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 al
so 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 Consult
ative 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.
ees 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.
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 tar
iffs 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 suc
h 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.
ly, 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.
ants 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.
?make another check on prisoners who are on suicide watch.
Online media registration for the second China Inte
rnational Import Expo opened on Friday.亚博贵宾乌托邦女神会所 The registration system at media.ciie.org will be accessible until September 30.
When registering for a media pass, foreign j
ournalists who will be travelling to China to cover the event need to spe 亚博贵宾乌托邦cify their outlet in the “foreign media organizations” listing under the media organization category, and select the “for
for temporary stay in China” option when entering their personal information. After signing up online, the system will generate a confirmation letter f亚博贵宾乌托邦
or foreign journalists to apply for a J-2 visa at Chi
nese embassies, consulates or visa age 亚博贵宾乌托邦女神会所ncies authorized by the Ministry of Foreign Affairs of the People’s Republic of China in their countries.
Resident foreign journalists in China will also need to register in the system, and selec
t the “foreigners for permanent stay in China” option when filling out their information.亚博贵宾乌托邦
Epstein was housed in the Special Housing Unit, even as guards are requir
亚博贵宾乌托邦女神会所ed to remove prisoners on suicide watch from the unit, according to a Twitter post by Preet Bharara, a former US
Attorney for the Southern District of New York. The SHU separates inmates such as accused sex of
fenders deemed likely to be harmed by other prisoners from the general population.亚博贵宾乌托邦
Epstein had been confined to the correctional center while he appealed a district judge’s refusal to let him
live under 24-hour guard in his opulent townhouse on Manhattan’s Upper East Side
na and France in Paris, Xi described “four deficits” in global affairs, namely a governance deficit, tru
?亚博贵宾乌托邦st deficit, peace deficit and development deficit,
and proposed a four-pronged approach to addressing these deficits. Dialogue facilitates understanding among countries, as was demon
?亚博贵宾乌托邦女神会所strated in t
he Conference on Dialogue of Asian Civilizations held in Beijing in May. The conference aimed to create a new platform for advancing equal dialogue, mutual le
arning and mutual inspiration among civilizatio
ns in Asia and the rest of the world, Xi said.?亚博贵宾乌托邦 The intensifying global challenges humanity is facing now require concerted efforts by countries across the world, he said.
?亚博贵宾乌托邦女神会所hina strongly opposes a new tariff proposa
l from the United States targeting $300 billion worth of Chinese imports, and vowed to take necessary
countermeasures if the move is implemented, ministry officials said on Friday.
Shortly after the 12th round of bilateral trade talks in Shanghai, the US government said on Thursday that it?亚博贵宾乌托邦
would impose an additional 10 percent tariff on $300 billion worth of Chinese goods starting Sept 1. The plan will put
additional tariffs on basically all Chinese goods coming into the US, but medicines will not be affected.
?亚博贵宾乌托邦女神会所The Ministry of Commerce said in a statement that China is “strongly dissati
sfied with and resolutely opposed to” the US tariff proposal. The US plan seriously violates the consensus reached
between the heads of the two countries in Japan, deviates from the right track and won’t help solve the problem, it said.
?亚博贵宾乌托邦The country will have to take necessary countermeasures if the US tariffs c
ome into force, the ministry said, urging the US to correct its mistakes in a timely ma
nner, address the issues on the basis of equality and mutual respect and get back on the right track.?亚博贵宾乌托邦女神会所
State Councilor and Foreign Minister Wang Yi told reporters in B
angkok on Friday that unilaterally imposing additional tariffs is surely not a p
?亚博贵宾乌托邦roper approach for resolving economic and trade issues, and it violates WTO rules.
Foreign Ministry spokeswoman Hua Chunying said at a news confe
rence that China will not accept any kind of extreme pressure, intimidation or black?亚博贵宾乌托邦女神会所
mail. Neither will China give in an inch on major issues of principle, Hua said.
hina will shorten the time required for reviewing applications of high-value patents and for trademark registrations as pa
亚博贵宾乌托邦品茶微信rt of its effort to strengthen the protecti
on of intellectual property rights and improve the business climate, the State Council’s executive meeting, chaired by Premier Li Keqiang, decided on Wednesday.亚博贵宾乌托邦
enhancing the protection of intellect ual property rights is crucial to improving our property rights protection system. It is re
y scientific and technological innovation and essential for China’s greater opening-up,” Li said. Those attending the meeting on Wednesday decided to intensify law enforc
ement action in intellectual property亚博贵宾乌托邦品茶微信 rights protection and stressed that all types of market actors must be treated as equals.
Efforts to formulate and improve the criteria for determining, checking and verifying infrin亚博贵宾乌托邦
gements and counterfeiting of patents, trademarks and copyrights will be accelerated.
亚博贵宾乌托邦品茶微信It was decided that special campaigns against violations of IPR-related law will be carried o
ut and severe punishment involving hefty fines will be meted out to combat all IPR infringement.
International cooperation in IPR protection will be enhanced to make it easier for亚博贵宾乌托邦
companies to obtain intellectual property rights and their protection overseas.
The government will advance revision of the Patent Law and the Copyright Law, the new亚博贵宾乌托邦品茶微信
round of comprehensive revision of the Trademark Law and revision of the implement
亚博贵宾乌托邦ing regulations of the Patent Law. The cost for breaking the law will be significantly raised.
IPR-related services will be improved, the meeting decided. Smart s
ystems of patent examination and trademark registration will be developed at a faster pace.亚博贵宾乌托邦品茶微信
The goal is to shorten, by year’s end, the time needed for reviewing appl
ications of high-value patents to within 17.5 months, and the average review period for trad亚博贵宾乌托邦
emark registration to within five months. The quality of IPR registrations will also be improved.
grams of scientific payloads back to Earth. The new model will be able to carry up to 600 kg,” the designer said.
Officials from the academy previously said the new satellite series will weigh 3.5 metric t
ons and will be launched by China?亚博贵宾乌托邦品茶微信 ‘s Long March 2D carrier rocket at Jiuquan Satellite Launch Center in Northwest China.
?亚博贵宾乌托邦The first of them will be tasked with assessing
overall design and reliability in space, they said. China launched its first recoverable satellite in 1975, becoming the third nation to do so after the United States and the for
mer Soviet Union. China has sent 25 such satellites co
mprising seven types into space since then. These satellites?亚博贵宾乌托邦品茶微信 enabled Chinese scientists to carry out hundreds of space-based tests and experiments.
The most recent mission by a Chinese recoverable satellite took place in April 2016 when the
?亚博贵宾乌托邦Shi-jian 10 carried out scientific experi
ments during a 12-day space journey before returning to Earth. In another development, i-Space, a private rocket maker in Beijing, announced on F?亚博贵宾乌托邦
riday that it had recently conducted a successful ignition test of its JD-1, a reusable liquid-propelled rocket engine.
The company called the 200-second test a milestone in the development of JD-1, which is set to lift i-Space’s SQX-2 carrier rocket.?亚博贵宾乌托邦品茶微信
SQX-2 is at the research and design stage and is scheduled to make its maiden flight in 2021, i-Space said.
While teaching children－girls in most cases－to better protect themselves against sexual assault, more efforts should be m
ade by society to tell boys to respect and care for the opposite sex, according to experts.?亚博贵宾乌托邦品茶微信
Lin Zi, a psychologist, suggested that “readable” teaching materi
al be introduced for boys to tell them to better respect and protect girls and to unders
?亚博贵宾乌托邦tand that there is a “sense of personal space” regarding contact between the two genders.
She said some boys are confused about this situation, as their family members rarely discuss this with them.
Lin, vice-chairwoman of the Shanghai Psychological Counseling Association and founder?亚博贵宾乌托邦品茶微信
of a psychological consultancy, is helping with the review of a sex educat
ion manual for children ages 10 to 14 launched by the China Children and Teenagers’ Fund.
conomies, jumping from 22nd in 2017 to the 17th last year, according to the Global Innovation Index 2018, published by Cornell U
niversity, the World Intellectual Property Organ
ization and INSEAD, a global business graduate school.?亚博贵宾乌托邦品茶微信 Pan said these achievements are manifestations of China’s growing technol
?亚博贵宾乌托邦ogical capability, fueled by the desire to use innovations to push socioeconomic progress.
ever, has led to some Western countries, such as the US, fearing that China’s scientific and te chnological rise will challenge their global position. “This sentiment is understan
dable, but misguided,” he said. “China is still a developing country, lacking a base and accumulation of innovation capability compared with the US, as w?亚博贵宾乌托邦品茶微信
ell as drastically different national conditions,” Pan said. “This means we cannot follow the deve
?亚博贵宾乌托邦lopmental path that the West expects us to take,
and we have to forge our own path one step at a time. “But now the US is treating China like a developed country capable of challenging its global dominance, it is holding China to sta
ndards that we cannot meet for the time being, and it makes accusations against us if we don’t,” he said.
As of late May, the US Department of Commerce had placed more t?亚博贵宾乌托邦品茶微信
han 140 entities from the Chinese mainland on its Entity List, a ledger of firms legally pro
?亚博贵宾乌托邦hibited to trade with the US, on the basis of an alleged threat to US national security and interests.
In June, five entities were added to the list: Chinese supercomputer manufacturers and institutions including Sug
on, Higon and the Wuxi Jiangnan Institute of Computing Technology, the chipmaker for China’s most powerful sup
ercomputer, Sunway TaihuLight, which also ranked as the third most powerful globally.?亚博贵宾乌托邦
The United States also is targeting Chinese scholars and students b
y closing their labs or denying visas to visit the US over alleged spying dangers. In May, Emo
?亚博贵宾乌托邦品茶微信ry University in Atlanta fired neuroscientists Li Xiao-jiang and his wife, Li Shihua, both US citizens who had worked
at Emory for more than two decades, accusing them of hiding funding and ties to institutions in China.
“These actions are antithetical to the US’ immigrant roots and inte?亚博贵宾乌托邦
rests, and will impede global scientific exchange and progress,” Pan said.
For anyone interested in Spanish and the vibrant cultures of the Spanish-s
亚博贵宾乌托邦peaking world, the annual Spanish Day is a real feast that certainly cannot be missed.
As a trad
itional open day of the Beijing arm of the Cervantes Institute, a Spanish cultural center, the Spanish Day is celebrated to honor learners, lovers and promoters of Spanish, the world’s second most spoken native language.亚博贵宾乌托邦 Held on June 22 this year, the event featured young soccer players and Spanish learners who staged a medley of sports a
nd artistic performances. In addition, as a prelude to the exhibition Writer Picasso, those young participants also created a mega-sized mosaic artwork as a tribute to the Spanish master.亚博贵宾乌托邦品茶微信 Supported by the embassies of Spanish-speaking countries such as Uruguay, Mexico and Argentina, the 12-hour-long open day sh亚博贵宾乌托邦
how diverse and intriguing the Spanish culture is through dance performances, film screenings, concerts, foods and more. Construction of the second 330-meter-tall tower for one of the world’s largest cable-stayed bridges was completed in East China’s Jiangsu province on Thursday.
2-meter-long Hutong Yangtze River Bridge, linking the cities of Nantong and Suzhou, is de signed with a main span of 1,092 meters, making it the world’s first road-rail cable-stayed bridge with a span over 1,000 meters.
Ning Chaoxin, with the China Railway Major Bridge Engineering Group Co., Ltd (MBEC), the project’s contractor, said the two c亚博贵宾乌托邦品茶微信
able towers are the key force structure of the bridge. The longer the bridge spans, the higher the cable tower needs to be.
To ensure the shipping on China’s busiest waterway, the bridge is designed to have a longer span. About 73,000 cubic meters of concrete
and 11,000 tonnes of steel bars were used to build each tower, whose height is equivalent to a 110-storey skyscraper.
Ning said the huge construction volume is required so that the bridge can withstand
violent typhoons, magnitude-8 earthquakes and impacts from the collision of a 100,000-tonne ship.
The bridge will have a 6-lane expressway on the upper deck and four railway tracks on the lower deck.
The track laying on the bridge will start in January 2020, according to MBEC. The bridge is expected to ensure the river shipping on the Yangtze, while easing the roa
d and railway traffic pressure in the Yangtze River Delta region, China’s economic powerhouse.