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Renminbi to remain stable, regulator saysknotes at a ba

Central bank vice-governor voices confidence amid currency volatility

The monetary authority vowed to stabilize the renminbi amid escala

ted trade tensions, while continuing to push forward financial opening-up and pr

otecting overseas investors’ legal rights, said a senior official from the central bank on Sunday.

“We have the foundation, confidence and capacity to maintain a stable foreign exchange ma

rket in China, and keep the renminbi exchange rate at a reasonably stable equilibrium,” said Pan Gongsheng, vi

ce-governor of the People’s Bank of China, the central bank, said in a statement on its website.

Before his pledge, the onshore renminbi rate depreciated to 6.9182 per do

llar at Friday’s close, the weakest level since December, and the offshore renminbi rate h

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ed it from repaying investors’ principal and interest. La

September, 53 people in the company were transferred for examination and prosecution.u’an, a county in

China’s Hebei province, 50 kilometers away from Beijing’s Tiananmen Square, is looking to build an innovation-driven coun

Emerging fields including online lending, investment, pension services, consumer reb

ates, financial mutual aid and virtual currencies have become “disaster areas” for economic crimes, said Gao.

Since the collapse of P2P online lending platforms beginning last Jun

e, public security authorities have investigated and handled more than 400 illegal fun

draising platforms and arrested more than 60 fugitives from 16 countries and regions.

“To grab excessive profits, the criminals keep changing and upgrading their criminal

methods, which are usually strongly deceptive,” he said. “Investors should be very cautious.”

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“Learning to work together in an orderly, high trust

level, and supported by diverse interest groups will prevent conflicts among stakeholders in the South China Sea,” Santarita said.

Scientists from China and other countries involved in the Belt and Road Initiative will work together to enhance scientifi

c and technological cooperation in disaster prevention and mitigation, according to a joint declaration.

He said Asia’s emphasis on “respect for authority, respect for the environment and the discipli

ne to control the use of resources” will also see Asian leaders pursuing a more eco-friendly dev

elopment path and honor their commitments to the Paris climate agreement.

“If there is harmony, discipline, stability and the primacy of family and com

munity over the individual, then any problem can be easily addressed,” Santarita said.

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Often these pictures do not represent how these indivi

duals look in real life without the posing, the filters, the photoshopping and the professional hair and make-up,” Martz said.

Pan, the Renmin University researcher, also believes that pi

ctures shared frequently on social media impose peer pressure on women.

“If people around you look thin on WeChat Moments, you are inevi

tably anxious to fit the general profile of having the ‘right look’,” she said.

Articles have also gone viral in summer on WeChat Moments, with sensational headlines such as “Good-looking girls never

weigh more than 50 kilograms” or “If you don’t lose weight in May, you will cry out loud in June”.

Shen Zijiao, a psychological consultant at Beijing Normal University, said: “Women don’t know what kind of beauty is best for th

em; they just thumb through their phone screens and get the notions of ‘being slender’ consciously or uncons

ciously. They always worry if their bodies are inconsistent with the so-called perfect body shape.”

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a simple inspection at ports of entry. The administration

was disestablished in the latest government reshuffle and quara

ntine management functions were merged into the General Administration of Customs.

With a rising number of inbound foreign travelers and Chinese students returning home wit

h pets in tow, the administration issued the new rule in January to facilitate entry.

Shanghai Customs inspected 25 cats and 15 other pets at its ports of entry between May 1 and May 5. Twenty-seven of them were all

owed in after on-site inspections. Eleven were put under quarantine, and two were sent back to their original co

untry or region due to the lack of quarantine reports and rabies antibody test results.

Last year alone, 1,577 pets-822 dogs and 755 cats-entered Shanghai from overseas, customs data show.

Shanghai Customs has been publicizing information on the new regulations throu

gh various channels to passengers, including cooperating with more than 60 air carriers, it said.

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Boosting rural areas will help solve dilemmas of ove

rcrowding and rampant construction plaguing cities, and the development of cities will also offer unique ways to bring about rural revitalization,” Chen said.

“As restrictions on hukou will gradually be removed, cities need to be well-prepared to offer

accommodation and employment opportunities, and allow children of migrant workers to have equal access to education,” Chen added.

China has made steady progress in urbanization, as the ranks of permanent urban r

esidents stood at 831 million at the end of 2018, up 17.9 million from the previous year, said the National Bureau of Statistics.

Last month, the National Development and Reform Commission said it

plans to increase the urbanization rate by at least 1 percentage point by the end of this year.

Shen Chi, vice-director of the China Center for Urban Development, said the government’s new

plan will help foster high-quality and sustainable economic development across the nation.

“Relaxing the hukou policy will be a key step in promoting the free flow of labor across

the nation,” Shen said. “A systematic consideration and arrangement of the integratio

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China and the US have been expediting their econo

ic and trade consultations, with a goal of implementing the consensuses President Xi Jinping and US President Donald Trump r

eached in December, said Xue Rongjiu, deputy director of the China Society for WTO Studies in Beijing.

China has made various moves recently to expand the new round of reform and opening-up — such as the approval of the Foreign Investm

ent Law in March and further facilitating trade connectivity under the Belt and Road Initiative. It will cont

inue opening its market in a proactive, steady and orderly manner, in accordance with its own development ne

eds and its own pace and timetable, to benefit Chinese and global consumers across the world, said Tu Xinquan, a pro

fessor of international trade at the University of International Business and Economics in Beijing.

James Collins, CEO of Corteva Agriscience, the agricultural division of US-bas

ed DowDuPont, said he hopes the two countries will reach a positive resolution, to benefit both countries and the re

st of the world. Collins said his firm was “not so much affected” in the short term by China-US trade tensions.

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Even if they express harsh or partial criticism, we shoul

ld correct our mistakes when we have made any and guard against them when we have not.

The Party should address young people’s concerns in employment,

starting business, integrating into the society, love, marriage and making friends, carin

g for the elderly and raising children, so as to create favorable conditions for their development.

We should educate and guide young people to view the world pr

operly, to understand the national conditions comprehensively, and to grasp the trend of the era.

Communist Youth League asked to mobilize youth for Chinese Dream

The Communist Youth League of China (CYLC) shall unite and lead Chi

nese youth of the new era to strive for the Chinese Dream of national rejuvenation.

The CYLC should serve their duties of guiding and uniting the youth, mobilizing them, connecting them and providing services.

Youth urged to have concerns for humanityThe Chinese youth should work for the building of a community with a shared future for humanity.

iojhx.cn

A leak that may have come from the Australian Secu

ty Intelligence Organization suggested that Chinese-Australians contesting local government elections represented securit

y threats because they might have belonged to an organization called the “Australian Council for the Promotion of Peace

ful Reunification of China”. Actually, none of the candidates mentioned has ever been associated with ag

itation or lobbying on issues of concern to Beijing such as the South China Sea, Taiwan or Tibet.

Worst example of anti-China prejudice

One of the worst examples of anti-China prejudices comes from a bo

ok written by a professor of public ethics, Clive Hamilton-Silent Invasion published in earl

y 2018. On pages 280-281 Hamilton writes that up to 40 percent of the Chinese in Australia are disloyal. Speci

fically, he says they are ready “to take to the streets to express their loyalty to Beijing-in other words, to Australia’s enemy”.

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More than 500 cases have been handled through the

WTO dispute settlement system. Although the rulings are not bindi

ng, most WTO members take them seriously and view the process as a normal part of their

participation in the multilateral trading system, regardless of whether they win or lose any particular case. In do

ing so, they show their respect for the WTO’s principles of consultation and consensus.

China had filed 17 cases with the WTO as of Ap

ril 2018, of which eight had been closed. At the same time, 27 cases had been filed a

gainst China with 23 closed. The United States has had more cases filed against it than any other member state

in the WTO, and it lost quite a number of these cases. In 2016, for example, the WTO ruled against the Unite

d States with regard to a complaint from China in 2013 that it had violated WTO rules by imposing anti-dumping duties

on a number of industries, including machinery, electronics, light industry, metals, and mining.

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