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iorities for China’s foreign exchange reserve strategy, according to the SAFE annual report last year. “Pu

tting such a large bulk of reserves into different baskets, and building optimized asset port亚博体育怎么提现千花坊女神会所

folios, can hedge risks and secure the assets’ value and profit,” the report said.

To better control potential risks, SAFE has introduced “counter-cyclical” policies to prevent adverse situations arising. Acco

亚博体育怎么提现千花坊rding to the report, the major risks are listed as “credit”, “market”, “liquidity” and “operational”.

The past five years have been the hottest on record in Asia and the Pacific. Unprece

dented heatwaves have swept across our region, slowly leading to disasters such as drought.亚博体育怎么提现千花坊

Yet heat is only part of the picture. Tropical cyclones have struck new, unprepared

parts of our region and devastatingly frequent floods have ensued. In Iran, they affected 10 million p

亚博体育怎么提现千花坊女神会所eople this year and displaced 500,000, of which half were children. Bangladesh is experiencing its fourth wave of

flooding in 2019. Last year, the province of Kerala in India faced the worst floods in a century.

This is the new climate reality in Asia and the Pacific. The scale of forecast economic losses for the region is sobe亚博体育怎么提现千花坊

ring. Including the slow onset of disasters, average annual losses until 2030 are set to quadruple to about $675

billion, compared with previous estimates. This represents 2.4 percent of the region’s GDP.

Economic losses of such magnitude will undermine both economic growth and亚博体育怎么提现千花坊女神会所

our region’s efforts to reduce poverty and inequality, keeping children out of scho

ols and adults of work. Basic health services will be undermined, crops destroyed and food security jeopardized. If

we do not act now, the Asia-Pacific’s poorest communities will be among the worst affected.亚博体育怎么提现千花坊

Four areas of Asia and the Pacific are particularly vulnerable, hotspo

ts which combine vulnerability to climate change, poverty and disaster risk. In trans-c

亚博体育怎么提现千花坊女神会所ountry river basins in South and Southeast Asia such as the Ganges-Brahmaputra-Meghna river basin, floods

alternate with prolonged droughts. In Southeast Asia and East and Northeast Asia earthq

uakes, tsunamis and landslides threaten poor populations in the Pacific Ring of Fire.

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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亚博体育怎么提现乌托邦

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.

亚博体育怎么提现乌托邦品茶微信”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亚博体育怎么提现乌托邦

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亚博体育怎么提现乌托邦品茶微信

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

亚博体育怎么提现乌托邦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.亚博体育怎么提现乌托邦

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

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

亚博体育怎么提现乌托邦Exchange Reserves, or COFER, an International Monetary Fund database, in 2015.

According to COFER, which keeps quarterly data on the currency composition of official亚博体育怎么提现乌托邦品茶微信

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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and system, scale and structure, innovation and development of the country’s n

?亚博体育怎么提现419论坛品茶微信ational defense and strength of air operations after military reform and restructuring.

It will comprehensively demonstrate China’s achievements in buildin

g its national defense, highlight an “open and confident” military image and manifest co?亚博体育怎么提现419论坛

mbat capabilities, Cai said. It will focus on displaying the capabilities of joint operations

and training that have incorporated information technology and are systematic and cooperative, he said.

?亚博体育怎么提现419论坛Cai said the parade is not aimed at any country, region or situation but is meant to show China’s confidence and dete

rmination to safeguard national sovereignty and security and defend world peace and stability.

The military parade, followed by a mass pageant with themed floats, will be a grand c?亚博体育怎么提现419论坛

elebration on Oct 1 attended by Party and State leaders and members of the pub

lic, said Wang Xiaohui, executive deputy head of the Publicity Department of the CPC Central Committee.

?亚博体育怎么提现419论坛品茶微信That evening, they will also join a gathering featuring a gala and fireworks show.

A series of other activities dedicated to the 70th anniversary will also take place in the coming weeks.

At an event in Beijing’s Great Hall of People, Xi will present the Meda

ls of the Republic, Medals of Friendship and national titles of honor to outstanding peopl?亚博体育怎么提现419论坛

e who have made great contributions to the PRC’s establishment and development.

Other activities include presenting flower baskets at the Monument to the People’s Heroes on Sept 30 for Martyrs’ Day and an ex

?亚博体育怎么提现419论坛品茶微信hibition during September showcasing major achievements over the past 70 years.

The CPC Central Committee, the State Council and the Central Military Commission will als

o jointly issue medals in commemoration of the 70th anniversary as part of the celebration activities.

www.izhankai.cn

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

?亚博体育怎么提现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?亚博体育怎么提现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

?亚博体育怎么提现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.?亚博体育怎么提现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?亚博体育怎么提现419

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

?亚博体育怎么提现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?亚博体育怎么提现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

?亚博体育怎么提现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.?亚博体育怎么提现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

Given his strength and ability, I believe Lin could still play in the NBA or in Europe, but he wished to find a team that

亚博体育怎么提现品茶微信can make him the player he wants to become,” said Ducks chairman Qin Xiaowen.

“Lin chose Beijing Shougang, which shows his trust in our club. It’s also our great pleasure.

“He is a role for all Chinese players fighting to realize their NBA dreams. His life exp亚博体育怎么提现品茶微信女神会所

erience and great spirit will encourage all of us. His persistence matches the spirit of Beijing Shougang.

亚博体育怎么提现品茶微信”We believe his arrival will improve the team’s performance and brin

g more energy to the CBA.He will also bring excitement to the city of Beijing.”

Lin was a member of the Toronto Raptors team that won the NBA championsh亚博体育怎么提现品茶微信女神会所

ip last season but he was often benched during the postseason, playing a total of 51

seconds during Toronto’s six-game Finals victory over the Golden State Warriors.亚博体育怎么提现品茶微信

He became an unrestricted free agent on July 1 and struggled to find a team with which to try to re-create the “Linsanity” cr

aze he sparked during a torrid early-season scoring binge with the New York Knicks in 2012.

After recovering from a serious right knee injury prior to the 2017-18 season, Lin had just fo亚博体育怎么提现品茶微信

ur starts in 74 appearances for Atlanta and Toronto last season, averaging 9.6 points, 3.1 assists and 2.4 reb

亚博体育怎么提现品茶微信女神会所ounds in 19.4 minutes per game while shooting 44 percent from the field and 29.4 percent from 3-point terr

itory.eremy Lin shares a light moment with fans during a commercial activity in Beijing on Sunday. Lin is repo

rtedly set to sign a contract with the CBA’s Beijing Ducks. Photo provided to China Daily亚博体育怎么提现品茶微信

He broke down in tears during an emotional appearance in

Taiwan last month when he described feeling abandoned by the NBA.

亚博体育怎么提现品茶微信女神会所”Every year it gets harder,” Lin said at the time. “In English there’s a saying that once you hit rock bottom, the only way to

go is up-but rock bottom just seems to keep getting more and more rock bottom for me.”

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commerce giant pump primes Juhuasuan to cash in on abundant opportunities

Times are changing fast at e-commerce behemoth Alibaba Group Holding Ltd. While st亚博体育怎么提现夜生活女神会所

ore-openings from a range of global brands like Burberry to Ferragamo were

亚博体育怎么提现夜生活the norm earlier, they have since been replaced by deals, bargains and growth in lower-tier cities.

Against flattened economic growth and brutally aggressive competition, Alibaba is no

w giving unprecedented priority to Juhuasuan, its group-buying and flash-sale platfor亚博体育怎么提现夜生活女神会所

m, repositioning it as the top destination for consumers from smaller cities and townships.

亚博体育怎么提现夜生活The internet giant said recently that it will host a Super Bargain Day from Sept 1, halving prices for 1 million me

rchandise and giving out cash dividends, coupons and other perks. Unlike the

more reputable Nov 11 annual sales event, the 10-day event is targeted at good-quality budget items.亚博体育怎么提现夜生活女神会所

“We see massive growth in lower-tier cities this year via the Juhuasuan platform. This is the

亚博体育怎么提现夜生活engine fueling future growth and a bluesea market-meaning opportunities abound for each and e

very industry player to take a share,” said Liu Bo, general manager of Juhuasuan.

Media publications and industry analysts often categorize C亚博体育怎么提现夜生活女神会所

hinese cities into tiers, defining them based on population, gross domestic prod

亚博体育怎么提现夜生活uct and other criteria. Tier-one cities normally refer to super metropolises like Beijing and Shanghai.

Alibaba’s strategy to penetrate into lower-tier markets has reaped some early gains. In the

quarter ending June 30, over 70 percent of increased annual active consumers came from less dev亚博体育怎么提现夜生活女神会所

eloped markets. The company attributed the achievement to initiatives to cater to a b

roader user base, such as “using simpler interfaces for first-time or less-frequent users”.亚博体育怎么提现夜生活

Realizing the potential, Juhuasuan has announced a slew of plans to rev up services. On the

supply side, the platform aims to help manufacturers digitize their factories through consumer ana亚博体育怎么提现夜生活女神会所

lytics and the internet of things technology. Liu said he hopes such efforts will foster

brands, create 1 million sought-after items and nurture 10,000 digital plants.

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亚博体育怎么提现后花园ear, and its nighttime revenue now accounts for about 20 percent of the total, Zhang said.

She added that running a 24-hour business is not easy, an亚博体育怎么提现后花园女神会所

d many bookstores in China had tried and failed at this. But as the authorities have started to p

亚博体育怎么提现后花园romote nighttime business activities, this offers a good opportunity to develop such bookstores.

“Bookstores are the spiritual landmarks of cities and are indispensable to citizens. To make 2

4-hour bookstores universal requires the joint efforts of society, and will take time,” she said, adding that she h亚博体育怎么提现后花园女神会所

opes more cities in China will cater to people who want to read in bookstores at night.

In recent years, nighttime tourism has developed much faster than other se

亚博体育怎么提现后花园ctors, and many cities have launched nocturnal projects. For example, Xi’an, capi

tal of Shaanxi province, has launched more night fairs, cultural performances and entertainment outlets.

Xu Xiaolei, chief brand officer for China Youth Travel Service亚博体育怎么提现后花园, said that in the past, the tourism

industry placed the emphasis on daytime activities and “undervalued” nighttime operations. But con

亚博体育怎么提现后花园女神会所sumers are now demanding high-quality nighttime activities, with nearly half of the company’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 meas亚博体育怎么提现后花园

ures to boost after-dusk activities, which is a response to people demanding higher-quality lives,” he said.

Xu added that Chinese cities are “too similar” in promoting nighttime ac亚博体育怎么提现后花园女神会所

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

“Every city should think about developing unique tourism resources that would enabl亚博体育怎么提现后花园

e it to stand out from others,” he said. “Many people the world over would like to see a Broadway musical while vis

iting New York, but performances in China are mostly high-priced and out of reach for most.”亚博体育怎么提现后花园女神会所

The historic water town of Wuzhen has been transformed by Xu’s company from a shabby

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

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entanyl-related substances since it put the new list into use, such as o

?亚博体育怎么提现会所verseeing delivery firms to make sure parcels are sent using

real names and asking customs to ramp up probes of suspicious international deliveries, Geng said.?亚博体育怎么提现会所

“The data provided by the US Drug Enforcement Administration shows that after Chi

?亚博体育怎么提现会所品茶微信na announced the listing of all fentanyl-related substances as controlled narcotics, US Cu

stoms and Border Protection reported only four cases of trafficking of the substances from China in th

e second quarter,” Geng said. “This shows that the measures China has taken are indeed effective.”?亚博体育怎么提现会所

The number of people killed by fentanyl in the US, however, is still high, Geng said. “This speaks volumes ab

out the US opioid crisis arising from many factors, and that the root cause is not China.”

?亚博体育怎么提现会所品茶微信he six newly established free trade zones in China will further facilitate high-level openi

ng-up and boost high-quality development through deeper reforms, the Ministry of Commerce said Monday.

The FTZs in this latest batch are located in Shandong, Jiangs?亚博体育怎么提现会所

u, Guangxi Zhuang autonomous region, Hebei, Yunnan and Heilongjiang.

Till now, 18 FTZs have sprung up across the country. Wang Shouwen, vi

?亚博体育怎么提现会所品茶微信ce-minister of commerce, said the move shows the government’s resolve

to achieve high-level opening-up and support an opening world economy.

In order to better serve the overall strategy, the six FTZs will tap into their geographical advantages to deepen trade and eco?亚博体育怎么提现会所

nomic cooperation with neighboring countries and regions, Wang said at a news conference.

?亚博体育怎么提现会所For instance, the Guangxi FTZ aims to promote cross-borde

r trade, logistics and labor cooperation and to boost opening-up in the borde?亚博体育怎么提现会所品茶微信

r areas, Wang said. The Heilongjiang FTZ will step up collaboration with Russia by facilitating t

he movement of people across the border and encouraging companies to expand overseas, he said.

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Legal experts and senior officials called on Hong Kong society over the weekend to form a united front t

o safeguard the rule of law and to engage in dialogue that will steer the city out of its current turmoil.亚博体育怎么提现419论坛品茶微信

Hong Kong people need to reach a consensus about safeguarding the city and its rule of law, said Xu Ze, head of the Chi

亚博体育怎么提现419论坛nese Association of Hong Kong and Macao Studies, the nation’s leading think tank on Hong Kong affairs.

The association organized a seminar on Saturday in Shenzhen, Gu

angdong province, to revisit the 1992 speech by former Chinese leader Deng Xiaoping, the a亚博体育怎么提现419论坛品茶微信

rchitect of the “one country, two systems” principle, pointing the way forward. It

was attended by 40 experts and officials from Hong Kong, Macao and the Chinese mainland.

亚博体育怎么提现419论坛Calling the recent waves of violence an attack on the principle of “one country, two systems”, Xu said Hong Kong will risk bei

ng destroyed if violence continues to undermine the fundamental interests of the city and the nation.

In light of the challenge to the system, Maria Tam Wai-chu, deputy director of the Hong亚博体育怎么提现419论坛品茶微信

Kong SAR Basic Law Committee of the Standing Committee of the National People’s Congress, said it is th

e central government’s right and duty to take action to ensure Hong Kong’s stability.

亚博体育怎么提现419论坛Tam said the Hong Kong garrison of the People’s Liberation Army is a

n important factor in fully implementing the “one country, two systems” principle.亚博体育怎么提现419论坛品茶微信

She said if sufficient turmoil emerged in Hong Kong, th

e central government can and must step in to put things back on the right track.

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The typhoon also halted ferry services between Xiamen and Kinmen in Taiwan, and between

Pingtan and Taiwan’s Taichung. A total of 124 flights have been canceled at Xiamen airport.亚博体育怎么提现夜生活女神会所

South China’s Guangdong province launched a level-IV emergency response, the

亚博体育怎么提现夜生活lowest level, for strong winds. The provincial agriculture and rural affairs depart

ment issued a notice requesting fishing vessels in related waters to return to harbor for shelter.

The Guangdong Power Grid Corporation has deployed more than 300 power generatio亚博体育怎么提现夜生活

n vehicles and over 400 sets of satellite communication equipment for emergency repair.

China firmly opposes the United States’ new threat to impose additional tariffs on about $550 billion

亚博体育怎么提现夜生活worth of Chinese imports, a spokesperson of the Ministry of Commerce said on Saturday.

In a brief statement, the ministry said the US act is unilateral, trade protectionism, and using maximum pressure.

It violates the consensus reached between the top leaders of the two co亚博体育怎么提现夜生活女神会所

untries, severely undermines the multilateral trading system and normal internat

ional trade order, and Washington will eat the bitter fruits of its own action, the ministry said.

“Such unilateral and bullying acts of trade protectionism and extreme pressure ru亚博体育怎么提现夜生活

n counter to the consensus of the heads of state of China and the United States, and run

counter to the principles of mutual respect, equality and mutual benefit,” the spokesperson said.亚博体育怎么提现夜生活女神会所

The ministry urged Washington to immediately stop its wrongful deeds, otherwise it will “bear all the consequences.”

The ministry warned the US administration not to misj

亚博体育怎么提现夜生活udge the situation, nor to underestimate the determination of the Chinese people.

“China strongly urges the United States not to misjudge the situation, or underestimate the determination of the C

hinese people. It must immediately stop its erroneous practices, or bear all the consequences,” the spokesperson said.A g亚博体育怎么提现夜生活女神会所

irl does homework in an air-raid shelter at People’s Square in Chongqing, Southwest Chin

a, Aug 24, 2019. The air-raid shelters, once used to protect Chongqing residents from air attac

ks during wartime, have turned out to be an ideal place to escape from the scorching heat.

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