The United States’ labeling of China as a currency manipulator is unlike
上海419论坛ly to compel the International Monetary Fund to intervene, as it concluded recently that Chi
na’s currency practices are in line with its economic fundamentals, according to experts.
On Monday, the US Treasury, following an earlier pronouncement by US President D上海419论坛品茶微信
onald Trump, applied the label to China after the yuan depreciated, escalating the US-China trade friction.
The yuan now trades at about 7-to-1 against the dollar. That’s in line with China’s econo
上海419论坛mic fundamentals, and the IMF is therefore unlikely to impose sanctions on Beijing, according to Gary Huf
bauer, a senior fellow at the Peterson Institute for International Economics in Washington.
Hufbauer said that Trump believes the People’s Bank of China (PBOC) engaged in currency manipulation because it fail上海419论坛品茶微信
ed to support the yuan despite ample cash reserves, apparently creating a new standard overnight.
“The IMF defines currency manipulation as deliberate intervention to weaken a curren上海419论坛
cy in support of larger exports,” he told China Daily. “China’s yuan was weakened by market forces in response t
上海419论坛品茶微信o Trump’s latest tariff threat－and there’s nothing deliberate about China’s action.”
The IMF defines currency manipulation in Article IV of its rules and requires a vote by its execu
tive board. The US has its own standards, defined in a 1988 law, expanded by former president Barack O上海419论坛
bama as part of the Trans-Pacific Partnership negotiations, and codified in 2015.
“Trump’s declaration is not consistent with any of the previously announced standards,” Hufbauer said
上海419论坛品茶微信 “Trump is toying with the idea of countervailing currency intervention－selling dollars to bu
y yuan－but that seems unlikely. The Fed is not likely to go along, and the Exchange Stabilization Fund controlled
by the Treasury does not have the big bucks needed to move currency markets.”
economy, promote the development of the “internet plus service industry “and encourage social capitals to invest in sect
上海419论坛ors like medicare, education and tourism, according to a statement released after the meeting.
The business climate will be further optimized and the approval procedures for the set
up of new platform firms and their branches will be further streamlined, said the statement.上海419论坛
The latest policy push comes after China unveiled a guideline on facilitating the sector in March, wh
上海419论坛女神会所ich promised to foster a batch of 100 billion yuan (about $14.5 billion) commodity markets by 2020.
Through the development of the platform economy, China aims to build a commodity circulation system that fits the m
odern economic system, said the guideline jointly released by the Ministry of Commerce and 11 other departments.上海419论坛
Thanks to the domestic economic transformation, fast-improvin
上海419论坛女神会所g internet infrastructure and the country’s continuous stimulation in mass inn
ovation and entrepreneurship, various commercial platforms have sprung up in recent years, covering fields f
rom traffic, shopping, entertainment, household services, home rental to food delivery.上海419论坛
Part of the platform economy, e-commerce has seen explosive expansion in China. Taking
e-commerce giant Alibaba as an example, its online sales within 24 hours on “Singles Day” or Nov 11 am
上海419论坛ounted to a record of $31.46 billion last year, exceeding that of Cyber Monday and Black Friday combined.
With Alibaba, Tencent and Ant Financial ranking as the top three, the number of super-large
platform enterprises in China stood at 20 by the end of 2018, whose market value totaled over $1.38 tril上海419论坛女神会所
lion, according to a survey by the China Academy of Information and Communications Technology.
上海419论坛In the first half of 2019, online sales of physical goods rallied 21.6 percent to 3.82 tri
llion yuan, accounting for 19.6 percent of the total retail sales, according to the MOC上海419论坛女神会所
data, partly showcasing the country’s huge potential for the expansion of the platform economic sector.
ded on Weibo by defending the integrity of China’s territory.
上海419论坛Some State media, including People’s Daily, posted correct maps with the hashtag “R
ight way to open Chinese map” on Weibo and called on people to learn China’s territory better.
The ministry announced on its website that a nationwide program will be held at the end of this mont上海419论坛女神会所
h to educate the public about national territory and the map of China, as well as how to use the map correctly.
People living in Hotan prefecture in the southern Xinjiang Uygur autonomous region
上海419论坛can travel to other parts of China along a newly opened expressway connecting th
e last prefecture in Xinjiang to the modern transportation infrastructure in the rest of the country.
The expressway, linking Shule county in Kashgar prefecture and Moyu county上海419论坛
in Hotan, stretches 434 kilometers and is a subsection of the G30 National Express
上海419论坛女神会所way, which links Lianyungang in East China’s Jiangsu province with Horgos on the China-Kazakhstan border.
Construction of the expressway began in July 2017 and it opened on July 31. It has a designed speed of up to 120 kilometers per hour.
The Hotan prefecture had its first expressway linking Moyu county and Hotan cit上海419论坛
y in August last year, but the expressway was not connected with those in other parts of Xinjiang.
Hotan is located in southern Xinjiang, which is known for its hostile environ
上海419论坛女神会所ment and complex geological conditions. It is also one of the poorest regions in China.
Pan Feng, president of a logistics company in Hotan, said the opening of the new expressway is great news for logistics comp
anies as it can shorten the travel time from Kashgar to Hotan from eight hours to just more than four hours.上海419论坛女神会所
“The opening of the expressway will improve traffic infrastructure and benefit the economic development and po
verty alleviation of Hotan,” said Lu Jun, head of the construction team for the expressway.
上海419论坛Extra efforts were taken to overcome construction difficulties and extreme weather, s
uch as sandstorms, rainstorms and flooding and to protect the local ecosystem, he said.
The total length of expressways in Xinjiang is expected to reach 5,234 km by the end of 2019, with上海419论坛
an additional 434 km being built this year, according to the Xinjiang transport department.
es have the right to explore their own path of development and their own human rights protection model.
上海419论坛Xinjiang is China’s internal affair, and it concerns China’s sovereignty, n
ational security and territorial integrity. The problems in Xinjiang are not ethnic or relig
上海419论坛品茶微信ious issues, but issues of terrorism and violent crimes. The Chinese government has taken measures
according to the law to respond to these challenges to ensure social stability and the fundamental interests of local people.
The measures China has taken in Xinjiang are to not only fight ag上海419论坛
ainst terrorism, extremism and separatism, but also prevent more people from being br
上海419论坛品茶微信ainwashed by harmful ideology that is often packaged in religion and nationalism.
These measures have reversed Xinjiang’s security situation within a few ye
ars. Over the past nearly three years, Xinjiang has not witnessed any violence incidents, wh上海419论坛
ich is a significant achievement for a region that is three times as large as France with a population of about 24 mil
l上海419论坛品茶微信ion comprising 47 ethnic groups and many different religions.Reviewing the reform of Party and State institutions at a m
eeting on July 5, Xi Jinping, general secretary of the Communist Party of China Central Committee, said the ref
orm’s achievements should be consolidated and China’s system and capacity for governance modernized.
Xinjiang was once at a crossroad where it threatened to become another hotbed and上海419论坛品茶微信
exporter of terrorism. China has turned it to a region of stability and prosperity.
Beijing has invited foreign envoys, ambassadors, international organization officials and repo
rters to visit Xinjiang many times. Almost all of the people who have seen Xinjiang, including the vo
cational education training centers, for themselves have said that it is different from the Western media’s reports.
The duplicity and hypocrisy of some Western countries are evident in their one-sided and baseless criticism of the a
nti-radicalism measures employed in Xinjiang. It seems only after Beijing gives a green light to the spre
ad of terrorism, extremism and separatism will these Western countries pocket their accusing fingers.
officer who was sacked in 1994 and sentenced to prison in 1998 for covering up her son’s rape case.
上海419论坛女神会所Sun’s stepfather Li Qiaozhong was once a deputy police chief in the Wuhua district of Kun
ming, and was removed from the position in 1998 for helping Sun get out of jail illegally
South Korea – An internal balcony at a nightclub in South Korea collapsed on Saturday, killing two 上海419论坛
people and injuring 16 including American and other athletes at the world swimming championships, officials said.
上海419论坛女神会所Hundreds were at the nightclub in the southern South Ko
rean city of Gwangju when the collapse occurred next to the athletes’ village.
Two South Korean men died while 16 others were injured, police
said. According to a police account, the injured include 10 foreigners, eight of them ath 上海419论坛
letes who were in Gwangju to participate in the swimming championships.
上海419论坛女神会所Among the athletes were three Americans, two New Zealande
rs, one Dutch, one Italian and one Brazilian, a police officer said, requesting anonymity ahe
ad of an official announcement. He said most had minor injuries but an American female water polo player requ 上海419论坛
ired surgery. The other two Americans — a man and a woman — are also water polo players, the police officer said.
Police said they detained one of the nightclub’s co-owners and summoned three othe
上海419论坛女神会所r club officials to investigate whether the collapsed balcony was an unauthorized structure.
“This is an awful tragedy,” said Christopher Ramsey, CEO of USA Water Polo. “Players from our
men’s and women’s teams were celebrating the women’s world 女神会所championship victory whe 上海419论坛
n the collapse occurred at a public club. Our hearts go out to the victims of the crash and their families.”
上海419论坛Among the Americans, Kaleigh Gilchrist suffered a deep left leg laceration and underwent surgery at a hospital in Gw
angju, said Greg Mescall, director of communications for 上海419论坛女神会所
USA Water Polo. He said that Paige Hauschild suffered
lacerations on the right arm and Johnny Hooper on the left hand that required stitches.
Graduates trained in cooking the crustaceans earn double the average
Almost China’s national snack, people’s strong love for crawfish h上海419论坛女神会所
as meant graduates who specialize in the dish can earn twice as much as others with college degrees.
上海419论坛Thirty-five graduates who studied how to cook crawfish-also called crayfish-for two years, ob
tained vocational degrees from Qianjiang Crayfish School in Hubei province recently.上海419论坛
Twenty-nine of them have already secured jobs with average monthly salaries of more than 1
上海419论坛0,000 yuan ($1,457) due to the large demand for crawfish chefs, said Wang Zhongqiu, a teacher at the vocational college. He ad
ded that the other six graduates decided to open their own crawfish restaurant.
According to a report by Mycos, an educational research compa上海419论坛女神会所
ny, the average monthly salary for college graduates in China was 4,624 yuan in 2018.
上海419论坛It is quite common for crawfish chefs with more than three years’ experience to earn 30,000-50,000 yuan a month and the scho
ol plans to enroll another 200 students in crawfish-related majors this year, Wang said.
The school first introduced three majors related to the cooking, marketing and management of crawfish in 2017 and be上海419论坛女神会所
came the first and only college nurturing talent for the crawfish industry, he said.
上海419论坛”Apart from the three majors, it plans to open a new major in crawfish breeding. From raising baby crawfish, transporting the
m to the restaurant and finally bring the dishes to the table, we want to cultivate talent in all crawfish-related areas.”
Despite the good pay, the work is onerous. Chefs have to work o上海419论坛女神会所
vertime and some have to cook hundreds of kilograms of crawfish each day, Wang said.
上海419论坛女神会所The peak season for crawfish is from March to November, so they will earn much less during the slow season, he added.
Huang Yu, 21, is a graduate from the crawfish school. He has ope
ned a crawfish restaurant with his family in Yichang, Hubei province, his hometown.
ember EU to lea上海419论坛品茶微信d by example in setting an ambitious new climate goal a
head of UN climate talks in September that US President Donald Trump has abandoned.上海419论坛
But unanimity was needed, and last-ditch persuasion efforts in what diplomats described as “im
上海419论坛passioned” talks that dragged on for four hours failed to ease fears among the central and eastern Euro
pean states, including Estonia, that it would hurt economies like theirs dependent on nuclear power and coal.
EU leaders called on the European Investment Bank (EIB) to increase climate fund上海419论坛
ing and acknowledged vast differences in the continent’s energy mix, but Poland remained unmoved.
上海419论坛”We need concrete things on the table,” Polish Prime Minister Mateusz Morawiecki s
aid. “What additional money could be allotted to Poland so that we do not end up in an offside trap?”上海419论坛
Shandong University said in a statement on Friday that it has apologized for the bad social i
mpact caused by its buddy policy that implies local female students will be selected to aid foreign students who live and study at the school.
The university said that online comments on its buddy policy aroused public attention recently.
During the implementation of the policy, due to insufficient checks, the improper expres
sion, “making friends with foreigners of the opposite sex” appeared on the application form, the school said.
“We would like to express our sincere appreciation for people from all walks of life conce
rning the development of Shandong University, and be sincere abo
ut the criticism and suggestions of the vast number of netizens,” the statement said.
The university said the policy aims to facilitate academic achievements and cultural exchanges of native and foreign students by learning from each other.
The students all voluntarily applied to the program and are required to strictly obey related r
ules if they are selected. The students will study in groups, and there wil
l be no such situation as one male foreign student and three females.
Little has been revealed about what each party actually said during their lat
est conversation. But Chinese Vice-Premier Liu He’s phone call with US Trade Re上海419论坛
presentative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Tuesday has made headlines anyway.
上海419论坛女神会所Information available so far suggests the conversation was at least partly
about bringing the negotiators back to the negotiating table.
Although tentative, this surely is a constructive initial step toward building on the all-impor上海419论坛
tant outcome of the June 29 Osaka meeting between the Chinese and US leaders, which secured a pause in th
上海419论坛女神会所e two countries’ trade war. After all, this was the first high-level contact at the operational level since then.
Progress was made after the two leaders agreed to further negotiations when they met
in December, and it is to be hoped that will be the case after their consensus this time.上海419论坛
However, considering how the subsequent talks broke down, how the two part
上海419论坛女神会所ies responded, and what they want from each other, it would be advisable to be realistic about what to exp
ect, otherwise the trade impasse will be perpetuated and their respective economies will continue to suffer.
Both countries need and want a trade deal and fine trading ties. This is the understa上海419论坛
nding both countries have reached after a grueling year of tit-for-tat tariffs. Which is why, despite all the dr
上海419论坛女神会所awbacks, we remain convinced Beijing and Washington will indeed make every effort to find a way out.
While Beijing is fighting fiercely against the rising noise of “decoupling” the C
hinese and US economies, the latter appears equally anxious for that not to happen. If Beijing is driven mostly by con上海419论坛女神会所
cerns about looming economic woes, Washington has the 2020 election as an additional incentive.
More than 28,600 people were affected after a strong tornado hit a city in Northeast China’s Liaoning province on Wednesd
ay, causing an economic loss of over 1 billion yuan ($145 million), the local government announced on Saturday. 上海419论坛
The tornado, packing winds up to 23 meters per second, struck the c
上海419论坛女神会所ity of Kaiyuan around 5:15 pm Wednesday. It touched down at the Jingouzi township, ram
paged through an industrial park and churned south. It lasted around 15 minutes.
The tornado, packing strong showers and hailstones, wreaked havoc on apartments, factory buildings and electricity poles. 上海419论坛
The ongoing East Asia Expo 2019 held in Jinan, capital of East China’s Shandong province, has attracte
d more than 500 institutions and enterprises from 56 countries and regions and presented over 10,000 exhibits.
上海419论坛女神会所The expo focuses on the development of trade in goods and servi
ces between China, countries in East Asia and other countries and regions.
Introducing Russian honey, vodka and other commodities to visitors, Russian trader Darya said m 上海419论坛
any companies had shown an interest to cooperate and some have reached initial intentions.
“The expo sets a good stage for economic and trade exchanges,” said Darya.
上海419论坛女神会所Deep sea cod from the Netherlands are also popular at the expo, with long queues outside the Dutch exhibition area.
Many exhibitors are confident about the huge consumption potential of the Chine
se market. “Tariffs have been cut, and even the prices of those imported with original packaging are not so high. On 上海419论坛
the other hand, in the context of the consumption upgrading, many Chinese consumers pay more attention to the q
uality of goods and life,” said Cai Lizhen, an importer of ceramic glazed pots in the German exhibition area.
Scheduled from July 5 to 7, the expo also includes an e-commerce development for
um, which mainly shares cutting-edge ideas and achievements of e-commerce worldwide. 上海419论坛
Six people were killed and more than 190 were injured.
Sixty-three injured people have been discharged from hospital, w 上海419论坛女神会所
hile those who remain hospitalized are in stable conditions, authorities said.
Power and water supply have recovered in most of the affected areas, and the damaged houses are expected to be fixed in 10 days.