He recommended that under the normal circumstances

market could deter爱上海同城对对碰mine the RMB exchange rate, but if extreme situations arise, the central bank

can exercise some intervention to prevent spillover effects of exchange rate volatilities on neighboring countries.

Yi, the PBOC governor, said the current fiscal policy package is strong enough to counter headwinds, even if

the situation gets a little worse, and “a discussion” could be opened if the scenario turns “tremendously worse”.

Looking forward, the unemployment rate, rather than the GDP growth rate, should receive more atte

ntion. “The Chinese economy is presently doing reasonably well, and I don’t worry too mu

ch about the unemployment problem. So long as people still have jobs, it’s not a concern if growth slows slightly. But this ma

tter deserves to be very closely watched, particularly as now trade tensions escalate rapidly,” Huang said.

If trade tensions start to have “bigger impacts” on the economy, he said

nd force low-end manufacturers to move out more rapidly, it might increase the pres

sure on unemployment. So supporting domestic consumption and encouraging the development of the servi

ces sector, especially labor-intensive services, could help mitigate the pressure, he said.

shanghaidianbaobao.cn

Market-oriented reform and opening-up will improve pr

roductivity in the service sector, which is an important thing that China is focusing on to stabilize economic growth,” Zhu said.

Chen Yulu, a vice-governor of the PBOC, also supported a “full-scale” opening of the financial sector. In the future, foreign invest

ors are welcome to conduct all forms of financial business in China, excepting those being named on a neg

ative list, and authorities are researching a new regulatory system, Chen said at the forum on Saturday.

Li Daokui, director of the Academic Center for Chinese Economic Practice and Thinking at Tsing

hua University, said China “should be more confident” in accelerating opening-up of its financial sec

tor, which will help global investors seize numerous opportunities in the Chinese market.

Domestic financial institutions are now capable of engaging in fiercer competition with global peers as their serv

ice abilities in many aspects, such as banking and insurance, have improved a lot over the past years, Li said.

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He said China firmly opposes this and hopes that the US w

Reportedly, the United States administration is considering extending its attacks on

Chinese companies by blacklisting China’s largest surveillance equipment manufacturer Hikvision.

If so, Hikvision — which has about 20 percent of the global market share and has been the

leading player in the industry for seven consecutive years — will become the fourth Chinese company Wa

shington has targeted after the telecommunications companies ZTE and Huawei, and drone maker DJI.

Unlike the previous three companies, which the US administrat

ion has justified the attacks on with the excuse 2019/05/22/shangjianxiachuicn-3/it is protecting national security, the premise for

setting its sights on Hikvision, which serves customers in more than 150 countries, including the US, is t

www.zzyosj.cn

So far, 15 countries including Iran and Mongolia have

According to the administration, the mechanism can switch the on-duty satellite to a quick-scan mode focusing on areas required by users when they are hit by disasters.

“During disasters, Fengyun satellites can scan as often as every five or six minutes. The China Meteo

rological Administration could send users cloud images and products via satellites and public clouds,” Wei said.

For example, in March, China provided a remote-sensing monitor repo

rt on flooding in Iran via Fengyun. The analysis estimated the coverage and ter

rain characteristics of the flooded area, which greatly assisted the country’s evacuation efforts.

China has launched 17 Fengyun series meteorological satellites, of which seven are currently operational.

The World Meteorological Organization has included China’s Fengyun serie

s of meteorological satellites as a major element of its global Earth observation system.

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es it a large exporter of manufactured goods to the US and

Given that the US economy is driven by domestic demand, consumption in particular, instead of exports, a high rate of eco

nomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a situa

tion, the implementation of large-scale infrastructure construction projects would further increase the trade deficit.

To make up for the increasing savings gap, the US needs to introduce and use more foreign ca

pital, which will further enlarge the trade deficit. Therefore, the US cannot simultaneously maintain a high g

rowth rate, invest massively in infrastructure, reduce the trade deficit and restrict the inflow of foreign capital.

What is really questionable is that, despite its contempt for over-regulation of the economy, the US administration has been tryi

ng to impose regulations on international trade, even for its trade partners’ domestic economic management.

shejio.org

Meditation is the easiest way for people to reduce pr

essure, and psychological experts say that thinking of nothing is a mental

adjustment for people, which is

good for health as it can reduce the risk

of anxiety and depression by 25 percent, according to Workers’ Daily.

If people can’t manage their emotions effectively under high pressure, it will

harm their family life, work and social life, experts say.

The suggestion sparked reaction from netizens, with Sina Weibo user

Happy little witch123 asking, “Is it ok if I

accumulate the daily five minutes and me

ditate a hour on one day?” A WeChat user named yuenyuen said, “I’m not

bragging but I can meditate for a whole day.”

Just 20 days after the opening of a

museum of broken relationships in Taiyuan, capit

al of North China’s Shanxi province, its owner joked that it was turning into a blind date site, thecover.cn reported.

Since it opened to the public on April 25, the museum has received 500 visitors every day, aged between 16 and 25.

www.ezgpui191.cn

up more than half of the market size. The online users dou

e online users double from 5.7 million in 2017 to 15.3 million in 2018.

Insiders say as Chinese parents increase their spending on education, online education gets more recog

nition and China’s internationalization progresses, online course users will keep growing, The Beijing News reports.

The report echoes their opinion. Data from the report shows that the penetration rate of online education rose from 0.8 percen

t in 2015 to 9.1 percent in 2018, up 11 folds within four years. It’s projected that the penetration rate will reach 12 percent in 2019.

New users go for top brand

Data from the report shows the market share of VIPKID is 68.4 percent, follow

ed by 51Talk (11.6 percent), DaDa English (7.8 percent) and vipJr (5.7 percent).

youhuileyuan.cn

Reflecting China’s increasing global footprint, the next

 decade is likely to be driven by greater global financial sector integration,” said Alfred Schip

ke, the International Monetary Fund’s senior resident representative for China.

Chinese students are increasingly diversifying their choices of destinations for overseas stud

ies, with more students choosing to go to the United Kingdom, Australia and Canada, a new report showed.

In a multiple choice survey for the annual Report on Chinese Students’ Overseas Study, released

on Tuesday, while the United States remains the most popular destination for overseas study this year, pref

erred by 43 percent of the respondents, this was down by 8 percentage points compared with 2015.

US dominance looks uncertain as the number of students inclined to study in the UK r

ose sharply in 2019, accounting for 41 percent, up 9 percentage points compared with 2015.

www.xsxbxi.cn

He underscored the importance of information technol

ogy to the country and people, and called for propelling the development of cloud computing, big data, artificial intell

igence and the industrial internet in a bid to advance the building of a digital China and a smart society.

He also said more work is needed to promote the integration and sharing of infor

mation resources between urban and rural areas to narrow digital gaps and unleash the vitality of digital sectors.

Zhuang Rongwen, head of the Cyberspace Administration of China, said enterprises are being encouraged to ramp up inve

stments and make breakthroughs in core technologies, and to make full use of international innovative resources.

Zhuang also called for speeding up the commercialization of 5G a

nd the deployment of the Internet Protocol version 6 network, as well as pushing forw

ard the digital economy so as to cultivate new driving forces and promote high-quality development.

yuanzjj.cn

In the 1980s, the share of the US in the world econ

omy was more than 20 percent; in the past four decades, it has steadily

declined to 15 percent. At the same time, China’s share (in purchasing powe

r parity terms) has soared from 5 percent to about 20 percent. While the PPP indicators inflate the

pace of progress, the trend lines do herald a coming structural shift in the world economy.

China can foster the share of developing nations

In the future, the well-being of the advanced economies will de

pend on the rising living standards in less-wealthy nati

ons. And just as US leadership supported the role of the advanced countries in the 20th century world, Ch

ina has the potential to foster the share of emerging and developing countries in the 21st century.

In particular, the China-proposed Belt and Road Initiative can redirect domestic overcapacity and ca

pital for regional infrastructure development to improve trade and relations with Southeast and So

uth Asia, Central Asia, the Middle East and Europe-even across the Americas and Sub-Saharan Africa.

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