Besides, it should try to reform the exchange rate system

Besides, it should try to reform the exchange rate system

and enhance th上海夜网女神会所e yuan’s exchange rate flexibility, so as to promote its internationalization and minimize the impact of the US’ monetary policy adjustme

nts on the Chinese economy. China’s monetary policymakers should use flexible policy tools, pay attention to the cha

nging trend of such economic variables as price levels, exchange rates and long-term interest rates, and take me

asures to offset the spillover effects caused by US monetary policy adjustments.

Qualitative growth can tamp up economic base

China also has to build a modern industrial system and transform its econom

ic growth model to tamp up its economic foundation. It should create a policy environment that would prompt the fin

ancial sector to better serve the real economy and more effectively prevent economic and financial risks.

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The government needs to refine policies in supporting bus

siness startups and innovation-oriented companies, and exercise accommodating and prudent r

egulation. We need to promote the integrated development of companies of different sizes,” Li said.

The Internet Plus model will be upgraded. Efforts will be m

ade to accelerate the development of industrial internet and promote broader ap

plication of the Internet Plus model in medical care, elderly care, education and other social sectors.

A higher ratio of nonperforming loans to micro and small firms will be allowed. The NPL ratio

of such loans will be relaxed to no more than 3 percentage points higher than the overall NPL ratio fr

om the current 2 percentage points. Venture capital firms will receive support in financing through bond issuance.

www.ozsnl.cn


Photo exhibition sprinkles stardust over Beijing’s 798 A

In 1972, David Bowie gave birth to arguably his most famous alter-ego, Ziggy Stardust-an androgynous alien with spiky tangerine h

air, theatrical makeup and brightly-colored glam rock attire. An eponymous ode to the character appears on

Bowie’s album, The Rise and Fall of Ziggy Stardust and the Spiders From Mars, which was released that year.

With the album, Bowie redefined glam rock and spent 18 months in the

years 1972 and 1973 touring the United Kingdom, North America and Japan.

During the tour, Bowie invited a Cambridge University graduate, M

ick Rock, to be his personal photographer. They first met backstage in March 1972.

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Low travel costs may stimulate college students to trave

el more frequently, and enable them to have higher budgets for spending on accommodati

on and destination entertainments,” said Sun Peiming, director of e-commerce at Sichuan Airlines.

Last year, along with graduate students, there were 37 million enrolled college students in the country,

according to the National Bureau of Statistics. In 2018, students registered on Qunar flew 4.4 time

s annually on average, higher than the average of 3.45 times nationwide, according to the company.

“Low prices have a decisive impact on their choices. Compani

es that provide cheaper options will attract more students and gain the initiative in seizing tho

se future backbone consumers,” said Liu Simin, a researcher at the Beijing Foreign Studies University.

www.zrwrgz.cn


For first time, scientists watch entire animal’s muscle sy

Researchers at Columbia University and the University of Chicago-affiliated Marine Biological Laboratory (MBL) have

mapped the full-body muscular activity of an animal while it was moving and behaving, for the first time in the world.

In the study, the researchers watched the patterns of muscle activity in a small aquatic animal called a hydraas. Based on prior su

ccess in mapping full-body neural activity in hydra, they pinpointed seven distinct patterns of hydra’s muscle act

ivity this time, according to a news release posted on the website of the University of Chicago on Thursday.

Hydra are freshwater organisms, only a few millimeters in length, and be

long to the phylum Cnidaria, which also includes jellyfish and coral. Their tubular bodies are c

omprised of two layers of muscle, each composed of a different cell type and separated by two nerve nets

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Habib also applauded China’s interest in Washington’s agric

ricultural products such as apples and cherries, and specifically mentioned

tourists and students from China.

With the current trade disputes between China and the US, however, Habib is seeing some frustration in his state.

“I’m of course frustrated at the effects of some of the Chinese-im

posed tariffs on our exporters – that’s a huge problem first for our growers, and companies in our

aerospace supply chain, and definitely our fish and seafood – they’ve been affected by Chinese tariffs,” said Habib.

With the Trump administration gradually imposi

ng 25 percent tariffs on $250 billion worth of Chinese imports over the past year, China has already retaliated with

tariffs on $110 billion worth of US products, and has planned a tariff hike on $60 billion worth of US goods on June

hmijw.cn


an India in terms of economic might-the past two years

s have seen Modi front-loading India’s unique religious, cultural and civilizational links with neighboring countries.

This pragmatic approach has not just made the Sino-Indian summits most frequent but hopefully also more produ

ctive. Modi has not had as many one-on-one meetings with any other global leader. And since this trend is like

ly to continue, it could see them jointly responding to the White House’s blitzkrieg against friends and foes alike.

The fact that Russia still faces serious economic challenges and the US has slipped into confrontations with some coun

tries will provide further traction for Modi and Xi to play larger roles in setting the tone and tenor of multilateral debate

s and initiatives. Their synergy in tackling regional and global issues will continue to have positive effects on bila

teral equations, which remain an essential prerequisite for the two countries’ peaceful rise.

avnfi.cn


Huawei’s workers tell their stories of resilience, solidarity

A public letter titled “We, the Huawei people” from telecom giant Huawei detailing its employee

s’ personal stories of solidarity and resilience amid restrictions from the United States, went viral on Chinese social media on Friday.

The letter was published by Xinsheng Shequ, Huawei’s official employee community platform, on i

ts Sina Weibo account on Thursday. As of Friday afternoon, the letter has received more than 190 million reads.

Chinese netizens have flooded the comment sections of Huawei’s social media platf

orms as well as news outlets that have reported on the letter, many leaving the message: “Huawei, fight on.”

The letter is a collection of short stories submitted by anonymous

Huawei employees depicting how their lives have subtly changed after the US last week put H

uawei and its affiliates on an “Entity List”, which restricts the sale or transfer of US technologies to the company.

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Qingdao debuts high-speed maglev train prototype

hina rolled off the production line a prototype magnetic-levitation train with a designed maxim

um speed of 600 kilometers per hour in Qingdao on Thursday, filling the gap in travel speed bet

ween aviation and high-speed rail passenger transport in the country, according to its manufacturer.

Launched in July 2016, the train is designed and manufactured in CRRC Qingdao Sifan

g Co Ltd in the eastern coastal city of Qingdao, Shandong province. The company is a wholly owned su

bsidiary of Beijing-headquartered China Railway Rolling Stock Corp, the largest rolling stock manufacturer in the world.

The debut of the country’s first high-speed maglev train testing protot

ype marks a major breakthrough for the nation in the high-speed maglev transit system.

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China has to walk a fine balance between local govern

nment debt management and stable economic growth, especially at a time when trade te

nsions with the United States have imposed more downward pressure, said economists.

More financial resources and investors will be involved in the debt resolution process, said Qiao Baoyun, head of the Acad

emy of Public Finance and Public Policy at the Central University of Finance and Economics.

The last round of local government debt swaps started in 2015 and ended in August 2018, w

hich saw 14.34 trillion yuan ($2.08 trillion) of local government debt being swapped into bonds.

Local governments are set to face more debt burden in the next three ye

ars, as many of the previously issued bonds are set to expire, income from land sales has

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