Supported by the la狗亚APP入口乌托邦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狗亚APP入口乌托邦

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.

狗亚APP入口乌托邦品茶微信”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狗亚APP入口乌托邦

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狗亚APP入口乌托邦品茶微信

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

狗亚APP入口乌托邦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.狗亚APP入口乌托邦

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

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

狗亚APP入口乌托邦Exchange Reserves, or COFER, an International Monetary Fund database, in 2015.

According to COFER, which keeps quarterly data on the currency composition of official狗亚APP入口乌托邦品茶微信

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

Jason Yu, general ma狗亚APP入口乌托邦arket consultancy Ka

ntar Worldpanel China, said the quality and good prices of Costco’s food products are a major

attraction to Chinese consumers, as the demand for such products has grown. The retailer could bol狗亚APP入口乌托邦品茶微信

ster its fresh food offerings to increase their customer retention rate here, Yu said.

狗亚APP入口乌托邦”As Chinese consumers put more stress on healthy products and higher living standar

ds, the retail industry’s growth has remained robust in China and the momentum will continue,” he said.

Wang Caidi, 57-year-old retiree in Shanghai, left the store with avocados, cheese, m狗亚APP入口乌托邦品茶微信

ilk and a pizza. She said quality foods enticed her to travel the 40 kilometers to the store.

“The products are of good value. I may come here one month later when it is less crowded,” she said.

狗亚APP入口乌托邦Membership at Costco Shanghai has been available since July 1, with an annual membership

card priced at 299 yuan ($42). The company put its Chinese membership at over 120,000.

The store, with a shopping area of 14,000 square met狗亚APP入口乌托邦

ers, is located in suburban Minhang district, nearly 30 km from the city’s center.

Richard Zhang, Costco’s senior vice-president for Asia, said on A

狗亚APP入口乌托邦品茶微信ug 20 that the location was influenced by the presence of seven international schools i

n the area, indicating a large group of middle class consumers who are Costco’s targets.

He also said that the market has matured sufficiently for Chinese consumers to be “ready to pa狗亚APP入口乌托邦

y for a membership card”. Little effort was spent on educating the market about membership.

Costco is the world’s largest membership-only re

狗亚APP入口乌托邦品茶微信tailer. Walmart, the world’s largest retailer, has opened 26 membership-based Sam’s Club stores in Ch

ina. The latest opened in June in northern Shanghai, only 10 km from the Costco outlet.

www.qe78w.cn

Phuntsok Yangdron 狗亚APP入口乌托邦an old photograph of her

?mother from 7 years ago at a local hospital in Naidong county, Shannan, Tibet autonomous regio

?狗亚APP入口乌托邦品茶微信n, on July 13, 2019. In 2012, she underwent heart surgery at Wuhan Asia Heart Hospital, which was a complete succ

Five-year-old Le Le and 18-month-old Meng Meng from the impoverished Jingyuan co?狗亚APP入口乌托邦

unty, Guyuan, Northwest China’s Ningxia Hui autonomous region, also benefitted from the hospital’s program.

In April of this year, the younger sister Meng Meng was diagnosed?狗亚APP入口乌托邦

with congenital heart disease in a medical examination organized by the hospital, afte

?狗亚APP入口乌托邦品茶微信r her elder sister Le Le received a similar diagnosis in a kindergarten physical check-up not long ago.

A congenital heart surgery usually costs around 25,000 ($3,638) to 40,000 yuan ($5,821), which placed a?狗亚APP入口乌托邦

tremendous amount of pressure on the family with six daughters, one working parent and over 60,000 yuan of debt.

?狗亚APP入口乌托邦品茶微信After learning about the family’s financial difficulties, the expert team helped th

e girls apply for a special fund, which covers more than 80,000 yuan of the total medical expenses.

In mid May, the two sisters went to Wuhan with more than a dozen chi?狗亚APP入口乌托邦品茶微信

ldren with congenital heart diseases in Ningxia Hui autonomous region. Tao and Wang Xia

o, deputy head of cardiothoracic surgery department, performed the surgery on the girls with success.

?狗亚APP入口乌托邦Tao said “it is not difficult to do good deed. What’s challenging is to kee

p doing them and encourage people around you to participate in these activities.” He hopes?狗亚APP入口乌托邦品茶微信

that Wuhan Asia Heart Hospital’s efforts will help cure more patients and make their dreams come true.

?狗亚APP入口乌托邦Medical programs organized by Wuhan Asia Heart Hospital have provided heart operations for 40,000 children and teenag

ers from a number of regions including Guizhou province, Ningxia Hui autonomous region and Tibet

autonomous region since its establishment. A total of over 9,600 junior conge?狗亚APP入口乌托邦品茶微信

nital heart disease patients who come from impoverished families have benefitted from free heart surgeries.

By the end of 2019, the hospital aims to see its 10,000th patient, whose life will be greatly improved by the heart surgery.

hzqianpad.com

Executive, Carrie Lam, t狗亚APP入口乌托邦e Secretaries of D

They defaced the national emblem mounted at the entrance of the office and painted offensive graffiti on the office’s exterior.

狗亚APP入口乌托邦Lam said the vandalism is in blatant defiance of the nation’s sovereignty and an open chal

lenge to the “one country, two systems” principle. It has caused great harm to the SAR, which is governed u狗亚APP入口乌托邦

nder the principle, and it hurt the sentiments of people in Hong Kong and on the Chinese mainland.

Lam also strongly denounced the “astonishing and outrageous” attacks

狗亚APP入口乌托邦in Yuen Long in the New Territories. Late on Sunday night, attackers in white shir

ts, some wearing masks, assaulted bystanders and commuters at the Yuen Long subway station with bamboo sticks an

d metal poles. They said they were targeting radical protesters who have disrupted local order.狗亚APP入口乌托邦品茶微信

The attackers completely disregarded law and order as they indiscriminately assaulted innocent people, she said, addin

g that what they did was appalling and totally unacceptable. She requested that the police chief conduct an extensive a

狗亚APP入口乌托邦nd in-depth investigation into the incidents and punish those who violated the law.

The SAR government has zero tolerance for any kind of violence at any time, anywhere and toward anyone.

Commissioner of Police Lo Wai-chung pledged that the police investigation will begin imm狗亚APP入口乌托邦品茶微信

ediately, and the force will pursue offenders at all costs in order to bring them to justice.

He also dismissed allegations that the police force acted leniently when facing the violent狗亚APP入口乌托邦

attackers at the Yuen Long subway station. The police force is against any kind of violence, Lo stressed.

Wang Zhimin, director of the Liaison Office, made the “stron

狗亚APP入口乌托邦品茶微信
gest condemnation” of the vandalizing of the office on Sunday night.

Saying that Hong Kong has seen a series of radical protests that exceeded the bo

undaries of peaceful demonstration, Wang said these acts have challenged the city’s rul

e of law and seriously undermined the fundamental interests of Hong Kong residents.狗亚APP入口乌托邦品茶微信

He said he believed the Hong Kong government and its law-enfo

rcement bodies will punish those responsible according to the law.

qianpadcl.com

he silent majority hav狗亚APP入口乌托邦at this persistent viol

olence is not really targeting the extradition la

w amendment bill, long pronounced dead and therefore no longer an issue.

狗亚APP入口乌托邦A federal judge on Thursday sentenced Brendt Christensen, a former University of Illinois doct

oral student, to life in prison without the possibility of parole for the kidnapping and killing of Chinese scholar

Zhang Yingying after a jury said it was unable to reach a unanimous decision on the death penalty.狗亚APP入口乌托邦品茶微信

“The jury has spoken, and the trial is over, but Yingying is not

狗亚APP入口乌托邦home,” said Zhang’s father, Zhang Ronggao at a brief news conference following the sentence.

“We ask the defendant to unconditionally tell us what he knows about Yingying’s location,” the father said. “If you have any狗亚APP入口乌托邦

humanity left in your soul, please help end our torment. Please let us bring Yingying home.”

狗亚APP入口乌托邦品茶微信He said that although the family does “not agree with that result (referring to the jury

‘s decision), we accept that he will spend the rest of his life in prison, which still reflects our loss in a meaningful way”.

“We hope that every day he spends in prison h

狗亚APP入口乌托邦e feels the pain and suffering that we feel for the loss of Yingying,” Zhang said.

US District Court Judge James Shadid addressed Christensen, who d

狗亚APP入口乌托邦品茶微信eclined to make a statement directly to the court after the judge announced the sentence.

The radicals are actually trying to advance their own political agenda by exploiting the controversy surrounding the bill.

Unfortunately some inherently idealistic and impulsive young people, who harbor discon狗亚APP入口乌托邦

tent about social inequality, have been manipulated by these political radicals to unleash violence.

狗亚APP入口乌托邦品茶微信The political radicals are using these young people and taking advantage of their impulsiveness and recklessness.

At a time when the future of their city is threatened by lawlessness, the s

ilent majority of Hong Kong has every reason to come out and defend their home.

lanqiaowangluo.cn

China launches first ro狗亚APP入口乌托邦ace from platform a

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.狗亚APP入口乌托邦女神会所

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

狗亚APP入口乌托邦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狗亚APP入口乌托邦

the technologies and capabilities required for

狗亚APP入口乌托邦女神会所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.狗亚APP入口乌托邦

A government draft released Friday said that children under six years old can take public transpor

t for free and those aged between six and 14 can avail of half-price tickets when presenting valid ID cards.

狗亚APP入口乌托邦The draft was jointly released by the Ministry of Transport and Na女神会所

tional Development and Reform Commission and is now open for public comments.

Height rather than age is the current determinant for deciding who can avail of cut-price or free tickets.狗亚APP入口乌托邦

Children whose height is below 120 centimeters can get fre

e tickets, while those between 120 and 150 centimeters can buy children’s tickets.

狗亚APP入口乌托邦女神会所Children taller than 150 centimeters are required to buy adult tickets under current policy.

As youngsters now tend to grows taller than their age, the current st

andards are believed to be unfair and there have been calls for overhauling the policy.狗亚APP入口乌托邦女神会所

The draft also highlighted that children who get free tickets should take up no more than 10 percent of buses’ passenger capacity.

The new policy will not be applicable to buses with nine seats or fewer

shadoujiazu.com.cn

Based on the published da狗亚APP入口乌托邦ministry, students

?from financially strapped families were subsidized for nearly 100 million times in 2018. Taking higher educa

tion as an example, subsidies were offered 43.88 million times last year, amounting to 115 billion yuan in total.狗亚APP入口乌托邦

Zhao Jianjun, deputy director of the finance department of the Ministry of Education, said that the State Council has approved prog

狗亚APP入口乌托邦品茶微信rams of scholarships in higher and secondary vocational education. The programs came into effect early this month.

The United States has launched a Section 301 investigation into the digital services tax of the狗亚APP入口乌托邦

Government of France, the Office of the US Trade Representative (USTR) announced on Wednesday.

China took the second spot in the world’s top 10 richest countries, with priv狗亚APP入口乌托邦品茶微信

ate wealth reaching $23.6 trillion in 2018, a 130 percent surge over the previous year, ac

cording to Global Wealth Migration Review 2019, published by the research company New World Wealth.狗亚APP入口乌托邦

The US remains the world’s wealthiest country, with private wealth valued at $60.7 trillion in 2018.

狗亚APP入口乌托邦品茶微信The report said the global private wealth jumped to $204 trillion in 2018, and the world’

s top 10 richest countries’ private wealth accounted for 74 percent of global private wealth.

Let’s take a look at the richest countries in the world.狗亚APP入口乌托邦

“The United States is very concerned that the digital services tax which is expected to pass the French Senate tomorrow un

fairly targets American companies,” USTR Robert Lighthizer said in a statement.

狗亚APP入口乌托邦品茶微信”The President has directed that we investigate the effects of this legislation and determine whether it is discr

iminatory or unreasonable and burdens or restricts United States commerce,” Lighthizer said.

According to the USTR’s Office, France’s proposed 3 percent tax woul狗亚APP入口乌托邦品茶微信

d hit global tech companies with total annual revenues from the covered digital se

rvices of at least 750 million euros (844 million US dollars) globally and 25 million euros in France.狗亚APP入口乌托邦品茶微信

“The structure of the proposed new tax as well as statements by officials suggest that France i

s unfairly targeting the tax at certain US-based technology companies,” the USTR’s Office claimed.

sh419af.com

general secretary of t狗亚APP入口乌托邦女神会所mmittee of the

mmunist Party 狗亚APP入口乌托邦女神会所of China (CPC) and Chinese president, and his wife Peng Liyuan, accompanied by Kim Jong-un, chairman of the Workers’ Party

of Korea (WPK) and chairman of the State Affairs Commission of the Democratic People’s Republic of Korea (DPRK) and his wife Ri Sol-ju, watch a lar

ge group callisthenics and art performance at the May Day Stadium in Pyongyang, DPRK, Jun

he two sides should enhance strategic communications and exchange views on major issues in a ti

mely manner to build a good environment for the development of bilateral ties, Xi said, and the two co

untries should expand practical cooperation to bring more benefits to the people of both sides.

In their talks, Xi also stressed the importance of deepening

mutual learning on the experience of governance, enhancing training of each other’s off

icials and boosting exchanges in such areas as education, health, sports, media, youth and local government.

On behalf of the Workers’ Party of Korea, the government and the peopl

of the DPRK, Kim expressed a warm welcome to Xi, saying that the general secretary’s visit, a

mid his tight schedule, is a great encouragement and shows political support for his party, government and people.

www.lhjcsp.cn

i said he wants to use t狗亚APP入口乌托邦女神会所 along with K

Kim and other com狗亚APP入口乌托邦女神会所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

But, in general, they have been weaker when compa

red with urban areas, Zhang said. “Problems such as loose organization and lack of ability to provide public ser

vices and governance exist in some rural areas, which urgently requires intensified efforts,” he said.

In recent years, some rural areas have improved governance throu

gh innovative measures based on the reality of their situation, Zhang said.

The ministry released 20 model cases on better governance in rural areas on Wednesday.

They cover aspects such as improving connections and interactions between vil

lage officials and residents, facilitating public participation in decision-making, and

finding solutions to eliminate social problems, such as extravagance and waste in hosting events.

wrplg.cn