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The IMF is the world’s 亚博平台娱乐后花园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亚博平台娱乐后花园

nk, at the China Finance 40 Forum on Saturday. The CF40 is a nongovernmental, nonprofit think tank.

亚博平台娱乐后花园女神会所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亚博平台娱乐后花园

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.

亚博平台娱乐后花园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.亚博平台娱乐后花园女神会所

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.亚博平台娱乐后花园

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亚博平台娱乐后花园女神会所

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.亚博平台娱乐后花园

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

亚博平台娱乐后花园女神会所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.亚博平台娱乐后花园女神会所

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亚博平台娱乐后花园government re

?relations at the National Retail Federation, a leading opponen

亚博平台娱乐后花园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亚博平台娱乐后花园女神会所

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”.

亚博平台娱乐后花园”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.亚博平台娱乐后花园女神会所

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.

亚博平台娱乐后花园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.亚博平台娱乐后花园女神会所

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.

亚博平台娱乐后花园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亚博平台娱乐后花园女神会所

ke. UBS Securities was the first to get such approval in China at the end of last year.

shuyin-edu.cn

At the event, trending亚博平台娱乐后花园ere explored during pa

anel discussions regarding future cooperation and development between the two countries, the organizers said.

An estimated 250 guests from Singapore and China attended, following the Singapore-Gu亚博平台娱乐后花园品茶微信

angdong Collaboration Council’s ninth meeting, which was held the morning of the same day.

A series of agreements were signed during the meeting.

亚博平台娱乐后花园Among them was a memorandum of understanding for the develo

pment of an international artificial intelligence innovation center funded by TUS Fina

ncial Group from China and Ascendas-Singbridge Group from Singapore.亚博平台娱乐后花园

In response to the Chinese government’s drive to create an international in

亚博平台娱乐后花园品茶微信dustry innovation hub in the Guangdong-Hong Kong-Macao Greater Bay Area, the center is pl

anned to be built at the Sino-Singapore Guangzhou Knowledge City and leverage its research and develo

pment resources to achieve breakthroughs in core chip technologies, local officials said.亚博平台娱乐后花园

The Sino-Singapore Guangzhou Knowledge City is located in the Guangzhou Development District.

亚博平台娱乐后花园品茶微信The Guangzhou Development District Talent Work Group and the East Asian Institute at Natio

nal University of Singapore also signed a strategic cooperation agreement during the meeting.

Both parties agreed to enhance connectivity to create an intern亚博平台娱乐后花园

ationally renowned think tank brand together, by pooling the ideas of experts, planning re

亚博平台娱乐后花园search and holding a series of activities such as forums, meetings and seminars to promote exchanges.

The projects are expected to contribute to the kn

owledge city’s sustainable growth and join its already considerable facilities.亚博平台娱乐后花园品茶微信

The China National Intellectual Property Administration

has established a patent examination cooperation center within the knowledge c

ity. The facility contributed one-fifth of the total number of annual patent examinations processed in China.亚博平台娱乐后花园品茶微信

In addition, SSGKC is also the first in China to set up a national-level Belt and Road Intellectual Property Services Center.

Together with an IP-dedicated court and provincial centers for IP protection亚博平台娱乐后花园品茶微信

and services, the facilities have helped SSGKC create a comprehensive IP system.

www.7893515.cn

Among developing c亚博平台娱乐后花园女神会所aken the lead

d in demographi亚博平台娱乐后花园女神会所c turnaround. It took just 46 years-from 1949 to 1995-to lift its people’

s average life expectancy from 40 years to 70.8 years, an accomplishment all the more admirable because China is still a de

veloping economy. As such, China has set a fine example for human development.

As a leading developing country, China has notably closed the gap with developed countries in terms of people’s life

expectancy and health. In fact, by 2015, Chinese people’s average life expectancy at birth had increased to 76.34 years.

Compared with the mortality rate, however, the changes in China’s fertility rate have been astoundingly rapid. China became a low fertility country toward the end

of last century with its total fertility rate dropping below the replacement the level in 1992 from 5.81, about 2.8 times of rep

lacement level, in 1970. China has had a fertility rate of about 1.6, equivalent to developed countries’ average, for quite a while.

fyace.org

In financial service亚博平台娱乐后花园女神会所 highest for relation

nship manage亚博平台娱乐后花园女神会所rs who can work on both sides of the border in the banking sector. Chinese mainland and international banks based in Guangdon

g province are looking for relationship managers from Hong Kong who can speak Mandarin and are willing to wo

rk on the mainland, as they can bring in their contacts, networks and knowledge to help the banks grow their bus

inesses on the mainland. Also in demand are professionals in risk and compliance.

Hong Kong will be the jewel in the GBA crown as an international financial center. It will remain the w

orld’s largest offshore renminbi hub and play a crucial role in the growth of the financial sector in the whole GBA.

Exports will remain one of the core economic drivers in the foreseeable future, and with the GBA being positio

ned as a key location on the Belt and Road, trade and logistics will be a key sector with great opportunities for dis

tribution managers, supply chain managers, procurement managers and logistics experts.

www.deng-di.cn

hina Eastern looking to set up remote check-in, bag servic

Over the nex亚博平台娱乐后花园女神会所 t three years, real-time baggage tracking will become a common featu

re for passengers to identify where their luggage is by checking the status on their mobile phones

China Eastern Airlines said it has proposed that off-airport chec

k-in and bag services be introduced at Beijing Daxing International Airport, and related equi

pment is expected to be built at several places such as metro stations in Beijing as part of its long-term planning.

The new gigantic airport located in southern Beijing is scheduled to start commercial operation

s on Sept 30. China Eastern and China Southern Airlines have confirmed that they will move to the new

hub, and more than 50 other domestic and foreign carriers have shown interest in operating flights there.

aaart.org.cn

to transform from a major drug making country to a cou

Last year, a document issued by the General Office of the State Council ordered efforts to promote the research and development of generic drugs.

The list of generic drugs is among 15 regulations, of which the release by the end of t

his year has been listed as priorities in China’s medical and healthcare system reform in 2019.

A national WeChat mini-program was launched Wednesday to enable users to enjoy ov

er 200 e-government services via the cross-region and cross-department digital platform.

The mini-program, a small application embedded within China’s popular

social media platform WeChat, connects users with services offered by six government a

gencies including the National Development and Reform Commission an

d the Ministry of Commerce, according to a statement from WeChat’s developer Tencent.

7893396.cn

Since agricultural products account for a relatively smal

ll percentage of China’s total exports to the US, the tariff hike is expected to have a limited impact on its overall trade. But Chi

na’s export of textiles, chemicals, daily necessities and some other products will be affected. Yet the effect of the h

igher tariffs would be somewhat offset due to the ratio of foreign capital and value-added goods in China’s foreign trade.

In terms of product category, the tariffs are targeted at intermediate and capital goods. Intermediate prod

ucts, capital goods, and consumer goods account for 51 percent, 32 percent and 17 percent of t

he $250 billion of Chinese goods on which the US has imposed higher tariffs (the US had already slapped higher tari

ffs of $50 billion of Chinese goods last year). And since 29 percent of consumer goods, 39 percent of capital goods and 74 perce

nt of intermediate products face higher tariffs, intermediate products will be the most affected by the US tariffs.

www.ex187.cn

Perhaps most notably, the growth rate of women workers wa

s higher than men in new media operators and data analysts among the five professions, illustrating that burgeoning career opportunities and skill requ

irements are presenting an unprecedented advantage for women. That’s a change from the past, when women

normally had more household duties, especially in the era of universal two-child policy, he said.

Lu also said that the number of people engaged in human-centered job positions was growing faster than other rules.

“It implied that jobs requiring insights into people’s preferences and habits, such a

s marketing and human resources, are irreplaceable by machine intelligence so far,” Lu said.

A survey jointly conducted by research firm Trustdata and LinkedIn in April found career starters w

ere establishing their career goals earlier than past generations, exhibiting a stronger self-driven momentum.

yuyingleyou.com.cn

Hospital head removed after 5 infants diern Medical Univers

Investigators criticize lax management, failure to control enterovirus outbreak

Liu Ruilin, Party secretary and president of Shunde Hospital of Southern Medical University, has been

removed from his positions after five babies died and 14 fell ill during an enterovirus outbreak at the hospital.

The five newborns who died had other underlying diseases, such as pneumonia, before c

ontracting the virus, according to a statement from the Guangdong Health Commission on Saturday.

Thirteen of the sick babies have been discharged from the hospital, w

hile the other one continues to be treated and is in a stable condition, the commission said.

An investigation determined that the case became serious because

of the combination of the intestinal virus with lax hospital management.

www.roseway2013.org

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