Supported by the la上海乌托邦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上海乌托邦

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.

上海乌托邦品茶微信”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上海乌托邦

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上海乌托邦品茶微信

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

上海乌托邦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.上海乌托邦

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

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

上海乌托邦Exchange Reserves, or COFER, an International Monetary Fund database, in 2015.

According to COFER, which keeps quarterly data on the currency composition of official上海乌托邦品茶微信

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.

izhankai.cn


encourages progress 上海419 SeaPresident Xi Ji

President, Duterte pledge efforts on code of conduct, sign deals on cooperation

 上海419品茶微信President Xi Jinping said on Thursday that China and the Philippines should commit t

hemselves to push forward the Code of Conduct in the South China Sea so it can be finished as early as possible.

Xi made the remark when meeting with Philippine President Rodrigo Duterte, who is on 上海419

a five-day visit to China that started on Wednesday, at the Diaoyutai State Guesthouse in Beijing.

Xi described the code of conduct as a creative way to set rules for the resolution

 上海419of the South China Sea issue. He called on the two countries to make joint efforts to put aside differences and exc

lude external disturbances in order to focus on cooperation and development to safeguard regional peace and stability.

He underlined the need for both countries to take bigger s

teps in the joint exploration of the oil and gas resources in the South China Sea. 上海419品茶微信

The two countries announced on Thursday the establishment of an

intergovernmental joint steering committee and an inter-enterprise work team 上海419

on the joint exploration for oil and gas in the South China Sea to strive for substantial progress at an early date.

 上海419They also concluded six agreements, which involve areas such as cust

oms, higher education, science and technology and economic and social development.

On the bilateral relationship, Xi told Duterte he stands ready to work

with him to guide the sound development of Sino-Philippine relations to bring benefits to the 上海419品茶微信

two nations and two peoples, and also to add positive energy to regional peace and stability.

He called on the two countries to strengthen synergy between the China-proposed Belt and Road Initiative and the Philip

 上海419pines’ “Build, Build, Build” program and to do a good job impementing cooperation projects in ar

eas of infrastructure construction, industrial parks, telecommunications and energy. 上海419品茶微信

Duterte said he supports the peaceful resolution of the South

China Sea issue through cooperation instead of confrontation.

weilutu.cn


will attend a grand gather上海千花坊Chinese President Xi

nnovative compan上海千花坊ies and attached much importance to IP protection,” Li said.

上海千花坊BeiGene, a Chinese biotechnology company, is building its state-of-the-art manufacturing site in SSGKC.

The company was founded by Wang Xiaodong and John Oyler in 2010. Wang has served as a membe上海千花坊女神会所

r of the National Academy of Sciences in the US and a foreign associate of the Chinese Academy of Sciences.

“Hopeful ly, some innovative medicines will be soon produced in the new plant in SS上海千花坊

GKC and be distributed to the world in the future,” said a senior executive of BeiGene.

上海千花坊女神会所”We believe our location in SSGKC could help us achieve greater influence because it could radiate to the surrounding mar

kets such as China’s Hong Kong and Macao as well as Southeast Asian countries,” the executive said.

Herman Lee, vice-president for market and business development at Guangzhou CanSemi Technology Inc, said the upg

rade of SSGKC is very encouraging for his company, and could help it further enrich its talent pool.上海千花坊女神会所

The company will invest a total of 7 billion yuan in facilities in SSG

KC that will produce 12-inch wafers, of which the first phase is expected to be put into use in上海千花坊女神会所

the fourth quarter of 2019 with a monthly production capacity of 20,000 wafers.

“As we know, SSGKC will enjoy the same treatment as the free trade zone in terms of market access, investment promotions and t

上海千花坊女神会所alent attraction after its upgrade. Meanwhile, many administrative services could be fulfilled inside the district, w

hich could further improve efficiency, meaning more money for the companies involved,” Lee said.

www.nunuzipper.com


report, Morgan Stanle 上海龙凤 it expects consump

ption in China’s lower-tier cities to triple to $6.9 trillion by 2030. Th

e investment bank also found that consumers in smaller cities 上海龙凤女神会所

are catching up with tier-one and tier-two markets in valuing quality over price.

 上海龙凤”In this context, even as social network seems to be the missing piece of the puzzle for Ali

baba, the vast consumer market is not necessarily a zero-sum game,” Cao said, a

dding that various players can expand the pie together using respective growth strategies.

Traditional 上海龙凤 Chinese culture is highlighted in the new textbooks on Chinese, hist

ory and ideology and politics for senior high school students in the coming semester.

 上海龙凤女神会所”The new Chinese textbooks boast a selection of 67 classic works of ancient poetry

and prose that account for 49.3 percent of all articles,” said Wen Rumei, editor-in-chief of the new Chinese te

xtbooks, at a press conference held by the Ministry of Education (MOE) on Tuesday. 上海龙凤

Besides content on politics, the economy, society and the rule of law, the ideology and

politics textbooks also attach importance to traditional Chinese culture. 上海龙凤

“The textbooks offer a systematic exposition on traditional Chinese culture, ranging f

rom its origin, features and contemporary values to representative personages and i 上海龙凤

mportant ideologies,” said Zhang Yibin, editor-in-chief of the ideology and politics textbooks.

 上海龙凤女神会所The history textbooks will help students grasp the laws of history, pursu

e core socialist values and learn fine traditional Chinese culture, said Zhang Haipeng, edit

or-in-chief of the history textbooks.The quintessence of traditional Chinese culture can be found in the history 上海龙凤

textbooks, including more than 100 great names in history, more than 80 classic works c

overing philosophy, technology, literature and law, over 50 major inventions as wel 上海龙凤女神会所

l as over 40 works of calligraphy art, painting, music, dance and sculpture, Zhang said.

www.hmijw.cn


While restaurants an 上海千花网ge Chinese cities ha

s have a long history of doing business at night, other sectors, including tourism and culture, still have plenty of room to gro

w if they are to equal the standards set by international cities such as London or Amsterdam, Vernotti said. 上海千花网

Jiang Hao, partner at global consultancy Roland Berger, said China’s nighttime economy has great potential. As the country ha

 上海千花网s risen to become the second-largest economy in the world, people’s consumption capacity and willingness to buy are c

onstantly increasing. In the fast pace of city life, many people go shopping only after working during the day.

“The night economy gives people more time to buy and increases their choice, which will bri

ng more business opportunities and become a new growth driver for China’s economy,” he said. 上海千花网女神会所

According to market consultancy iiMedia Research, 60 percent of consumption in China occurs at nigh

t. In the past three years, the country’s nighttime consumption has grown by 17 percent on average.

 上海千花网Authorities nationwide recently unveiled plans to “light up” cities after du

sk. In Beijing, a series of policies were rolled out last month to encourage after-dusk eco

nomic activities, including extending the operating hours of several subway lines every Friday, Saturday and Sunday, a 上海千花网女神会所

nd later closing hours at tourist spots, museums, sports grounds and art galleries.

Longer hoursThis month, Shanghai announced a list of cultural activities and tour rout 上海千花网

es, with 105 scenic spots, art galleries, museums and memorials across the city extending the

ir business hours, or presenting special late-night shows or night-tour programs.

 上海千花网女神会所Convenience store chain Bianlifeng, which was established in Decem

ber 2016, has already benefited from 24-hour operation at all its more than 800 outlets.

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Xu Xiaolei, chief bra 上海后花园for China Youth Tr

Travel Service, said that in the past, the tourism industry placed the emp

hasis on daytime activities and “undervalued” nighttime operations. But consumers are now d 上海后花园

emanding high-quality nighttime activities, with nearly half of the company’

 上海后花园女神会所s customers asking for such itineraries to be arranged, whether they are traveling in China or abroad.

“I think it is especially good that the Chinese authorities have rolled out measures t

o boost after-dusk activities, which is a response to people demanding higher-quality lives,” he said. 上海后花园

Xu added that Chinese cities are “too similar” in promoting nighttime act

ivities. Most of the time, night travel is still about tasting local food in “snack streets”.

 上海后花园”Every city should think about developing unique tourism resources that would enable it to stand o

ut from others,” he said. “Many people the world over would like to see a Broadway musical while visiting New

York, but performances in China are mostly high-priced and out of reach for most.”

 上海后花园女神会所The historic water town of Wuzhen has been transformed by Xu’s company from a shabby d

estination, with 30 to 40 percent of consumption now taking place at night, Xu said.

“We defined Wuzhen as a historic cultural town, so we d 上海后花园

dn’t use bright-colored lights at night. Most of the lights we use ar

e pale yellow, to create an atmosphere to make people feel warm and at home,” he said.

 上海后花园”女神会所But lighting up the town is not enough. We also need to off

er good content to tourists. In Wuzhen, tourists can sit on wooden boats at

night, listening to the sound of the oars hitting the water under the lights. They can also ex 上海后花园

perience a range of cultural activities, including the Wuzhen Theater Festival.”

Xu said most shops in Wuzhen close at about 11pm, so tourists sp

 上海后花园女神会所ending the night in town can have a good sleep, but there a

re bars, karaoke lounges and other entertainment venues that remain open until later.

riuy8.cn


What are your views 爱上海hinese mobile mark

What are some of the latest changes? What opportunity does it bring to your company?

 爱上海The China market is truly mobile-first-and it is thriving. According to a CNNIC (China Internet

Network Information Center) report, there are 829 million netizens in China, 98.6 percent of whom access t 爱上海

he internet using mobile devices. The support of emerging infrastructure-for example, the fast development of 4G and

5G in China, plus cheaper data packages and the greater accessibility of smartphones and apps for developing pop 爱上海

ulations-has meant an influx of heavy downloads and app activity that is predicted to continue.

 爱上海女神会所In addition, China is also a dominant leader in terms of both app downloads and in-app consumer spending. With its str

ong international presence, China’s potential as an app ma 爱上海rket has jumped exponentially in the

past year or two and is expected to hit 120 billion downloads and $62.4 billion in consumer spending by 2022.

Under the trend of more refined advertising, AppsFlyer can help advertisers determ 爱上海女神会所

ine which campaigns are successful, where and when-serving as a go-to resource for deciding how to select effici

ent distribution platforms for advertisers. We see a huge opportunity in the China market, reflect 爱上海

ed in the strong demand for data tracking and marketing attribution, and the strong willingness of Ch

inese companies to enter the global market. With the common goal of making Chinese comp 爱上海

anies successful, this will be a win-win cooperation for us and our Chinese customers.

Since more and more firms are targeting overseas markets, what major challenges do you think they are facing? 爱上海女神会所

It depends on the regions they are targeting and the medi

 爱上海a partners they are cooperating with. Different markets bring different opportuni

ties and challenges. Through our partnerships with 5,000 media sources and technology i 爱上海女神会所

ntegrations, we can help marketers and advertisers achieve their goals in practically ev

ery corner of the globe. In short, this is a platform that allows any company to go global.

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Trump’s retaliation aga上海夜生活me after Beijing on

 Friday said it would retaliate against Trump’s plans for the imposition of tariffs on $300 billion in Chinese goods on Se

pt 1 and Dec 15 by slapping levies on US imports valued at $75 billion on the same dates. In a statement, China’s Com上海夜生活

merce Ministry said the action was “forced by the US’s unilateralism and protectionism.”

In response, Trump tweeted: “Our country has lost stupidly, Trillions of Dollars with China ov

上海夜生活女神会所er many years. They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, &

they want to continue. I won’t let that happen! We don’t need China and, frankly, would be better off without them.”

Trump demanded that American companies “immediately st上海夜生活

art looking for an alternative to China, including bringing your companies HOME and mak

ing your products in the USA.” Trump has no authority to tell US companies how to operate.

上海夜生活Following Trump’s tweet post, David French, the senior vice-presid

ent of government relations of the National Retail Federation, tweeted: “It is un

realistic for American retailers to move out of the world’s second largest economy…”上海夜生活女神会所

“Our presence in China allows us to reach Chinese customers and develop overseas markets. This, i

n turn, allows us to grow and expand opportunities for American workers, businesses and consumers.”

上海夜生活The Dow Jones Industrial Average closed Friday at 25,628.90, down 623.34 points or 2.37 percent. N

asdaq closed at 7,751.77, down 239.62 points or 3 percent. The S&P 500 was also down, closing

at 2,847.11, down 75.84 points or 2.59 percent. The market closed down for the fourth week in a row.上海夜生活女神会所

The continuing trade dispute and fears about a worldwide economic slowdown have led c

entral banks in the US and around the world to ease monetary policy in recent months.

qianpadat.com


hina has a number of 上海419论坛ts toolbox to use ag

against the US government’s trade bullying moves, said Zhang J

ianping, a researcher at the Chinese Academy of International Trade and Economic Coope 上海419论坛女神会所

ration of the Ministry of Commerce. Zhang spoke at a recent seminar in Beijing.

 上海419论坛Jiang Yuechun, director of the World Economic and Development D

epartment of the China Institute of International Studies, said China “has cards in its han

ds” in both hardware and software areas, but it has been weighing their timing and necessity. 上海419论坛

Jia Xiudong, a research fellow at the China Institute of International Studies, said despi

te headwinds, China can achieve high-quality development, and the fundamentals of the country’s eco

nomy are strong. “In the future, the resilience of the economy will be further released,” he said. 上海419论坛女神会所

In response to the capricious US administration, China will maintain strategic strength, Jia said. The country will

 上海419论坛make enhanced efforts to boost scientific and technological innovation no matter how the situation changes, he said.

Huawei Technologies Co said Friday that it would consider using RISC-V, an open-source chip architecture, if the US gove

rnment continues restricting its access to the latest technologies from the UK firm ARM Holdings for a long time.

Xu Zhijun, rotating chairman of Huawei, said in an interview in Shenzhen, Guangdong 上海419论坛女神会所

province, that the company has already obtained the perpetual license to ARM’s V8 architecture technol

ogy, so the US government ban does not affect its current launch schedule of chips.

 上海419论坛”If ARM’s new technologies are not available in the future, we can a

lso use RISC-V, an architecture which is open to all companies. The challenge is not insurm

ountable,” Xu said.Huawei uses ARM’s architecture to design many of its chips for smartphones, servers and other applic

ations. But Washington banning Huawei from accessing any technologies originating in the US without special gove 上海419论坛女神会所

rnment approval has restricted its ability to use ARM’s technologies. Though ARM is based in

the UK, some of its crucial technologies are developed in the US and it has to comply with the US ban.

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STAR stocks then regist上海夜网d robust gains despi

ite the weak performance of the main board. The gain momentum

was broken in the third trading week, when prices of STAR stocks fell by 10.5 perce上海夜网女神会所

nt on average, according to financial information provide Wind Info.

上海夜网On Thursday, prices of STAR stocks fell by 1.9 percent on average.

“The overall performance of the STAR Market saw the full pricing-in of opinions from bulls and

bears, an uptrend with fluctuations, and a return to rationality,” the SSE said in the announcement.上海夜网女神会所

Relaxed price fluctuation limits have enabled the STAR Mark

上海夜网et stocks to be more timely priced, leading to higher pr

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

Securities regulators lifted price fluctuation limits for STAR stocks in their first five trading days, and thereafter a 20 p上海夜网

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

上海夜网女神会所Analysts expect trading on the STAR Market to become more rational in the medium term, with

valuation levels to better reflect company fundamentals. Firms with strong fundamentals may su

stain high valuations, while weaker ones may see a marked divergence in stock price performance.上海夜网

The market-oriented initial public offering mechanism of the STAR Market,

or the registration-based IPO system, also showed its effect, with the 28 STAR list上海夜网女神会所

ings’ price-to-earnings ratios of offer price varying from 18 to 269, according to SSE data.

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

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

www.gzbbaf.com