My three decades of r上海后花园 that these are not

t just invaluable repositories of Buddhist art, the artifacts also illuminate the historical and cultural interactions a

上海后花园女神会所mong the world’s civilizations. They were created amid some of the most open periods in Chinese history,” Zhang said.

Building on the conservation support it received from the United States, France

and other countries starting in the 1980s, the academy has since extended its rese上海后花园

arch work to other developing areas, Zhang said. Zhang himself led a multidisciplinary research trip to the Ba

miyan Buddhist statues site in Afghanistan last year. The Taliban turned the statu

上海后花园女神会所es into rubble in 2001 and the international community has been discussing how to restore them ever since.

“Our researchers have gone to India, Uzbekistan and Tajikistan. We are going out and opening more doors to cultural inter

action, sharing our knowledge that traces back to Dunhuang’s place on the Silk Road,” he said.上海后花园

Zhang Yuanlin, chief librarian and director of the center for research on the Silk Road and Dunhuan

上海后花园女神会所g at the academy, said the Mogao Caves are fascinating examples of the cultural, religious and soci

al interaction that China hosted in ancient times through its role as a trading hub.

The cave artifacts depict artistic elements beyond India, and Central and Wes上海后花园

tern Asia, to encompass influences from as far away as Greece and Rome, he said.

One cave mural of a horse-riding solar deity上海后花园

resembles the Apollo of Greek mythology, the Mithra sun god of Persian Zo

上海后花园女神会所roastrianism and the Surya sun god of the Vedic religion, according to Zhang Yuanlin.

Another cave contained images of 12 ecliptical signs, with some resembling Western descr

iptions of zodiac constellations such as Scorpius, Gemini, Cancer and Pisces, he said.

www.ashck.com

may pay no heed to 上海419论坛ency manipulation charges

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.”

leyishengpx.cn

chief executive John Flin上海千花网tends the World Eco

The chief executive of HSBC has stepped down after less than two years in the job, as the bank

ing giant revealed solid first half profits but warned it faced “challenging” geopolitics.上海千花网女神会所

The bank has also said it could cut nearly 5,000 jobs due to a weaker outlook, and the depar

ture of John Flint comes as trade-war tensions flare between the United States and China.上海千花网

Under Flint’s leadership, the bank has pivoted to Asia, which

accounted for more than half of its operating income in the second quarter.

HSBC Chairman Mark Tucker said talks over Flint’s future had been “going on for a while” and the decision was not taken lightly.上海千花网女神会所

“In the increasingly complex and challenging global environment in which the bank op

rates, the board believes a change is needed to meet the challenges that we face and to capture the very s

上海千花网ignificant opportunities before us,” Tucker said. “This is a decision about the future.”

HSBC said it would look both internally and externally for a new leader and that Noel Q

uinn, head of the commercial banking division, will be interim CEO in the meantime.上海千花网

The 51-year-old Flint ran the bank’s retail and wealth management business be

fore taking over as chief executive last year. At that time, he was seen as a safe choice for the上海千花网女神会所

top job and was known to be the favored selection of his predecessor, Stuart Gulliver.

上海千花网In an interview with the Financial Times on Monday, Tucker said: “This had noth

ing to do with personalities; this was a unanimous decision of the non-executive directors.”

Tucker denied that Flint was opposed to new cost cutting plans, which HSBC revealed on Monday would result in up to

4,700 job cuts, or 2 percent of its 237,685-strong global workforce. The move is e上海千花网女神会所

xpected to hit senior staff the hardest, helping reduce salary costs by as much as 4 percent.

HSBC made the surprise announcement as it reported a 15.8 percent rise in pretax profit to $12.4 billion for the six months to June 30.

www.dnrjpa.cn

Liang said since the tr上海千花坊ade dispute started, China

 has become the third largest trading partner of US.

“The first half of this year, only US imports increased; but its export上海千花坊女神会所

s have declined by 1 percent year-on-year. Its foreign trade growth entirely relies on its i

mports,” he said. “However, China’s exports in the first half of this year were still on the rise.”上海千花坊

Mei Xinyu, a researcher at the International Trade and Economic Cooperation Institute of the Ministry of Com

merce, said the intensified trade dispute will only further expose a downfall within the US economy.上海千花坊

India’s top lender seeks fresh growth opportunities to boost bilateral trade, investments

Amid a wave of closures of various Indians banks’ China operations, India’s larg

est lender said it will not only stay committed to serving the mainland market but seek fresh growth oppo上海千花坊女神会所

rtunities, to boost both bilateral trade and the growing Chinese investments in Indian startups.

上海千花坊”The deepening of reforms and opening-up in China’s financial services sector, and

the rise of the AIIB(Asian Infrastructure Investment Bank) and the NDB (New Development Bank) are en

上海千花坊couraging signs in China. Despite slowing economic growth, China remains a key destination for foreign banks. Pr

ospects for bilateral trade growth are bright, so we are looking at trade finance,” said Venkat Nageswar, deputy ma

naging director in charge of international operations of the State Bank of India.上海千花坊女神会所

He argued the $300 billion Chinese exports were mainly daily consumption products. As the tariffs are enforced, it will s

timulate inflation in the US, which has been increasing in recent years faster than the consumer price index.

上海千花坊Zhou Mi, a researcher at the Chinese Academy of International Trade and Econ

omic Cooperation, said imposing tariffs will only put on more risk on the supply side of US’ industry chain.

“China is a developing country while the US is a post-industrialized country. A large part of their materials to make con上海千花坊女神会所

sumer goods and industrial products depends on imports,” Zhou said, adding that tariffs will only leave the US with two ch

oices—buying from China with a higher cost, or buying from other countries with uncertain quantity and quality.

www.zaddw.cn

hina will foster new gro上海419论坛els of the platform

 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.

trwater.com.cn

Its leading actor Li Xia上海419论坛g Zi also respond

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.

xiaovfuli.cn

To resolve the proble上海千花坊articipating in the prog

ram may harm banks’ capital adequacy, regulators will support banks to issue perpetual de

上海千花坊bt – a type of debt without a maturity date – to replenish their capital. Foreign investors will also be allowed to own st

akes in the financial investment firms that take part in the debt-for-equity swaps, the guideline said.

Meanwhile, the guideline said that good-quality and com上海千花坊女神会所

petitive companies with high leverage ratios will be encouraged to participate

in the program and the country will step up efforts to enhance asset pricing of swaps.

上海千花坊Various measures will also be unveiled to lower corporate leverage and properly handle the debt issues of loss-making “zombie c

ompanies”, the guideline said, urging financial institutions to keep monitoring the risks of corporate debt.

Li Longhai, an analyst at Dongguan Securities Co上海千花坊女神会所

Ltd, said that the measures will help banks offload distressed debt from their

balance sheets and will help ease the pressure from the rising nonperforming loans.

“It will also benefit private companies and help them resolve debt risks. And it could sav

上海千花坊女神会所e companies that have strong growth potential but are in temporary difficulties,” Li said in a research note.

As of June 30, the contract value of the debt-for-equity swap program reached 2.4 trilli

on yuan ($350 billion) with about 1 trillion yuan already in place and ready for investment. The value of new contr上海千花坊

acts of debt-for-equity swaps signed in this year reached 390 billion yuan, according to the NDRC.

上海千花坊女神会所Zeng Gang, deputy director of the National Institution for Finance and Developmen

t, said: “The debt-for-equity swaps will improve the financing ability of companies, reduce

their borrowing costs and boost their profitability as well as their business sustainability.”

qianpadae.com

There is no single deve上海419论坛path, and all countrie

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.

mxhehuoren.cn

For example, Sichuan上海后花园ince, in China’s inland so

southwest, increased its exports by 21.9 percent in the first half, largely selling to Europe and ASEAN countries.

上海后花园ang Wenlei shapes Olympus’ China strategy with focus on services, manufacturing

Yang Wenlei, CEO of the China unit of Japanese tech giant Olympus Corp, said the local market is of great s上海后花园

ignificance for the company. Olympus, she said, has great confidence in the growth potential of the Chinese market.

The company will press ahead with research and development activities and high-end manufa

上海后花园女神会所cturing in China’s medical field. It also aims to tap the huge local demand for medical equipment, inc

luding endoscopes, microscopes, and solutions for minimally invasive surgeries, she said.

“We will enhance our efforts in medical, imaging and scientific solution sectors in China this上海后花园

year,” Yang said. “The medical sector will be our main focus and we will pour more resources into the segment.”

上海后花园女神会所At present, Olympus is focusing on sales promotions in China. “In the future, we hope to build a compr

ehensive regional headquarters in China, covering R&D, manufacturing, services and training,” Yang said.

“We attach great importance to the medical sector in China. Compared with Europe, the United States, Japan and上海后花园

other developed countries, China has huge potential demand for medical equipment, given its aging population.”

I had expected to see some impact of the trade war on southeastern provinces where export manufa

上海后花园cturing is concentrated. But, Guangdong province grew by 6.6 percent and Zhejiang grew at 7.7 p

ercent year-on-year, both higher than the target rates, in the first quarter, according to the latest data available.

These export-oriented manufacturing provinces are transforming t上海后花园女神会所

oward higher tech manufacturing and are also increasing exports to developing co

untries. For example, Zhejiang’s exports to ASEAN countries surged 22.5 percent year-on-year.

上海后花园女神会所So, the strategy of using domestic reforms and international opening-up to in

crease domestic competition, moving to consumption and services, and emphas

izing higher tech, higher value-added manufacturing is working, according to the latest data.

jvuau.cn

uawei to use self-devel上海千花网ating system in smar

Huawei said on Friday that the company will use its HongMeng operating system in smart TV products to be unveiled in August.

上海千花网The move is part of Huawei’s broader push to increase the applications of its in-house resea

rch and development capabilities amid the US government’s restrictions on the company.上海千花网品茶微信

Yu Chengdong, CEO of Huawei’s consumer business group, said the smart-screen products, considered the futur

e of smart TVs, will use Huawei’s self-developed HongMeng operating system to connect home appliances.

上海千花网These smart-screen products are Huawei’s first step into the TV sector.

Alibaba’s chip-making subsidiary Pingtouge Semiconductor T

hursday launched its first processor XuanTie 910 built on an open-source architecture.上海千花网

The processor can be used in applications in fields including 5G, arti

ficial intelligence (AI) and autonomous driving, according to Alibaba.

上海千花网品茶微信The processor is built on the RISC-V hardware instruction set architecture (ISA) that is

open and energy saving, it said, adding that RISC-V is widely seen as one of the core architectures for chip dev

elopment under the artificial intelligence of things (AIoT) technology in the mobile internet era.上海千花网

The processor is over 40 percent more powerful than the current best RISC-V processors

上海千花网品茶微信and can greatly reduce the design and manufacturing costs of high performance chips.

In the sectors of 5G, AI, network communication and autonomous driving, the processor c

an more than double the performance of chips and reduce the cost of chips by more than half, it said.上海千花网

Alibaba announced the establishment of Pingtouge Semiconductor in S

eptember 2018, just months after it acquired Chinese chipmaker C-SKY Microsystems.

上海千花网Experts on Thursday called for more effort to be made to enhance integration of digital technolog

ies and the physical world, so their application can benefit human beings in smart, safe ways.

“Technologies such as virtual reality, augmented reality and mixed real上海千花网品茶微信

ity have been widely applied in modern life, such as performing medical operations from a dista

nce and helping car navigation by transmitting real road conditions,” said Li Peigen, a member上海千花网品茶微信

of the Chinese Academy of Engineering and president of the Chinese Mechanical Engineering Society

biaodoudou.cn