Supported by the la微信群红包乌托邦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微信群红包乌托邦

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.

微信群红包乌托邦品茶微信”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微信群红包乌托邦

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微信群红包乌托邦品茶微信

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

微信群红包乌托邦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.微信群红包乌托邦

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

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

微信群红包乌托邦Exchange Reserves, or COFER, an International Monetary Fund database, in 2015.

According to COFER, which keeps quarterly data on the currency composition of official微信群红包乌托邦品茶微信

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.

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Development of the微信群红包会所was approved by the

?central government in June 2009. More than 10,000 researchers and engineers from hun

dreds of domestic institutes, enterprises and universities took part in the AG600 pr微信群红包会所品茶微信

ogram. Construction of the first prototype began in March 2014 and was completed in July 2016.

微信群红包会所The seaplane made its maiden flight in December 2017 in Zhuhai, Guangdong p

rovince, taking off and landing at an airport. Ten months later, it carried out its fi

rst takeoff and landing on water at Zhanghe Reservoir in Hubei province’s Jingmen.微信群红包会所

With a length of 37 meters and a wingspan of 38.8 meters, the AG600 is roughly the size of a Boeing 737. Powered by four do

微信群红包会所品茶微信mestically designed WJ-6 turboprop engines, it has a maximum takeoff weight of 53.5 metric tons. It is the

world’s biggest amphibious aircraft, surpassing Japan’s ShinMaywa US-2 and Russia’s Beriev Be-200.

The AG600 will mainly be tasked with aerial firefighting and maritime se微信群红包会所

arch and rescue operations. It can also be refitted to conduct marine environm

ental inspections, marine resource surveys as well as personnel and supply transport, AVIC said.

The aircraft is designed for land and water takeoffs and landin微信群红包会所品茶微信

gs and has an operational range of about 4,500 kilometers. It can carry 50 people.

When assigned to fight forest fires, it can collect 12 tons of water from a lake or sea in 20 sec

微信群红包会所onds and use it to douse blazes over an area of about 4,000 square meters, the company added.

Wang Yanan, editor-in-chief of Aerospace Knowledge magazine, said the A

G600 may be of interest to countries with extensive coastlines or many islands becau微信群红包会所品茶微信

se the seaplane is suitable for maritime operations as it is much faster and more flexible than ships.

Wang said the aircraft has much room for improvement including using more advanced compo

site materials or stronger engines that will further boost its range and carrying capacity.

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Xi visited Australia’s T微信群红包419论坛nia state to fulfill his

s promise made to a late friend of his 13 years earlier.

Jim Bacon, then premier of Tasmania, visited China in 2001 when Xi was governo微信群红包419论坛

r of Fujian province, which had established a sister state relationship with Tasmania.

微信群红包419论坛品茶微信Xi told Bacon’s family that Bacon invited him to visit Tasmania then and he agreed.

He praised Bacon as an old friend of the Chinese people for his contribution to relations

between China and Tasmania as well as Australia and invited his family to visit China in the future.微信群红包419论坛

“People-to-people exchanges pave the road for handling international rel

微信群红包419论坛ations,” Han Fangming, deputy director of the Foreign Affairs Committee of t

he Chinese People’s Political Consultative Conference’s National Committee, said in an article published in

Public Diplomacy Quarterly, which is sponsored by the Foreign Affairs Committee.微信群红包419论坛品茶微信

He also proposed the establishment of an innovative, high-level people-to-people exchange m

微信群红包419论坛echanism that also involves not only politicians, but also governmental departments, think tanks a

nd individuals in extensive cultural exchanges between China and other countries.

In a speech at the opening ceremony of the Conference on Dialogue of Asian Civilizations微信群红包419论坛品茶微信

in May, Xi said people are the best bridge for exchanges and mutual learning among different cultures.

微信群红包419论坛”Closer people-to-people exchanges and mutual learning, for that matter, are sure ways to eliminate es

trangement and misunderstanding and promote mutual understanding among nations,” he said.微信群红包419论坛品茶微信

The conference was initiated by Xi to promote cross-civilization exch

anges and mutual learning across Asia and build an Asian community with a shared future.

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People are best bridge微信群红包419exchangesWang Li

The president has been advancing a new type of diplomacy with personal letters, initiatives

Editor’s note:?Xi Jinping Thought on Diplomacy is the fundamental guideline for China’s diplo微信群红包419品茶微信

matic work in the new era. China Daily is publishing a series of stories to examine how Xi’s proposals have b

微信群红包419ecome internationally accepted and made great contributions to world peace and human progress.

At the start of the new semester in August, 105 students at Niles North High School in Skokie, Illinois, had chosen to learn Chinese as a world language.

Four months ago, a group of over 40 students from this school received a letter in微信群红包419

reply from President Xi Jinping encouraging them to make greater progress in studying Chinese.

Tedd Bowen, director of world languages at Niles Township High School District 219, said C

微信群红包419hinese classes began in 2008 following requests from parents and a student interest survey.

“American public schools are increasingly aware of th

e economic, political and strategic needs for learning Mandarin Chinese,” he said in an email.微信群红包419品茶微信

Recalling the letter exchange with China’s leader, Bowen said he was most impres

sed that the students received a personalized response. “We are honored to receive it,” he said.微信群红包419

When the students in their first year of studying Chinese began practicing asking qu

estions and writing, their teacher had them write a letter to Xi as practice, Bowen said.

The teacher “wa微信群红包419品茶微信s pleased with how well they did, so the students voted on the letter they wanted to send”, he said.

In the letter, the students said that they love the Chinese language and character

s, as well as music and Chinese food, and that they would love to have the chance to visit China.

微信群红包419The letter was sent to the Chinese consulate in Chicago and then sent on to Beijing.

In his reply, Xi welcomed the students to visit China and said he hopes that they will ma

ke contributions to promoting friendship between the Chinese and American peoples.微信群红包419品茶微信

It was not the first time this year that Xi has replied to letters to foreign stu

dents who are studying Chinese and praised their enthusiasm for Chinese culture.

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The Beijing municipal 微信群红包龙凤rnment is offering sub

bsidies of up to 73,800 yuan ($10,416) per vehicle if taxi owners will buy electric ones, according to a document released in July.

At a forum in July, BAIC Group Chairman Xu Heyi said all taxisin Beijing will become electric?微信群红包龙凤女神会所

within three years. BAIC owns Beijing Electric Vehicle Co, which is the largest electric carmaker in the country.

?微信群红包龙凤A representative at BJEV said that as the subsidies are cut, the number

of private owners may fall somewhat but the proportion of electric vehicles used such?微信群红包龙凤女神会所

as taxis and ride-hailing vehicles will rise as they are cheaper to use than gasoline ones.

Carmakers have long stepped up their efforts in new energy vehicl

es. BAIC and Changan said in 2017 that they will phase out conventional fuel-powered cars by 2025.?微信群红包龙凤女神会所

Volkswagen plans to produce around 11 million electric cars in China by 2028. This is more than half of its global target of 22 million.

?微信群红包龙凤China started its new energy vehicles initiative in 2009 and overto

ok the United States in 2015 as the largest market for them in the world.

So far, there are around 3.5 million new energy vehicles on the country’s roads. The figure is expected to reach 5 million by the?微信群红包龙凤女神会所

end of 2020, according to the China Association of Automobile Manufacturers.

Foreign marketing, analytics companies are looking to meet strong data tracking demand as Chinese firms expand overseas

?微信群红包龙凤China is gearing up to be one of the few truly mobile-first economies in the world, which is spur

ring foreign mobile marketing and analytics companies like AppsFlyer to target opportunities in the country.

Oren Kaniel, CEO and co-founder of AppsFlyer, said that in?微信群红包龙凤女神会所

China, the firm’s development is “much faster than they can grow the team”.

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The overall performanc微信群红包夜生活 of the STAR Market saw

the full pricing-in of opinions from bulls and bears, an uptrend wi

h fluctuations, and a return to rationality,” the SSE said in the announcement.微信群红包夜生活

Relaxed price fluctuation limits have enabled the STAR Market stocks to be more timely priced, leading to higher p

ricing efficiency than the main board, according to analysts from Shenwan Hongyuan Securities.

微信群红包夜生活女神会所Securities regulators lifted price fluctuation limits for STAR stocks in their first five trading days, and thereafter a 20 pe

rcent daily price fluctuation limit is effective, versus a 10 percent limit on the main board.

Analysts expect trading on the STAR Market to become more rational in the medium term, with valuation levels to bet微信群红包夜生活

ter reflect company fundamentals. Firms with strong fundamentals may sustain high

valuations, while weaker ones may see a marked divergence in stock price performance.

The market-oriented initial public offering mechanism微信群红包夜生活女神会所

of the STAR Market, or the registration-based IPO system, also showed its effect, with the 28 STAR li

stings’ price-to-earnings ratios of offer price varying from 18 to 269, according to SSE data.微信群红包夜生活

This marked a difference from the main board, where almost all new offerings are p

riced at a maximum of 23 times earnings under the approval-based IPO system.

微信群红包夜生活女神会所The SSE also disclosed that during the first trading month of the STAR Market, it strengthened

supervision on illegal trading and dealt with eight cases of abnormal trading behavior on the new board.

No-go areas for gasoline vehicles to spur new energy sector’s development微信群红包夜生活

China is encouraging local authorities in regions with appropriate conditions

to set up no-go zones for gasoline cars and use more new energy vehicles for public trans

port, which analysts and industry insiders say will help boost the industry’s development.微信群红包夜生活女神会所

“Regions with ripe conditions have our support if they establ

ish trial projects to establish no-go zones for gasoline-powered vehicles

and replace such vehicles with new energy vehicles in the urban public transport system,”

said the Ministry of Industry and Information Technology in a statement on its website on Tuesday.

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The activities include 微信群红包夜生活bitions, lectures, semin

seminars, salons, book launches and many others.

One day before the opening of BIBF, the 13th Special Book Award of China was held in Beijing微信群红包夜生活

to honor 15 foreign writers, translators and publishers who have helped spread Chinese culture.

微信群红包夜生活女神会所Romanian translator Ioan Budura was one of the award winners. He said he felt enc

ouraged by the honor and wanted to “continue supporting the communication betwe

en China and Romania” in the future. Romania is also featured as the guest of honor of the fair this year.微信群红包夜生活

A Beijing International Publishing Forum was also held on

Aug 20 to discuss how to improve the quality of publishing content and promotion.

微信群红包夜生活女神会所A Hong Kong pavilion has also been opened at the book fair despite the special administrative region’s recent troubles.

“It is Hong Kong’s ninth visit to BIBF, and we want to exchange Hong

Kong’s creations with people in the publishing business and with readers through this o微信群红包夜生活

pportunity,” said Lee Ka Kui, chairman of Hong Kong Publishing Federation Limited.

Lee admits the recent chaos in Hong Kong has negatively affected publishing th

ere since many retail bookstores have closed and much fewer people attended the H微信群红包夜生活女神会所

ong Kong Book Fair that was held on July 17-23. He hopes violence will cease and communication will continue.

This time, 66 Hong Kong companies brought over 2,000 books and other works. One feature of their pavilion is a cre微信群红包夜生活

ation corner showcasing many STEM books – about science, technology, engineering and mathematics.

“It seems STEM books are quite popular in the world now, and we want to follow that trend,” Lee said.

微信群红包夜生活女神会所The pavilion also contains an artistic and cultural zone exhibiting some Cantonese books.

“I hope we will bring more Chinese mainland writers and books to Hong Kong, and vice versa,” Lee said.

The establishment of a national ethics committee on science and technology will i微信群红包夜生活

mprove supervision and ensure they develop along the right path, experts said.

“There have long been calls to set up a top-level ethics committee to微信群红包夜生活女神会所

enable unified supervision of scientific research,” said Zhai Xiaomei, deputy dir

ector of the National Health Commission’s Expert Committee on Medical Science Ethics.

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he behind-the-seque 微信群红包楼凤tories of Dust to Dust

Before the symposium, Xi visited the grottoes and inspected the w

ork of cultural relics protection and research. During his visit, Xi spoke with tourists.?微信群红包楼凤

Digging of the Mogao Grottoes began in 366. They symbolize the great achievement

?微信群红包楼凤女神会所s of China’s Buddhist art from the fourth century to the 14th century. They also showcase the cultural int

egration and mutual learning among the diverse civilizations along the ancient Silk Road.

Fan Jinshi, an archaeologist who began working in Dunhuang in 1963 at the age of 25 and is now hon?微信群红包楼凤

orary president of the Dun-huang Academy, said she attended the symposium and was excited at Xi’

s placing so much importance on the protection of cultural relics, China Central Television reported.?微信群红包楼凤

Xi mentioned many times in his remarks the need to increase support for the protection o

?微信群红包楼凤女神会所f cultural relics, Fan said, adding that he also suggested employing high technology in protecting cultural relics.

In a written instruction to a national meeting on cultural relics protection in April 2016, Xi called cultural relics “a val

uable legacy from our ancestors”, and stressed that conservation will benefit future generations.?微信群红包楼凤

On Tuesday, Xi laid a floral basket at a monument in memory of the revolutionary martyrs of the West Route Ar

my of the Chinese Workers’ and Peasants’ Red Army in Gaotai county, and paid t?微信群红包楼凤

ribute to those who sacrificed their lives in the battles against the Kuo-mintang from 1936 to 1937.

?微信群红包楼凤女神会所He also visited Jiayu Pass, the first frontier fortress at the wes

t end of the Great Wall during the Ming Dynasty (1368-1644). He listened to an introd

uction of the Great Wall and the passes in Hexi Corridor, part of the ancient Silk Road.

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Many young people i微信群红包千花网isunderstood US

?citizens. Even many Americans disagree strongly with US politicians. The v

iolence part of Hong Kong protesters is what an average American would frown upon.微信群红包千花网

There was a “China is not an enemy” open letter to the US president recently in The Wa

微信群红包千花网shington Post by a group from the academic, foreign policy, military and business communities, overwhelmingly from

the US, including a former US ambassador to China and professors from Yale, MIT and Harvard.

The letter reads in part: “US opposition will not prevent the continued expansion of the Chinese economy, a greater global mar微信群红包千花网女神会所

ket share for Chinese companies and an increase in China’s role in world affairs…. We do not believe Beijing is an ec

nomic enemy or an existential national security threat that must be confronted in every sphere.”微信群红包千花网

It is imperative for the protesters to heal the wound now and clearly stay

away from the rioters. Identify the right crowd and recognize one incontrovertible fact-t

hat Hong Kong is part of China. Upholding the “one country, two systems” principle is the first step toward微信群红包千花网女神会所

restoring the rule of law in Hong Kong. Please do not become the ones you hated most. If Hong Kong becomes hell, you are

contributing to it, for, as the open letter mentioned earlier also says, “Efforts to isolate

China will simply weaken those Chinese intent on developing a more humane and tolerant society.”微信群红包千花网

The wrong crowd cannot represent you, and you are the most unique if you avoid the crowd and turn back now.

The auction of a prominent dragon-shaped building in Pangu Plaza in Beijing bega

微信群红包千花网n with a starting price of more than 5.18 billion yuan ($734 million) on Monday.

The auction, organized by the Beijing No 3 Intermediate People’s Court, is fo

r the 44-story No 5 building of the plaza near the National Stadium-also known as the B微信群红包千花网女神会所

ird’s Nest-on the capital’s north-south axis in Chaoyang district. It will end at 10 am on Tuesday.

Since the court put the building-related information on e-commer

ce platform Taobao in July, the auction has been viewed about 120,000 times.微信群红包千花网女神会所

But as of press time, just two people have registered to participate in the bidding.

According to the auction rules disclosed by the court, every participant should pay 1 billion yuan as a security deposit, a

nd the price will increase by 5 million yuan each time another participant joins.

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PBOC interest rate refo微信群红包419 small businesses

Borrowing costs will get lower for companies in China starting Tuesday through a

key interest rate reform brought out by the People’s Bank of China, the central bank, to maintain ec微信群红包419

onomic momentum amid the continuing trade friction with the United States.

微信群红包419女神会所Analysts say the interest rate reform will lower financing costs for small a

nd private companies and encourage investment in the manufacturing sector.

The PBOC unveiled the policy over the weekend, saying it would introduce a new reference rate, the loan prime rate-the pr微信群红包419

ice of loans banks offer their best clients-for setting the prices of business and household loans. The earlier re

微信群红包419ference rate, the one-year benchmark lending rate, will be replaced in the future.

The announcement is seen as China’s most significant market-based interest rate reform for over a decade, experts said.微信群红包419女神会所

The PBOC said in a statement that, starting Tuesday, 18 qualified commer

cial banks, including State-owned banks, city and rural commercial banks and foreign banks, will report their lend

微信群红包419ing reference rate every month. Analysts expect the first loan prime rate will be much lower than the current 4.35 per

cent one-year benchmark lending rate, which has been unchanged since August 2015.

The statement said commercial banks will be allo微信群红包419

wed to float the lending rates up by certain percentage points above the medium-ter

微信群红包419女神会所m lending facility rate of the central bank. The medium-term lending rate is the cost that commercial banks sho

uld pay for borrowing from the central bank, and it was set at 3.3 percent on Thursday.

Sheng Songcheng, a central bank adviser and former head of the PBOC’s

statistics department, said the reform will help keep lending rates lower.

Moreover, the changes will enable the PBOC to effectively influence Chin微信群红包419女神会所

a’s entire interest rate system by selling or buying financial instruments on the open

market, much like how Western central banks implement monetary policy, Sheng said.

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