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Central bank vice-governor voices confidence amid currency volatility
The monetary authority vowed to stabilize the renminbi amid escala
ted trade tensions, while continuing to push forward financial opening-up and pr
otecting overseas investors’ legal rights, said a senior official from the central bank on Sunday.
“We have the foundation, confidence and capacity to maintain a stable foreign exchange ma
rket in China, and keep the renminbi exchange rate at a reasonably stable equilibrium,” said Pan Gongsheng, vi
ce-governor of the People’s Bank of China, the central bank, said in a statement on its website.
Before his pledge, the onshore renminbi rate depreciated to 6.9182 per do
llar at Friday’s close, the weakest level since December, and the offshore renminbi rate h
September, 53 people in the company were transferred for examination and prosecution.u’an, a county in
China’s Hebei province, 50 kilometers away from Beijing’s Tiananmen Square, is looking to build an innovation-driven coun
Emerging fields including online lending, investment, pension services, consumer reb
ates, financial mutual aid and virtual currencies have become “disaster areas” for economic crimes, said Gao.
Since the collapse of P2P online lending platforms beginning last Jun
e, public security authorities have investigated and handled more than 400 illegal fun
draising platforms and arrested more than 60 fugitives from 16 countries and regions.
“To grab excessive profits, the criminals keep changing and upgrading their criminal
methods, which are usually strongly deceptive,” he said. “Investors should be very cautious.”
duals look in real life without the posing, the filters, the photoshopping and the professional hair and make-up,” Martz said.
Pan, the Renmin University researcher, also believes that pi
ctures shared frequently on social media impose peer pressure on women.
“If people around you look thin on WeChat Moments, you are inevi
tably anxious to fit the general profile of having the ‘right look’,” she said.
Articles have also gone viral in summer on WeChat Moments, with sensational headlines such as “Good-looking girls never
weigh more than 50 kilograms” or “If you don’t lose weight in May, you will cry out loud in June”.
Shen Zijiao, a psychological consultant at Beijing Normal University, said: “Women don’t know what kind of beauty is best for th
em; they just thumb through their phone screens and get the notions of ‘being slender’ consciously or uncons
ciously. They always worry if their bodies are inconsistent with the so-called perfect body shape.”
Austrian pianist Rudolf Buchbinder, one of the best Beethoven interpreters of all time, will perform
all five Ludwig van Beethoven’s piano concertos during his upcoming China tour with the German orch
estra, Staatskapelle Dresden, which kicks off on May 15 at the Guangzhou Xinghai Concert Hall.
He will also perform with the German orchestra in Changsha, Hunan province, on May 18
and 19, and conclude the tour at the National Centre for the Performing Arts in Beijing on May 21 and 22.
“Beethoven was the most romantic of composers. The more I play Beethoven’s works, the more musical freedom I get,” says Buch
binder, in an email interview with China Daily before the China tour. He adds that he has performed the com
plete cycle of Beethoven’s piano concertos with Staatskapelle Dresden for many times all around the world.
will impact various industries and stimulate the emergence of many new products, services and industries.
China Daily’s app was named the “Highly Commended” news app of the year at the newsawards 2019 in London on Wednesday.
The result was announced at the gala dinner held at the Royal Lancaster London. Ch
ina Daily beat two other nominees – The Independent and the Belfast Telegraph – to win the honor.
The China Daily app offers “a powerful mix of technology and innovation, with great clarity on audience needs,” said the judges.
The automotive sector will most likely be one of the first industries to rely
on 5G, connecting vehicles to other vehicles, roadsides, traffic lights, buildings and the inter
net to process data across cars or in the cloud, according to the report.
As 5G technology has integrated various industries and technologies, the number of 5G Stand
ards-Essential Patents applications surged to more than 60,000 globally by the end of April, the report said.
rcrowding and rampant construction plaguing cities, and the development of cities will also offer unique ways to bring about rural revitalization,” Chen said.
“As restrictions on hukou will gradually be removed, cities need to be well-prepared to offer
accommodation and employment opportunities, and allow children of migrant workers to have equal access to education,” Chen added.
China has made steady progress in urbanization, as the ranks of permanent urban r
esidents stood at 831 million at the end of 2018, up 17.9 million from the previous year, said the National Bureau of Statistics.
Last month, the National Development and Reform Commission said it
plans to increase the urbanization rate by at least 1 percentage point by the end of this year.
Shen Chi, vice-director of the China Center for Urban Development, said the government’s new
plan will help foster high-quality and sustainable economic development across the nation.
“Relaxing the hukou policy will be a key step in promoting the free flow of labor across
the nation,” Shen said. “A systematic consideration and arrangement of the integratio
rd phases, with 1,000 booths booked by 650 enterprises from 38 countries and regions.
The first phase of the import exhibition has 616 booths displaying electronics and home appliances, build
ing materials and hardware and mechanical equipment. There will be 384 booths in the third phase, m
ainly displaying food and beverage products, household goods, fabrics and home textiles.
Xu Bing, a spokesperson for the Canton Fair, said on Sunday that the 124t
h fair received exhibitors from ten countries and regions. According to Xu, a chamber of com
merce from Istanbul said the fair had helped many Turkish enterprises explore the global market.
“Design for trade” will be a highlight at the upcoming fair. About 100 design companies and institut
ions from 15 countries and regions, including the United States, Germany, France, Italy, Austr
alia, the Republic of Korea and Japan, have registered to participate in the design exhibition at the fair.