securities (China) Co Ltd and Nomura Orient International Securities Co Ltd, which are joint-ve
nture securities firms with the foreign company taking the controlling 51-percent sta上海后花园女神会所
ke. UBS Securities was the first to get such approval in China at the end of last year.
current well depth of our Well No 1 in the Tarim Oilfield is 8,882 met
上海后花园女神会所ers, which is equivalent to the height of an Everest underground,” said Shen Biao.
Chi Jun, a first-level drilling technology engineer in the exploration de
partment of Tarim Oilfield, said that Chinese scientists and technicians have developed 8,00上海后花园
0-meter and 9,000-meter ultradeep well drilling rigs and put them into the Tarim market.
上海后花园女神会所In the face of the extreme environment of the well, the Tarim Oilfield optimizes the well structure
and the drill bit. It has overcome the drilling problem of ultrathick salt layers, and the geological chall
enges of high temperature and pressure. The drilling cycle is also greatly shortened, Chi said.上海后花园
Feng Xin, chief executive officer of the Beijing-based internet entertainment and technology co
上海后花园mpany Baofeng Group, has been placed under compulsory measures by police over suspected crimes, acc
ording to the company’s announcement Sunday sent to the Shenzhen Stock Exchange.
The investigation is related to Feng’s suspected bribery in a 2016 financing proj
ect for a Everbright Capital and Baofeng to jointly purchase the British sports上海后花园女神会所
copyright company MP & Silva Holding SA, according to Chinese financial news outlet Yicai.
Baofeng said on the announcement that it will strengthen its management to ensure the sta
bility of the company and the normal operation of its business. It will draw up corresponding management上海后花园
methods and emergency plans to ensure the smooth running of the company’s activities.
The company also said it will continue to pay attention to the progress of compulsor
上海后花园女神会所y measures and fulfill its information disclosure obligations in a timely manner.
Further disclosed information will be available at cninfo.com and China Securities Journal.上海后花园女神会所
Baofeng reached the decline limit Monday shortly after opening
at 5.67 yuan ($0.82) per share, dragging the total market value to 1.87 billion yuan.
The hottest part of summer is here and recorded hottest temperatures have been broken worldwide, inc
上海后花园女神会所luding in several places in Europe. Under this “barbeque” mode, beaches have become the public’s favorite summer resorts.
Let’s have a look at the beachgoers at some of the favorite “summer resorts”.
An unauthorized rally turned radical in Yuen Long on Saturd上海后花园
ay as protesters attacked a police vehicle and charged at the police cordon lines.
The protesters were taking part in a march – from Shui Pin Tsuen Playground to Yuen Long MTR station – which was bann
上海后花园ed by the police on Thursday on safety concerns. An appeal board upheld the police’s decision on Friday, on the gro
unds that it poses the risk of violent clashes between protesters and villagers in the district.
Tension escalated at around 4:30 pm as protesters pulled down metal barriers in front of Nam上海后花园女神会所
Pin Wai village near the Yuen Long railway station and charged at the police cordon lines.
上海后花园he black-clad protesters, armed with iron bars and self-made shields, chanted anti-government sl
ogans at times. Most of them wore surgical masks to hide their identity from the police.
Some protesters besieged and vandalized a police vehicle, forcing riot police to fire tear gas to disperse the crowd.上海后花园女神会所
The police said in a statement that the dispersal operation was ne
上海后花园eded as protesters’ behaviors threatened the safety of the police officers in the vehicle.
The report room service at Yuen Long police station has been sus
pended until further notice after a large group of protesters besieged the station.上海后花园女神会所
At the same time, radical protesters at multiple locations near Yuen Long M
上海后花园TR station started to throw bottles, stools and other unidentified objects at the cor
don line of the riot police. The police have fired several rounds of tear gas to the crowds.
In a statement issued just before 5 pm, the police called on members of the public to lea上海后花园女神会所
ve the area as soon as possible due to a possible deterioration of the situation there.
Traffic was disrupted from around 3 pm as protesters occupied Yuen Long
Tai Yuk Road and Castle Peak Road to kick-started the unauthorized procession.
The Light Transit Rail and some buses were forced to skip stops near Yuen Long Plaza.
nounced plans to raise their basic old-age pensions, cnr.cn reported.
上海后花园Fifteen regions, including Hebei, Inner Mongolia, Jiangxi,
Shaanxi and Jiangsu上海后花园品茶微信, have promised to pay the raised pension to retirees before the end of July.
In Central China’s Henan province, the minimal basic pension sta
ndard for rural and urban residents will be increased to 103 yuan ($14.98) from 98, said Li Ha
ilong, deputy head of the provincial human resources and social security department.上海后花园
It is estimated the local government would provide additional funding of over 900 million yuan
to the pension scheme, which will benefit more than 15 million elderly rural and urban residents, Li said.上海后花园品茶微信
Regional plans to reduce enterprises’ social insurance premium rate are also being gradually implemented across the country.
上海后花园Statistics show in the first half of 2019 enterprise expenses for basic endowment insurance,品茶微信
unemployment insurance and employment injury insurance have been cut by over 128 billion yuan.
After companies’ social insurance premium rates were reduce
d to 16 percent from 20 percent, the savings can be invested into production, expansion and o上海后花园品茶微信
peration, said Gao Ying, personnel administration manager from an electronics company in Jiangxi.
A recent State Council executive meeting decided to fully implement trans
上海后花园ferring State assets to social security funds this year. More beneficial policies are ex
pected to be launched in the second half of 2019, as the country continues to advance social security reform.
A new natural gas network in the Xinjiang Uygur auton上海后花园品茶微信
omous region is making life for residents like Hazret Mamut much more convenient.
“I used to go to the gas station to change the fuel tank when it was empty, which used to take 10 minutes of riding an electric sco上海后花园品茶微信
oter,” Hazret recalled. But now, he only needs to turn the knob of the stove and the flame is lit.
“Using natural gas costs less than 20 yuan ($2.90) every month for cooking,” Hazret added.上海后花园
Such convenience in Hazret’s life is due to a natural gas p
roject conducted by PetroChina, one of China’s major oil companies.
Since the natural gas pipeline was put into operation in May in Wushi county in Aksu prefecture, Hazret’s home, a natural ga
s network covering all prefectures in southern Xinjiang has been established.
At least four deaths have been blamed on crowding during the climbs, Agence France-Presse reported.
People should be well prepared to handle Qomolangma’s traffic jams which are common phenomena along climbing paths, said alpinists who had reached the summit.
“Although the news about the jam on Qomolangma this year has gone viral, people should understand that it happens every year during the brief cl
imbing window. Knowing what to do when climbers jam the narrow paths should be incl
uded in their training well in advance,” said Ma Liyamu, who reached the top of Qomolangma, the world’s ta
llest mountain at 8,848 meters, on May 22 and was also held up by the crowds on her descent.
She is the leader of a mountaineering team of three Chinese women w
ho scaled Qomolangma. They launched their expedition from Nepal, which issued 381 cli
mbing permits for the season that concludes this week. Nepal’s permits this season cost $11,000 each.