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hina and the US has cast a shadow on the next round of trade talks scheduled to be held in the US next month.
10元微信抢红包群号码419论坛品茶微信Experts said that Liu’s remarks signaled China’s willingn
ess to continue trade talks with the US while sending out the message that i
t is confident and capable of maintaining stable growth and is prepared for the worst-case scenario.10元微信抢红包群号码419论坛
“They showed China’s positive gesture ahead of the trade talks and that
10元微信抢红包群号码419论坛品茶微信it is hoping to continue the negotiations and reach an agreement with the US,” said for
mer vice-minister of commerce Wei Jianguo, who is now vice-president of Beijing-based Chi
na Center for International Economic Exchanges, a government think tank.10元微信抢红包群号码419论坛
“But the country is not fearful of the extreme US pressure, and it is capable of dealing with the worst results,” Wei said. “Th
ey (Liu’s remarks) were also a reassuring message to global companies and investors that China’s market reform an
d opening-up will not go backward, the Chinese economy is resilient and the government i10元微信抢红包群号码419论坛品茶微信
s capable of shielding the economy from the negative impact of trade conflicts,” he added.
On Monday, Foreign Ministry spokesman Geng Shuang said that
10元微信抢红包群号码419论坛the US administration’s threat to order US companies to seek alter
natives to doing business with China sounds more like a political slogan than a practical move.10元微信抢红包群号码419论坛品茶微信
“Even if it were to happen, there would be others to fill the gap. In the
end, it would be the US that suffered the loss,” Geng said at a news conference.10元微信抢红包群号码419论坛
The ministry said that the US tariff hikes have dragged down international trade and global economic growth, and it stro
ngly urged the US not to misjudge the situation and to stop the wrong moves immediately.10元微信抢红包群号码419论坛品茶微信
“If the US puts the tariff measures into action, China will absolu
tely take measures to safeguard its legitimate interests,” Geng said.
reform, Yu said, adding that there has been no intervention in the forex market through sales of such reserves for a long ti
me, even though the renminbi may be under depreciation pressure amid global monetary easing.10元微信抢红包群号码会所
According to SAFE, the major task for foreign exchange management this year is to enhan
10元微信抢红包群号码会所ce midand long-term asset allocation and optimize and adjust investment strategies.
Xie Yaxuan, chief analyst at China Merchants Securities, said there is a global tren
d where countries with large holdings of reserves tend to focus on long-term and relatively stable inves10元微信抢红包群号码会所
tments, such as infrastructure construction, to hedge against potential fluctuations in bond and equity markets.
“A shift toward using domestic currency is another trend,” he added.10元微信抢红包群号码会所
Profitability is generally accepted by the world’s major central banks as the
prime objective for reserve management, in addition to safety and liquidity. The em
10元微信抢红包群号码会所品茶微信phasis on the return objective has generally increased over time, according to experts.
SAFE said in its annual report that China had achieved a 10-year return rate of 3.68
percent on average on its foreign exchange reserve investments from 2005 to 2014.
Wang Chunying, a spokeswoman for SAFE, said the investment retu10元微信抢红包群号码会所
rn rate was at a relatively good level compared with those of global peers.
“China’s forex reserve currency structure is diversified, even more diversifie
d than the global level on average,” Wang said. “It is in line with the requirements of China’s e10元微信抢红包群号码会所品茶微信
conomic and trade development, as well as the demand for international payments.”
Prospective returns on China’s vast foreign exchange reserves are likely to remain
10元微信抢红包群号码会所stable at more than 3 percent, and the regulator is optimizing investment strategies this year to incre
ase asset values and reduce the adverse impact of foreign exchange rate fluctuations, according to economists.
Zhao, from the China Financial Futures Exchange, said it is also a trend for global mone10元微信抢红包群号码会所品茶微信
tary authorities, including the PBOC, to increase gold in their reserve portfolios to pr
epare for any shocks resulting from financial risks and foreign exchange rate fluctuations.
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 fina10元微信抢红包群号码乌托邦
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.
10元微信抢红包群号码乌托邦品茶微信”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 rec10元微信抢红包群号码乌托邦
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.
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
10元微信抢红包群号码乌托邦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.10元微信抢红包群号码乌托邦
For the first time, SAFE made public the currency composition of the
forex reserves, after first reporting data to the Currency Composition of Foreign
10元微信抢红包群号码乌托邦Exchange Reserves, or COFER, an International Monetary Fund database, in 2015.
According to COFER, which keeps quarterly data on the currency composition of official10元微信抢红包群号码乌托邦品茶微信
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.
President, Duterte pledge efforts on code of conduct, sign deals on cooperation
?10元微信抢红包群号码419品茶微信President Xi Jinping said on Thursday that China and the Philippines should commit t
hemselves to push forward the Code of Conduct in the South China Sea so it can be finished as early as possible.
Xi made the remark when meeting with Philippine President Rodrigo Duterte, who is on?10元微信抢红包群号码419
a five-day visit to China that started on Wednesday, at the Diaoyutai State Guesthouse in Beijing.
Xi described the code of conduct as a creative way to set rules for the resolution
?10元微信抢红包群号码419of the South China Sea issue. He called on the two countries to make joint efforts to put aside differences and exc
lude external disturbances in order to focus on cooperation and development to safeguard regional peace and stability.
He underlined the need for both countries to take bigger s
teps in the joint exploration of the oil and gas resources in the South China Sea.?10元微信抢红包群号码419品茶微信
The two countries announced on Thursday the establishment of an
intergovernmental joint steering committee and an inter-enterprise work team?10元微信抢红包群号码419
on the joint exploration for oil and gas in the South China Sea to strive for substantial progress at an early date.
?10元微信抢红包群号码419They also concluded six agreements, which involve areas such as cust
oms, higher education, science and technology and economic and social development.
On the bilateral relationship, Xi told Duterte he stands ready to work
with him to guide the sound development of Sino-Philippine relations to bring benefits to the?10元微信抢红包群号码419品茶微信
two nations and two peoples, and also to add positive energy to regional peace and stability.
He called on the two countries to strengthen synergy between the China-proposed Belt and Road Initiative and the Philip
?10元微信抢红包群号码419pines’ “Build, Build, Build” program and to do a good job impementing cooperation projects in ar
eas of infrastructure construction, industrial parks, telecommunications and energy.?10元微信抢红包群号码419品茶微信
Duterte said he supports the peaceful resolution of the South
China Sea issue through cooperation instead of confrontation.
e to coerce China into reaching a deal on his terms if more pain can be inflic
10元微信抢红包群号码千花坊女神会所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.10元微信抢红包群号码千花坊
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
10元微信抢红包群号码千花坊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 f10元微信抢红包群号码千花坊女神会所
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.10元微信抢红包群号码千花坊
They say that ending violence and resuming social order is the
10元微信抢红包群号码千花坊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 Special10元微信抢红包群号码千花坊女神会所
Administrative Region Chief Executive Carrie Lam Cheng Yuet-ngor told a news conference on Tuesday.
10元微信抢红包群号码千花坊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 con10元微信抢红包群号码千花坊女神会所
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.”
ter-filled barriers, bamboo sticks, traffic cones and other objects to set up barriers against the police.
They hurled gasoline bombs and bricks dug up from the pavement at p10元微信抢红包群号码千花坊
olice officers, also pointing laser beams at them. Police condemned the violence.
10元微信抢红包群号码千花坊After repeated warnings, riot police used tear gas and used minimum force to disperse the protesters after 5 pm.
The police also deployed for the first time their new crowd control vehicle with a water cannon.10元微信抢红包群号码千花坊女神会所
At about 7 pm, a China Daily photographer’s camera lens was broken by a thrown
brick. The crowd gradually dispersed after 7 pm. Police arrested some protesters.10元微信抢红包群号码千花坊
As normalcy returned, with public transport service resuming in the eastern Kowloon district
10元微信抢红包群号码千花坊女神会所of Kwun Tong on Sunday, the scars of the previous day’s violent clashes on the streets remained.
Railway service at various stations resumed along the Kwun Tong
Line, including Kwun Tong, Ngau Tau Kok and Kowloon Bay stations, and most local10元微信抢红包群号码千花坊
stores reopened. Black, abusive graffiti scrawled on roads and walls of buildings wer
10元微信抢红包群号码千花坊女神会所e a grim reminder of Saturday’s violence, which had shattered the previous weekend’s relative calm.
In Kowloon Bay on Sunday, the scene of fierce clashes between demo
nstrators and police, a sea of refuse left by protesters－including broken umbrellas a10元微信抢红包群号码千花坊
nd dismantled barricades－had been cleared up by workers and stood piled on roadsides.
10元微信抢红包群号码千花坊女神会所Some of the “smart” lampposts on Sheung Yuet Road vandalized on Saturday were now protected by traffic cones.
Black-clad, masked protesters had sawed off the new lampposts on Sat
urday. City officials said each “smart” lamppost cost about 10元微信抢红包群号码千花坊HK$140,000($17,850).
Residents were enraged. A security guard at a building on Tai Yip
10元微信抢红包群号码千花坊女神会所Street－the scene of violent rioting on Saturday－said the building
and some nearby shops and garages were closed on Saturday, and some remained closed on Sunday.
especially since reform and opening-up, China has made remarkable achievements
and solved many problems, including poverty alleviation, food problems and security iss10元微信抢红包群号码会所
ues that made significant contributions to building a moderately prosperous society in all respects.
10元微信抢红包群号码会所品茶微信China’s successful development won world-wide applause as the peace
ful rise of China did not intervene in the internal matters of other countries, as it has the tr
aditions of cherishing peace and harmony and it never seeks to pillage others or establish a sphere of influence.10元微信抢红包群号码会所
On its 70th anniversary, China is blessed with enlivened people, breathtaking development, animat
ed society and elevated international prestige, making it the focus, the wonder and the envy of the world.10元微信抢红包群号码会所
The Chinese people are more confident and more capable of reaching the goal of national renewal than ever before.
10元微信抢红包群号码会所品茶微信What we have observed about the Chinese nation is that the ruling ideology of the CP
C solved the problems of livelihood by realizing common prosperity.
The services of the CPC for society lead the people to tap into their full potential; the collective objective was to gradually real10元微信抢红包群号码会所
ize the common prosperity of the entire population and the national objective was to build a wealthy, p10元微信抢红包群号码会所
owerful, democratic, culturally advanced, harmonious and modernized social country.
The achievements of China did not happen by accident, they w10元微信抢红包群号码会所品茶微信
ere determined by the combinations of many factors, including the reforms and op
ening up phase started in 1978 which was crucial for national renewal and the socialist modernization of China.10元微信抢红包群号码会所
In the next phase, starting from the 70th anniversary, to realize the great rev
ival of the Chinese nation is to let the Chinese people h10元微信抢红包群号码会所品茶微信ave more and better education, stab
le employment, better health care, more comfortable and affordable living conditions, a more beautiful en
vironment and to have future generations develop better, work better and live better.
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 pe10元微信抢红包群号码乌托邦品茶微信
ace”, having said on his arrival on Saturday that the trade war was “not the right way to proceed”.
10元微信抢红包群号码乌托邦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 begin10元微信抢红包群号码乌托邦
“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 re10元微信抢红包群号码乌托邦品茶微信
spect. It does not want any “decoupling” of the world’s two largest economies, as some in the US have tru
10元微信抢红包群号码乌托邦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 b10元微信抢红包群号码乌托邦品茶微信
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 1.10元微信抢红包群号码乌托邦
The path of development set by the Chinese leadership and the Communist Party of China was n
10元微信抢红包群号码乌托邦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 ch10元微信抢红包群号码乌托邦品茶微信
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.
was found by the review, it said the Confucius Institute established within the depa
rtment “is or could be facilitating inappropriate foreign influence in the department”.10元微信抢红包群号码夜生活女神会所
The department said it had decided to end its cooperation with the Confucius Institute p
10元微信抢红包群号码夜生活rogram at the end of the 2019 school year, which would terminate the Confucius Classroo
m program in 13 public schools across Sydney and on NSW’s mid-north coast.
Instead, the NSW Department of Education will invest A$1.2 million ($810,000) to con10元微信抢红包群号码夜生活
tinue teaching the Chinese language in the 13 schools, it said, adding that 15 per
cent of the pupils learning Chinese in NSW public schools were doing so in Confucius Classrooms.
10元微信抢红包群号码夜生活女神会所The Confucius Institute Headquarters, which is bas
ed in Beijing, said the program was established in the spirit of m
utual respect, friendly consultation, equality and reciprocity. It also said the cooper
ation involved was open and transparent and adhered to laws and regulations.10元微信抢红包群号码夜生活
The program had made an important contribution to bilat
eral cultural and educational exchanges and the promotion of mutua
l understanding and friendship, which had been welcomed by local residents, it said.10元微信抢红包群号码夜生活
“We noticed that the NSW Education Department
10元微信抢红包群号码夜生活said it will continue to strengthen Chinese-language education, and we ho
pe the NSW side will take a more objective view of the Confucius Institute,” it said.10元微信抢红包群号码夜生活女神会所
Foreign Ministry spokesman Geng Shuang said on Friday that the NSW side had not consult
ed the Chinese side before making the decision to end the program, which was disrespectful an10元微信抢红包群号码夜生活
d unfair to local students and not conducive to bilateral people-to-people exchanges.
The Confucius Institute program was established by the NSW Department of Education and Jiang10元微信抢红包群号码夜生活女神会所
su Provincial Education Department in 2012 at the request by the NSW side, Geng said.
“We hope the Australian side will respect their Chinese partn
er and do more things to strengthen mutual trust,” he said.
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