The currency’s depreciation was purely caused by mark

et forces, and China has never taken any measures to deliberately devalue the currency to make its exports more at tractive, said Guo, who is also head of the China Banking and Insurance Regulatory Commission. According to Guo, the short-term fluctuation of the RMB exchan ge rate was normal, and the depreciation will not last long given the stable economic growth base. “Any speculative activities to short the RMB will suffer huge losses,” he warned. The RMB’s daily trading reference, or the central parity for onshore trading, has been stabilized arou nd 6.89 per dollar for eight days from May …

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The global market share for Huawei witnessed an incre

 increase from 10.5 percent to 15.7 percent over the same period last year. Huawei’s smartphone sales grew in all regions and the company did particularly well in the European market, with sales up 69 percent. Apple ranked third on the list with sales declining to 44.56 million and market share down to 11.9 percent in the first quarter of 2019. China’s smartphone vendors OPPO and Vivo ranked fourth and fifth, respectively, on th e list released by Gartner, indicating a 2.7 percent decline in global smartphone sales in the first quarter of this year. According to another market research firm …

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Accelerating the opening up of China’s commodity futu

ures market will help foreign investors optimize their renminbi-denominated asset portfolios as they can inc orporate investment targets of a wider variety, said Wang Tingting, an associate pro fessor of finance with the Central University of Finance and Economics in Beijing. “Moreover, as foreign investors’ trading helps boost liquidity in the domestic market and makes the price changes mor e consistent with international trends, domestic market participants can also better hedge against risks,” he said. Experts also expect China to open up the stock index futures market to foreign invest ors, as they have large exposure in the A-share market …

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new college graduates aged up to 24 years old increased by

ed by 8.4 percentage points, as the global financial crisis caused demands to fall drastically. It i s possible that the Sino-US trade dispute could have a similar impact on the job market. So the government should implement an expansionary macroeconomic policy to create a loose em ployment environment and better implement social security measures to cope with frictional u nemployment and the structural employment problem of college graduates. To offset the possible negative impact of the Sino-US trade dispute on college graduates’ employment, the government sho uld also expand post-graduate enrollment, increase internships for unemployed college graduates and imp …

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Cyclists should travel on the right and be aware that rid

t riding against the traffic and parking are not allowed on the bikeway. In t he event of a bicycle breakdown, cyclists should wheel their bikes to the nearest exi t and leave the bikeway, keeping to the right side of the road, said the rules. There are eight entrances and exits on th e 6.5-km bikeway and six of them are equipped with assistive mobility devices for bicycles. To better meet the needs of commuters, a reversible lane has been introdu ced on the bikeway, and cyclists should ride in the direction shown on the signs. Some 11,600 commuters …

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rche which, under threat from Marine le Pen’s National

has taken a tougher line on protection of agriculture. France, for example, is opposed to including agriculture in transatlantic trade talks. The Greens are one of the big winners in the elections (even beating Germ any’s Social democrats into second place), and they will seek to impose strict conditions reg arding climate change, the environment and human rights on future trade deals. This attitude will also make it dif ficult to agree a new trade deal with the US, as it has not endorsed the 2015 Paris climate agreement. Although the nationalist and populist parties now have more seats, it …

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Li Daokui, director of the Academic Center for Chine

se Economic Practice and Thinking at Tsinghua University, said China “should be more confident” in accelerating open ing-up of its financial sector, which will help global investors seize numerous opportunities in the Chinese market. Domestic financial institutions are now capable of engaging i n fiercer competition with global peers as their service abilities in many aspe cts, such as banking and insurance, have improved a lot over the past years, Li said. Despite headwinds from the trade tensions, global investors are still optimistic about China’s economic pro spects, said Zhang Zhiwei, Deutsche Bank’s chief China economist and head of China …

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The NDRC said in the recent media interview that Chin

na will adhere to the principle of fair and free trade in its management of rare-earth ex ports, but “the Chinese people will be unhappy” if the country’s exported rare-earth metals are used against China. Since the start of the China-US trade friction more than a year ago, Washington has taken many measures, includin g taking advantage of its edge in high-end chip making, to stymie Chinese high-tech firms, the NDRC said. The NDRC added that in its latest move to dampen China’s industrial development, the US governme nt has used an executive order to effectively ban products of Chinese …

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hich means even if Beijing does not take countermeasures

ch means even if Beijing does not take countermeasures equal in scale to Washington’s, the US economy will not be left unscathed. Tariff hike will harm both China and US The list of products subject to US tariff hike covers daily necessities, light industry and machinery, with the main targets being agricultural and food products, and general manufacturing goods produced by light industries. In terms of agricultural and food products, China is the third-largest supplier to the US, with processed fruits and vegetables; fruit and vegetable juice; fast food and snacks; fresh vegetables and tea leaves being the main items. …

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On April 18, Mao was waiting for his wife Feifei and thei

eir newborn baby outside the delivery room. However, Feifei died of an amniotic f luid embolism. The baby, suffering serious asphyxia, was sent to the intensive care unit, or ICU. After sitting outside the ICU for a whole night, Mao decided to donate his daughter‘s corneas and kidneys, allowing her to live in another way. “Feifei was a kindergarten teacher. She loved children. She often wen t to the welfare house to teach the abandoned kids there. She once said that if she cou ldn’t be brought back to life, she would want to help others. So I think this …

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