The IMF is the world’s 上海后花园oritative institution

 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.

www.hebeishengxin.cn

David French, senior vice上海后花园government re

 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.

shuyin-edu.cn

The height of Mount E上海后花园arim Oilf eters, and the

 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.

eblqb.cn

Beaches offer relief f上海后花园summer heatEditor’s N

 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.

www.chenbobupin.cn

Twenty-three provincial-lev上海后花园in China have anno

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.

zaddw.cn

In separate statements 上海后花园女神会所he announcemen

spokespersons st上海后花园女神会所ressed that the central government supports, respects and understands the SAR government’s decision.

Tam Yiu-chung, an HKSAR member of the Standing Committee of the

National People’s Congress, said suspending the extradition law legislation is a positive mo

ve by the government in response to public sentiment calling for more time for discussion.

By doing so, Lam has shown sincerity, he said. And he hop

es the public will understand and support the government’s decision.

Barrister Ronny Tong Ka-wah, who is also a member of the HKSAR’s Ex

ecutive Council, a top policy advisory body to the SAR’s chief executive, said the gove

rnment’s decision to suspend the extradition law revision at this point is appropriate.

www.shlftv.com

angmen platform, a provider of online tutorials, asses

Online courses have increased public access to q上海后花园女神会所uality educational resources, b

ut unlike traditional classrooms, the teachers cannot directly monitor and interact with the

ir students when teaching online, which can lead to disengaged students and poor feedback.

To resolve these issues, three students from Tsinghua and the University of Tsukuba in Japan

have created an AI-based model that can be integrated into online teaching platforms to analyze f

acial expressions and “bullet screens”, real-time viewers’ comments on the screen.

The model then crunches the data and creates a line graph that tells the teacher exactly when and what p

arts of the lesson students find most interesting or difficult. The project won third prize at th

e 2018 International Collegiate Competition for Brain-Inspired Computing hosted by Tsinghua.

“This empowers teachers to gain objective, timely and multifaceted insights into

their students’ state of learning, which can be used to assess and improve their lessons,” said Qie Nan, an ind

ustrial engineering doctoral candidate at Tsinghua and one of the people behind the project.

qiuLuhuang.cn

China’s Qomolangma climbing season runs from April 10 t

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.

gzbbcl.com

Commenting on the suggestion of quickly shifting sou

rcing to countries other than China under the tariff specter, the FDRA said there had been com

panies moving away, but “footwear is a very capital-intensive industry, with years of planning required to m

ake sourcing decisions, and companies cannot simply move factories to adjust to these changes”.

Douglas H. Paal, vice-president of the Asia Program at the Carnegie Endowme

nt for International Peace, said the footwear industry’s complaints are justifiable, albeit a little late.

“Since their issues do not involve critical technologies, the

re might be room for the administration to offer a degree of relief,” Paal told China Daily.

www.goldenwing.org

Intensified law enforcement also benefits overseas ent

erprises in China. Last year, intellectual property authorities punished violators in more

than 6,000 cases of infringing on rights of trademark registrants from overseas, with a t

otal value of 151 million yuan ($22 million), an increase of 50.1 percent over the previous year, the report said.

An agreement to support young scholars’ research into the Silk Road was signed between China and UNESCO during a ses

sion of the Conference on Dialogue of Asian Civilizations in Beijing on Wednesday.

Under the agreement, an international academic program will be launched with funding of $1 mill

ion from the Chinese government to scholars under 35 years of age from around the world.

Hosted by the Ministry of Education and UNESCO, the session – entitled “Safeguardin

g the Diversity of Asian Civilizations” – focused on cultural interactions among Asian people and disc

ussed challenges in terms of revitalizing the multiple cultures of Asian countries and regions.

chuangxiangjie.cn