Month: May 2019
ng should be leveraged to improve coordination mechanisms
for economic policies such as finance, currency, employment, industry, and regional develop
ment to ensure the nation’s economic development stays within a reasonable range, the statement said.
The meeting highlighted the importance of strengthening innovative cap
abilities as well as opening-up and cooperation in this regard, and called for improving the serv
ices and environment for opening-up and cooperation so that development is promoted through opening-up, inn
ovation is advanced through reforms and win-win results are achieved through cooperation, it said.
Tough and newly emerging problems should be resolved through deepening reforms, the state
ment said, adding that the capability of dealing with challenges and preventing risks should be intensified.
this year was 1.68, down from 1.91 in the first quarter of 2018. Although the figure was above 1, the balance line, it was the first decline since the beginning of 2018.
About 8.34 million new college graduates and 2 million migrant workers are expected to enter the job market this year. Added to the list of job seekers woul
d be those who lose their jobs because of the industrial structural transformation and special type of job see
kers such as veterans. This means at least 12 million urban jobs have to be created this year.
Still, the employment pressure this year is not overbearing for two re
asons. First, the number of job seekers has not increased considerably from last year.
In fact, the number and ratio of China’s working-age people have both d
eclined for the seventh consecutive year. Over the past seven years, China’s working-age
China, with related hashtags getting more than 150 million views on Weibo.
Eunice Yoon, Beijing bureau chief and Inside China host at CNBC Interna
tional, tweeted to Regan that 120 million people viewed a Chinese hashtag that she tran
slated to: “Fox News female anchor challenges debate after being accused by CCTV for being emotional”.
Yoon, incidentally, was a former classmate of Regan’s at Phillips Exeter Academy, a prep school in New Hampshire.
“Seeing the kind of reaction online, I want to say, it’s important for us to have a meaningfu
l discussion to try to understand each other better. I appreciate the opportunity,” Liu wrote on May 24.
Liu has been working at CCTV since 1997, after graduating from Nanjing University’s English studies program.
dollar dropped more than 3 percent under market pressure as global investors worried about the escalation of trade friction.
Guo Shuqing, Party secretary of the People’s Bank of China, the central bank, said on Monda
y that higher US tariffs on China’s imports triggered financial market volatility, and this also affected the offshore RMB.
The currency’s depreciation was purely caused by market forces, a
d China has never taken any measures to deliberately devalue the currency to make its exports more
attractive, said Guo, who is also head of the China Banking and Insurance Regulatory Commission.
According to Guo, the short-term fluctuation of the RMB exchange
rate was normal, and the depreciation will not last long given the stable economic growth base.
anies and fund managers entering the market, and assisting in formulating the Futures Law.
“As prices of bulk commodities fluctuated frequently and shar
ply in recent years, the real economy has a huge demand for risk management,” Lu said, str
essing the importance of accelerating the development of the futures market amid uncertainties.
China stepped up efforts to open up the commodity futures mar
ket last year, making three futures contracts available to f
oreign investors so far, including crude oil, iron ore and purified ter
ephthalic acid (PTA), a raw material for making plastics.
servatives to choose a new leader to campaign on a “no-deal” Brexit. But
this has little or no chance of being accepted by the British parliament, which means the B
rexit stalemate will continue until there is a general election or a second referendum. In any case, the normally pr
ofree trade voice of the UK will be reduced in the new European Parliament.
Beijing‘s first bikeway, which connects Huilongguan in Changping district and Shangdi in
Haidian district for cyclists, has finished the colored pavement and is about to open this week.
The bicycle-only road has a maximum speed of no more than 15 kilom
eters per hour and is forbidden to entry by pedestrians, electric bicycles and other vehi
cles, according to traffic rules on the bikeway released by the Beijing Municipal Commission of Transport.
Spain’s largest carmaker SEAT is set to make a comeback in China around 2021, a move that will help its parent
company Volkswagen AG secure a larger share in the world’s largest new energy vehicle market.
“The Spanish brand aims to enter the Chinese market in the coming two to three years,” said Volkswagen in a stat
ement on Tuesday, citing an agreement it signed with SEAT and Chinese carmaker JAC Motors.
SEAT pulled out of China in 2014 after two years of poor sales of its gasoline vehicles.
This time, it will enter the Chinese market through JAC Volks
wagen, a 50-50 joint venture established in Hefei, Anhui pr
ovince, in 2017 to develop, produce and sell pure battery vehicles.
ge’s UK Independence Party won with 26.8 percent, followed by Labour on 24.7 percent and the Conse
rvatives on 23.3 percent. The Greens won 7.7 percent in 2014 and the Liberal Democrats 6.7 percent. Turnout was 35.6 percent.
Greater access to China’s financial sector will encourage global investors and dispel the gloom clouding the g
lobal economy amid Beijing’s trade tensions with Washington, according to senior officials and economists.
Chinese financial regulators are preparing a comprehensive opening-up, with more new measures in the pipeline. Foreig
n institutions with advanced performance in risk management, credit rating, consumer finance, endowments and
health insurance are especially welcome, senior officials stressed over the weekend.
The opening measures will offset part of the negative impacts of trade friction on economic re
covery, and enable China to reach its GDP growth target of above 6 percent this year, they said.
icy tools to offset short-term downside pressure, while the financial risks are under control as the country’s debt level has shown signs of stabilizing, Zhang said.
China’s overall debt-to-GDP ratio had dropped to 249.4 percent
by the end of 2018, 1.5 percentage points lower than a year earlier, according to the PBOC.
If trade tensions escalate further, more opening-up policies in the sectors of medical
care and education will help boost global investors’ confidence in the Chinese economy, Zhang added.
By hiking the tariffs on $200 billion of Chinese goods from 10 percent t
o 25 percent just when it seemed the China-US trade talks would achieve a bre
akthrough, the United States has not only intensified the trade dispute but also ensured both sides take a knock.
trade, they could decline by 0.134 percent, 0.323 percent and 0.869 percent. Th