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.

izhankai.cn

Experts: Bilateral ties based on mutual benefits and comparative advantages

China and the United States need to establish a new balance of trade, finance and tech亚博体育怎么提现乌托邦品茶微信

nology cooperation, while avoiding a full-blown confrontation amid intensified tensions, experts said.

Their comments came as Washington threatened to impose an additional 10 percent tariff on $300亚博体育怎么提现乌托邦

billion worth of Chinese goods starting Sept 1, and labeled China “a currency manipulator”.

亚博体育怎么提现乌托邦品茶微信Huang Renwei, deputy director of Fudan Institute of Belt and Road & Global Governance, said China-US relations are unpre

cedentedly grim, because the ballast stone-their economic and trade ties-has been facing harsh confrontation.

“We should persist in building a new strategic balance between China and the US, a b亚博体育怎么提现乌托邦

alance in terms of trade, finance and technology,” Huang said during a seminar in Beijing.

Such a balance cannot be immediately established, but the goal won’t be c

亚博体育怎么提现乌托邦品茶微信hanged, Huang said. Only when those US hard-liners are greatly challenged, will they come to seek the new balance, he added.

Wang Wen, chief economist with China Export and Credit Insurance Corp, sa

id China-US economic and trade relations are based on comparative advantages and mu亚博体育怎么提现乌托邦

tual benefits, which bring huge benefits to companies and consumers of both countries.

亚博体育怎么提现乌托邦品茶微信The world’s two largest economies have been involved in addressing th

e trade tensions for the past year. Analysts said the US’ new tariff threat puts the

progress that both parties made in the past 12 rounds of high-level talks in vain.

www.changjiangjiaoxiang.cn

?not repeat its mistakes or even “play with fire” over the is

sues, Wang said, warning it against attempts to create new trouble for Sino-US ties.亚博体育怎么提现乌托邦品茶微信

Ma Xiaoguang, spokesman for the State Council Taiwan Affairs Office, sa

亚博体育怎么提现乌托邦id the transit is an attempt by Tsai and the Democratic Progressive Party to use fore

ign forces to challenge the one-China principle and disrupt cross-Straits peace and stability for political purposes.亚博体育怎么提现乌托邦品茶微信

No forces should underestimate China’s determination and ability to s

afeguard its national sovereignty and territorial integrity, Ma said in a news release.

亚博体育怎么提现乌托邦The Democratic Progressive Party has ignored the safety and wellbeing of

the people of Taiwan and has misjudged the situation by courting foreign support and s

erving as a pawn for foreign intervention in China’s domestic affairs, Ma said.亚博体育怎么提现乌托邦

China has sufficient policy tools and new measures to further optimize its fo

亚博体育怎么提现乌托邦品茶微信reign trade structure and deepen ties with new markets, especially those involved in the Be

lt and Road Initiative, in the second half of the year, a senior customs official said on Friday.

“We face a series of challenges in achieving stable foreign trade growth,” said Li K亚博体育怎么提现乌托邦

uiwen, spokesman for the General Administration of Customs, at a news briefing.

He made the comment after customs released the country’s trade dat亚博体育怎么提现乌托邦

a for the first half of the year. Foreign trade increased by 3.9 percent year-on-year, tot

亚博体育怎么提现乌托邦品茶微信aling 14.67 trillion yuan ($2.16 trillion), with exports growing by 6.1 percent year-on-year. Imports rose 1.4 pe

rcent, and the country’s trade surplus widened by 41.6 percent year-on-year to hit 1.23 trillion yuan during the same period.

Last year, foreign trade in the first half grew by 7.9 percent year-on-year, with exports rising 4.9 percent and imports up 11.5 percent.亚博体育怎么提现乌托邦

“The sector remains quite resilient” against the headwinds of Sino-US trade disputes and slowing global economic growth, he said.

Li also said that Sino-US trade frictions have had some impact on t亚博体育怎么提现乌托邦

品茶微信

he country’s foreign trade, but the impact is “largely controllable”. “Our foreign trade as a who

le continued to expand as the world remains optimistic about the potential of the Chinese market,” he said.

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ents in areas 亚博体育怎么提现乌托邦such as cultural exchanges, medical care and public health, service trade, third-party mark

亚博体育怎么提现乌托邦女神会所et cooperation and building sea and air communication mechanisms, some of which have already yielded results.

And when Abe visited China, 12 cooperation documents-two agreements and 10

memorandums of understanding-and 52 documents on the Belt and Road Initiative were signed between the two governments, and companies and or亚博体育怎么提现乌托邦

ganizations from either side. These documents and cooperation projects on infrastructure facilities, logistics, inf

ormation technology and finance have laid the basis for upgrading China-Japan relations in the new era.亚博体育怎么提现乌托邦

However, to develop Sino-Japanese relations in a way that meet the requ

irements of the new era, some principles and guidelines have to be followed.

亚博体育怎么提现乌托邦Politically, the two sides should abide by the principles enshrined in the four political doc

uments inked by the two governments, and ensure the two sides are cooperation partners, not a threat to ea

ch other. Exchanges and coordination at all levels, particularly those between the leaders, should be strengthened to de亚博体育怎么提现乌托邦女神会所

epen mutual trust and help Sino-Japanese ties to evolve on a friendly and cooperative track.

On the economic front, the two sides should deepen cooperat

ion in investment, third-party markets, technology and innovation so as to boost mu亚博体育怎么提现乌托邦女神会所

tual economic growth and promote regional economic integration, including accelerating the regional economic coop

eration negotiation process, encouraging enterprises to increase investments in each other’s country and bu亚博体育怎么提现乌托邦女神会所

ild a fair, nondiscriminatory and predictable business environment for companies from both sides.

The cultural bonds between the two countries need to be further strengthened. And the two sides should expedite t

heir efforts to promote youth exchanges and people-to-people engagement in order to deepen mutual un

derstanding. It is good to see that the two governments have decided to take the 2019 China-Japan Youth Exchange Pro

motion Year as an opportunity to initiate senior-level cultural exchanges to bring the two peoples closer.

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Kim and other com亚博体育怎么提现乌托邦女神会所rades from the DPRK to map out plans for bilateral coope

ration, writing a new chapter in the traditional friendship between the two countries.

Xi added that he and Kim are confident about and capable of bringing bil

ateral ties to a stage of new development in the new era to deliver more benefits to the peo

ple from both countries and promote peace, stability and prosperity in the region and the world.

Editor’s Note: President Xi Jinping will pay a two-day visit to the De

mocratic People’s Republic of Korea from Thursday. How should we evaluate the sign

ificance of the visit? Two experts share their views with China Daily’s Pan Yixuan. Excerpts follow:

DPRK not bargaining chip in talks with US

Some argue that China wants to play the “DPRK card” at President Xi’s e

xpected meeting with US President Donald Trump on the sidelines of the G20 su

mmit scheduled for June 28-29 in Japan. Their argument could not be more wrong.

www.lgcrm.cn

ect has been one 亚博体育怎么提现乌托邦品茶微信of the most highly anticipated bilateral initiatives in recent yea

rs. It could prove to be a gamechanger in deepening UK-China financial cooperation and ex

anding access to China’s capital markets, ” said Catherine Mcguinness, City of London Corporation Policy Chair.

Innovation is key to London maintaining its position as a leading int

ernational financial hub and linking one of the world’s largest capital markets with one of t

he world’s most international financial centers is good news for the UK, China and the wider global economy, she said.

“It means global investors can now benefit from China’s growth through London, while UK-li

sted companies are able to access Chinese investors directly,” she added.

The Shanghai-London Stock Connect has been developed jointly by th

e Shanghai Stock Exchange and London Stock Exchange Group, with the support of bot

h the Chinese and UK governments and in collaboration with regulatory authorities.

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hina carried out the country’s first seaborne space launch on Wednesday, from a platf

orm in its territorial waters in the Yellow Sea, opening a new chapter in its space industry.

A Long March 11 solid-propellant carrier rocket blasted off at 12:06 pm fr

om a mobile launch platform — a modified submersible craft — in the Yellow Sea off the e

astern province of Shandong and then sent seven satellites into orbit about 600 kilometers above the Earth.

The mission — the first seaborne space launch in the world in five years — showcased China’s mastery of

the technologies and capabilities required for

such operations and indicates the country has found an alternative to its ground-based launch centers.

China is striving to expand its launch service portfolio and promote its carrier roc

kets to more countries, especially those wishing to have their own affordable satellite networks.

shadoujiazu.com.cn

College students born between 1995 and 2000 are becoming a vital new part of the dynamic travel market in China, with most of th

e young students making their first summer trips after enrolling in colleges, a new study said.

Though the motivation for making tours is relatively high among college students, their choices are

limited due to economic constraints with price being the major criteria for booking flight tickets, said the stud

y conducted by Qunar, an online travel firm owned by Ctrip, China’s largest online travel agency.

During summer vacations, students tend to choose flights that depart b

tween midnight and 2 am, as well as between 5 am and 9 am. The number of bookings of red-e

ye and budget flights is nearly three times higher than other regular flights, the Qunar study said.

sjhtjn.cn

ted trash was collected over the region’s spring climbing season. In 2019, 8.21 metric tons of various d

omestic waste and 2.46 metric tons of sanitary sewage was collected after the mountaineering season,” said Tashi Gyatso.

According to Nyima Tsering, the head of the region’s sport bureau,

the Tibet Mountaineering Guide School has been playing an important role in mountain rescue.

“Founded in 1999, it is world’s second and China’s first such school, for training mountaineeri

ng talent,” said Tsering, vice-chairman of the China Mountaineering Association. “Teams from

the school have performed 29 high-altitude rescues in recent decades, and have set the rescue record above 8,500 meters.”

www.ecimy.cn

servatives to choose a new leader to campaign on a “no-deal” Brexit. But

this has little or no chance of being accepted by the British parliament, which means the B

rexit stalemate will continue until there is a general election or a second referendum. In any case, the normally pr

ofree trade voice of the UK will be reduced in the new European Parliament.

Beijing‘s first bikeway, which connects Huilongguan in Changping district and Shangdi in

Haidian district for cyclists, has finished the colored pavement and is about to open this week.

The bicycle-only road has a maximum speed of no more than 15 kilom

eters per hour and is forbidden to entry by pedestrians, electric bicycles and other vehi

cles, according to traffic rules on the bikeway released by the Beijing Municipal Commission of Transport.

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