Supported by the la亚博贵宾乌托邦ulation of forex rese

erves, the country has seen stable and fast economic growth in the past four decades, with lowe

r inflation. Thanks to the reserves, China can also benefit from a favorable international trade and fina亚博贵宾乌托邦

ncial environment in the long term, Chen Yuan, a former deputy governor of the central bank and former vice-ch

irman of the Chinese People’s Political Consultative Conference, said at a forum on Aug 10.

亚博贵宾乌托邦品茶微信”Previously, we identified the foreign exchange reserves as an important milestone for ec

onomic development and society’s core wealth. Now, we have to reposition the foreign exchange market,” he added.

According to Chen, faced with new challenges, including foreign exchange rate issues raised by the United States rec亚博贵宾乌托邦

ently, the priority is to keep these reserves safe, and strengthen the renminbi’s position globally.

Chen sees potential in foreign exchange rate risks, as the majority of China-reserved foreign assets are in US dollars.

Currency composition亚博贵宾乌托邦品茶微信

Late last month, the State Administration of Foreign Exchange, or SAFE, C

hina’s forex regulator, said the country’s foreign exchange reserves held in US dollars

亚博贵宾乌托邦accounted for 58 percent of the total by the end of 2014, down from 79 percent in 1995.

Among global foreign exchange reserves, assets held in US dollars comprised 65 percent of

the total by 2014, up from 59 percent in 1995, according to SAFE’s annual report last year.亚博贵宾乌托邦

For the first time, SAFE made public the currency composition of the

forex reserves, after first reporting data to the Currency Composition of Foreign

亚博贵宾乌托邦Exchange Reserves, or COFER, an International Monetary Fund database, in 2015.

According to COFER, which keeps quarterly data on the currency composition of official亚博贵宾乌托邦品茶微信

foreign exchange reserves, the world’s forex reserves reached $11.59 trillion in the fir

st quarter of this year. Some 58.14 percent of the total was in US dollars, compared with 1.8 percent in renminbi.

izhankai.cn

Cai said the parade 亚博贵宾419论坛ighlight the comma

and system, scale and structure, innovation and development of the country’s n

?亚博贵宾419论坛品茶微信ational defense and strength of air operations after military reform and restructuring.

It will comprehensively demonstrate China’s achievements in buildin

g its national defense, highlight an “open and confident” military image and manifest co?亚博贵宾419论坛

mbat capabilities, Cai said. It will focus on displaying the capabilities of joint operations

and training that have incorporated information technology and are systematic and cooperative, he said.

?亚博贵宾419论坛Cai said the parade is not aimed at any country, region or situation but is meant to show China’s confidence and dete

rmination to safeguard national sovereignty and security and defend world peace and stability.

The military parade, followed by a mass pageant with themed floats, will be a grand c?亚博贵宾419论坛

elebration on Oct 1 attended by Party and State leaders and members of the pub

lic, said Wang Xiaohui, executive deputy head of the Publicity Department of the CPC Central Committee.

?亚博贵宾419论坛品茶微信That evening, they will also join a gathering featuring a gala and fireworks show.

A series of other activities dedicated to the 70th anniversary will also take place in the coming weeks.

At an event in Beijing’s Great Hall of People, Xi will present the Meda

ls of the Republic, Medals of Friendship and national titles of honor to outstanding peopl?亚博贵宾419论坛

e who have made great contributions to the PRC’s establishment and development.

Other activities include presenting flower baskets at the Monument to the People’s Heroes on Sept 30 for Martyrs’ Day and an ex

?亚博贵宾419论坛品茶微信hibition during September showcasing major achievements over the past 70 years.

The CPC Central Committee, the State Council and the Central Military Commission will als

o jointly issue medals in commemoration of the 70th anniversary as part of the celebration activities.

www.izhankai.cn

will attend a grand gather亚博贵宾千花坊Chinese President Xi

nnovative compan亚博贵宾千花坊ies and attached much importance to IP protection,” Li said.

亚博贵宾千花坊BeiGene, a Chinese biotechnology company, is building its state-of-the-art manufacturing site in SSGKC.

The company was founded by Wang Xiaodong and John Oyler in 2010. Wang has served as a membe亚博贵宾千花坊女神会所

r of the National Academy of Sciences in the US and a foreign associate of the Chinese Academy of Sciences.

“Hopeful ly, some innovative medicines will be soon produced in the new plant in SS亚博贵宾千花坊

GKC and be distributed to the world in the future,” said a senior executive of BeiGene.

亚博贵宾千花坊女神会所”We believe our location in SSGKC could help us achieve greater influence because it could radiate to the surrounding mar

kets such as China’s Hong Kong and Macao as well as Southeast Asian countries,” the executive said.

Herman Lee, vice-president for market and business development at Guangzhou CanSemi Technology Inc, said the upg

rade of SSGKC is very encouraging for his company, and could help it further enrich its talent pool.亚博贵宾千花坊女神会所

The company will invest a total of 7 billion yuan in facilities in SSG

KC that will produce 12-inch wafers, of which the first phase is expected to be put into use in亚博贵宾千花坊女神会所

the fourth quarter of 2019 with a monthly production capacity of 20,000 wafers.

“As we know, SSGKC will enjoy the same treatment as the free trade zone in terms of market access, investment promotions and t

亚博贵宾千花坊女神会所alent attraction after its upgrade. Meanwhile, many administrative services could be fulfilled inside the district, w

hich could further improve efficiency, meaning more money for the companies involved,” Lee said.

www.nunuzipper.com

Some of the most po亚博贵宾楼凤er toysmost popula

The company also introduced the concept of a “blind box”. These finger-long boxes are bought on spec with the purchasers unaware of their contents until they open th

em. In 2017, the company set up about 400 vending machines across the country, dispensing the “blind boxes”. It als亚博贵宾楼凤

o held its first Beijing Toy Show that year with about 200 designers and over 30,000 fans attending.

亚博贵宾楼凤Wang Ning says more designers from the mainland are now launching their toys at the show.

One of them is a young Guangzhou-based designer surnamed Deng, whose moniker is Ayan. Deng is

a fashion design major who graduated from Guangzhou Academy of Fine Arts in 2017.亚博贵宾楼凤女神会所

Her toy series, entitled Dimoo World, is one of the most popular.

His first series of Dimoo World had the little boy wearing various animal costumes, ranging from a panda to a bluebird and all have Dimoo’s signature eyes.

亚博贵宾楼凤”It’s a reflection of my life. People love Dimoo because we share similar stories growing up,” says the de

signer, who has 20 dogs and cats, plus 12 turtles, which “have become her sources of inspiration”.

The trend of designer toys first started in Hong Kong in the 1990s and was influenced by Japan, South Korea and亚博贵宾楼凤女神会所

the West in the 2000s, according to Wang Ning. The trend is inevitable, given the country’s strong economy, he says.

“Designer toys satisfy the spiritual needs of young Chinese consumers. T

hey use social media to show off their collections and exchange them,” he says亚博贵宾楼凤.

“It’s still evolving but has already become a phenomenon.”

The designer held three fan meetings during the show, which attracted hundreds.

亚博贵宾楼凤”The story of the little boy, named Dimoo, starts with his journey in a mystic world, where he meets lots of friends,” Den

g says. “The boy is confused and lost. However, with the support and love from his friends, he grows up in an intriguing wo

rld.”Customers play with piglets at a cafe in Hangzhou, East China’s Zhejiang province, Aug 24, 2019. The first of its kind亚博贵宾楼凤女神会所

in Hangzhou, the cafe has welcomed a significant number of visitoA railway bridge weighing 8,900 metric tons and measu

ring 78 meters long was rotated to its targeted position on Tuesday in Xiongxian, Xiongan New Area in North China’

s Hebei province, marking a big step in the construction of the Beijing-Xiongan intercity railway.亚博贵宾楼凤

The bridge, bearing the intercity railway, swiveled around an angle of 62.32 d

egrees in 73 minutes above the Tianjin-Baoding Railway, starting at seven seconds a

亚博贵宾楼凤女神会所fter midnight to avoid interference with railway traffic running below, Beijing Daily reported.

This is the first bridge that finished swiveling along the Beijing-Xio

ngan intercity railway, which is of great significance for the railway’s constru

ction, according to Li Zheng, deputy director for construction of the Beijing-Xiongan intercity railway.

ypwhl.cn

The US president stil亚博贵宾千花坊hat he will be able

e to coerce China into reaching a deal on his terms if more pain can be inflic

亚博贵宾千花坊女神会所ted on the country through use of even higher tariffs. “China should not retaliate — will o

nly get worse!” he tweeted on Monday after raising tariffs on $550 billion in Chine

se imports. It sounds like he wants to push the “war of attrition” forward, even at the cost of US businesses.亚博贵宾千花坊

Hopefully, the US companies’ pleas for a truce — in the form of their ap

plications for license to continue business as usual — will incentivize Washin

亚博贵宾千花坊gton to have second thoughts on the future relations between the world’s two largest economies.

Experts say restoring order key to halting economic damage and global spillover

Leading financial agencies, economists worldwide and Hong Kong officials have issued f亚博贵宾千花坊女神会所

resh warnings on the city’s potential for recession and the spillover effects on the global economy, as the mon

thslong turmoil in the key trade hub continues to dampen market confidence and disrupt business operations.亚博贵宾千花坊

They say that ending violence and resuming social order is the

亚博贵宾千花坊top priority amid early signs that global economic prospects could plummet.

In the latest escalation of violence, protesters used weapons including gasoline bombs to attack the police over t

he weekend, destroyed shops in the city and sabotaged the innovation, science and technology sectors, Hong Kong Special亚博贵宾千花坊女神会所

Administrative Region Chief Executive Carrie Lam Cheng Yuet-ngor told a news conference on Tuesday.

亚博贵宾千花坊The SAR’s exports in July saw a year-on-year drop of 5.7 percent, while imports in the same period plummeted 8.7 percent,

the SAR government’s Census and Statistics Department disclosed on Monday.

Japan’s leading brokerage, Nomura Securities, said in a research note on Monday, “We are con亚博贵宾千花坊女神会所

cerned that the ongoing political tensions in HK are now affecting the key pillars of the economy (s

uch as retail sales, tourism, property prices) and thus the outlook of corporate earnings.”

www.qw46q.cn

Alibaba banking on l亚博贵宾夜生活er citiesses an adv

commerce giant pump primes Juhuasuan to cash in on abundant opportunities

Times are changing fast at e-commerce behemoth Alibaba Group Holding Ltd. While st亚博贵宾夜生活女神会所

ore-openings from a range of global brands like Burberry to Ferragamo were

亚博贵宾夜生活the norm earlier, they have since been replaced by deals, bargains and growth in lower-tier cities.

Against flattened economic growth and brutally aggressive competition, Alibaba is no

w giving unprecedented priority to Juhuasuan, its group-buying and flash-sale platfor亚博贵宾夜生活女神会所

m, repositioning it as the top destination for consumers from smaller cities and townships.

亚博贵宾夜生活The internet giant said recently that it will host a Super Bargain Day from Sept 1, halving prices for 1 million me

rchandise and giving out cash dividends, coupons and other perks. Unlike the

more reputable Nov 11 annual sales event, the 10-day event is targeted at good-quality budget items.亚博贵宾夜生活女神会所

“We see massive growth in lower-tier cities this year via the Juhuasuan platform. This is the

亚博贵宾夜生活engine fueling future growth and a bluesea market-meaning opportunities abound for each and e

very industry player to take a share,” said Liu Bo, general manager of Juhuasuan.

Media publications and industry analysts often categorize C亚博贵宾夜生活女神会所

hinese cities into tiers, defining them based on population, gross domestic prod

亚博贵宾夜生活uct and other criteria. Tier-one cities normally refer to super metropolises like Beijing and Shanghai.

Alibaba’s strategy to penetrate into lower-tier markets has reaped some early gains. In the

quarter ending June 30, over 70 percent of increased annual active consumers came from less dev亚博贵宾夜生活女神会所

eloped markets. The company attributed the achievement to initiatives to cater to a b

roader user base, such as “using simpler interfaces for first-time or less-frequent users”.亚博贵宾夜生活

Realizing the potential, Juhuasuan has announced a slew of plans to rev up services. On the

supply side, the platform aims to help manufacturers digitize their factories through consumer ana亚博贵宾夜生活女神会所

lytics and the internet of things technology. Liu said he hopes such efforts will foster

brands, create 1 million sought-after items and nurture 10,000 digital plants.

nqlbn.cn

Mingyuedao was abl亚博贵宾后花园 a profit within a yea

亚博贵宾后花园ear, and its nighttime revenue now accounts for about 20 percent of the total, Zhang said.

She added that running a 24-hour business is not easy, an亚博贵宾后花园女神会所

d many bookstores in China had tried and failed at this. But as the authorities have started to p

亚博贵宾后花园romote nighttime business activities, this offers a good opportunity to develop such bookstores.

“Bookstores are the spiritual landmarks of cities and are indispensable to citizens. To make 2

4-hour bookstores universal requires the joint efforts of society, and will take time,” she said, adding that she h亚博贵宾后花园女神会所

opes more cities in China will cater to people who want to read in bookstores at night.

In recent years, nighttime tourism has developed much faster than other se

亚博贵宾后花园ctors, and many cities have launched nocturnal projects. For example, Xi’an, capi

tal of Shaanxi province, has launched more night fairs, cultural performances and entertainment outlets.

Xu Xiaolei, chief brand officer for China Youth Travel Service亚博贵宾后花园, said that in the past, the tourism

industry placed the emphasis on daytime activities and “undervalued” nighttime operations. But con

亚博贵宾后花园女神会所sumers are now demanding high-quality nighttime activities, with nearly half of the company’s customers asking

for such itineraries to be arranged, whether they are traveling in China or abroad.

“I think it is especially good that the Chinese authorities have rolled out meas亚博贵宾后花园

ures to boost after-dusk activities, which is a response to people demanding higher-quality lives,” he said.

Xu added that Chinese cities are “too similar” in promoting nighttime ac亚博贵宾后花园女神会所

tivities. Most of the time, night travel is still about tasting local food in “snack streets”.

“Every city should think about developing unique tourism resources that would enabl亚博贵宾后花园

e it to stand out from others,” he said. “Many people the world over would like to see a Broadway musical while vis

iting New York, but performances in China are mostly high-priced and out of reach for most.”亚博贵宾后花园女神会所

The historic water town of Wuzhen has been transformed by Xu’s company from a shabby

destination, with 30 to 40 percent of consumption now taking place at night, Xu said.

www.ixhhw.cn

Even British Prime M亚博贵宾乌托邦oris Johnson, describe

by the US leader as the “right man for the job”, told the US leader at a

Sunday breakfast meeting that “we don’t like tariffs on the whole … We are in favor of trade pe亚博贵宾乌托邦品茶微信

ace”, having said on his arrival on Saturday that the trade war was “not the right way to proceed”.

亚博贵宾乌托邦Rarely have European leaders spoken with such unity on an issue. By doing so they will have hoped to drive home the messa

ge to the US leader that in a closely interconnected global economy, no one wins in a trade war, everyone loses.

Hopefully, that message has been received, since the US leader said on Monday that the two sides will begin亚博贵宾乌托邦

“serious negotiations” soon, as both sides understand the consequences and where the other stands.

China wants to make a deal. But that deal can only be reached based on equality and mutual re亚博贵宾乌托邦品茶微信

spect. It does not want any “decoupling” of the world’s two largest economies, as some in the US have tru

亚博贵宾乌托邦mpeted, knowing it benefits from that coupling. But it will not acquiesce to unreasonable demands.

Let us hope his talks with the European leaders have helped the US l

eader appreciate that the interconnectedness of the US and Chinese economies also b亚博贵宾乌托邦品茶微信

enefits the US, and that a trade deal is in everyone’s best interests, the US included.

China, the second-largest economy of the world and neighbor to 21 countries, is set to celebrate its 70th anniversary on October 1.亚博贵宾乌托邦

The path of development set by the Chinese leadership and the Communist Party of China was n

亚博贵宾乌托邦ot an easy job as there was much suffering in the prior century before it founded as a sovereign state.

The vision and statesmanship of the Chinese leadership and commitment of its people ch亚博贵宾乌托邦品茶微信

anged the status of the country from one with a backward economy tow

ards a prosperous one that is playing an active role in the international arena.

www.ever-spring.org

The vice-premier als亚博贵宾楼凤at China welcome

s companies from all over the world, including the US, to invest and

operate in the country, and the Chinese government will continue to create a good investment e亚博贵宾楼凤女神会所

nvironment and protect intellectual property rights.

亚博贵宾楼凤Romans Vlasenko, a 42-year-old man from Latvia, is leading his disci

ples in practicing tai chi in Chenjiagou, Wenxian county, Jiaozuo city, Henan province.

As the chairman of the Latvia Martial Arts Association, Vlasenko has taught mor亚博贵宾楼凤

e than 100 Latvians tai chi. He has been passionate about Chinese martial arts

since childhood, and has come to China over 20 times to study kung fu. He has learn

ed styles including Wing Chun, Xing Yi Quan and Shaolin boxing, but his favorite is tai chi.亚博贵宾楼凤女神会所

This summer, he was invited by the Chinese emba

ssy in Latvia to come to Chenjiagou, which is the cradle of tai chi in C

亚博贵宾楼凤hina. He and his over 20 disciples are following tai chi master Zhang Fuwang to learn Chen-style tai chi.

“I love tai chi, Chinese martial arts and Chinese culture. I want to let more pe

ople get to know Chinese martial arts culture through my efforts,” Vlasenko said.

hanghai’s col亚博贵宾楼凤or-coded system to manage the safety of pregnant wo

men and their babies proved so effective after its in

troduction in 2012 that it has been adopted by other regions around the country.

亚博贵宾楼凤女神会所It is just one initiative the municipality has taken in recent years to optimize three

major health indicators – life expectancy, and maternal and infant mort

ality rates – to maintain Shanghai’s status as the country’s healthcare leader and ke亚博贵宾楼凤

ep it on par with developed countries, an achievement it has accomplished for 10 consecutive years.

Over the past four decades, the average life expectancy of Shanghai residents has rise亚博贵宾楼凤

n 10 years to 83.63 last year, compared to the national average of 77 years.

The maternal mortality rate for Shanghai residents dropped from 3.01 per 100,000 cases in 2017 to 1.15 last year.亚博贵宾楼凤女神会所

The infant mortality rate decreased over the same period from 3.71 per 1,0

00 live births to 3.52 last year, according to the Shanghai Health Commission. Fo

rty years ago, the infant mortality rate in Shanghai was 15 per 1,000 live births.

8216078.cn

Xu Xiaolei, chief bra 亚博贵宾后花园for China Youth Tr

Travel Service, said that in the past, the tourism industry placed the emp

hasis on daytime activities and “undervalued” nighttime operations. But consumers are now d?亚博贵宾后花园

emanding high-quality nighttime activities, with nearly half of the company’

?亚博贵宾后花园女神会所s customers asking for such itineraries to be arranged, whether they are traveling in China or abroad.

“I think it is especially good that the Chinese authorities have rolled out measures t

o boost after-dusk activities, which is a response to people demanding higher-quality lives,” he said.?亚博贵宾后花园

Xu added that Chinese cities are “too similar” in promoting nighttime act

ivities. Most of the time, night travel is still about tasting local food in “snack streets”.

?亚博贵宾后花园”Every city should think about developing unique tourism resources that would enable it to stand o

ut from others,” he said. “Many people the world over would like to see a Broadway musical while visiting New

York, but performances in China are mostly high-priced and out of reach for most.”

?亚博贵宾后花园女神会所The historic water town of Wuzhen has been transformed by Xu’s company from a shabby d

estination, with 30 to 40 percent of consumption now taking place at night, Xu said.

“We defined Wuzhen as a historic cultural town, so we d?亚博贵宾后花园

dn’t use bright-colored lights at night. Most of the lights we use ar

e pale yellow, to create an atmosphere to make people feel warm and at home,” he said.

?亚博贵宾后花园”女神会所But lighting up the town is not enough. We also need to off

er good content to tourists. In Wuzhen, tourists can sit on wooden boats at

night, listening to the sound of the oars hitting the water under the lights. They can also ex?亚博贵宾后花园

perience a range of cultural activities, including the Wuzhen Theater Festival.”

Xu said most shops in Wuzhen close at about 11pm, so tourists sp

?亚博贵宾后花园女神会所ending the night in town can have a good sleep, but there a

re bars, karaoke lounges and other entertainment venues that remain open until later.

riuy8.cn