reform, Yu said, adding that there has been no intervention in the forex market through sales of such reserves for a long ti

me, even though the renminbi may be under depreciation pressure amid global monetary easing.银河官网亚博投注网会所

According to SAFE, the major task for foreign exchange management this year is to enhan

银河官网亚博投注网会所ce midand long-term asset allocation and optimize and adjust investment strategies.

Xie Yaxuan, chief analyst at China Merchants Securities, said there is a global tren

d where countries with large holdings of reserves tend to focus on long-term and relatively stable inves银河官网亚博投注网会所

tments, such as infrastructure construction, to hedge against potential fluctuations in bond and equity markets.

“A shift toward using domestic currency is another trend,” he added.银河官网亚博投注网会所

Profitability is generally accepted by the world’s major central banks as the

prime objective for reserve management, in addition to safety and liquidity. The em

银河官网亚博投注网会所品茶微信phasis on the return objective has generally increased over time, according to experts.

SAFE said in its annual report that China had achieved a 10-year return rate of 3.68

percent on average on its foreign exchange reserve investments from 2005 to 2014.

Wang Chunying, a spokeswoman for SAFE, said the investment retu银河官网亚博投注网会所

rn rate was at a relatively good level compared with those of global peers.

“China’s forex reserve currency structure is diversified, even more diversifie

d than the global level on average,” Wang said. “It is in line with the requirements of China’s e银河官网亚博投注网会所品茶微信

conomic and trade development, as well as the demand for international payments.”

Prospective returns on China’s vast foreign exchange reserves are likely to remain

银河官网亚博投注网会所stable at more than 3 percent, and the regulator is optimizing investment strategies this year to incre

ase asset values and reduce the adverse impact of foreign exchange rate fluctuations, according to economists.

Zhao, from the China Financial Futures Exchange, said it is also a trend for global mone银河官网亚博投注网会所品茶微信

tary authorities, including the PBOC, to increase gold in their reserve portfolios to pr

epare for any shocks resulting from financial risks and foreign exchange rate fluctuations.

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?central government in June 2009. More than 10,000 researchers and engineers from hun

dreds of domestic institutes, enterprises and universities took part in the AG600 pr银河官网亚博投注网会所品茶微信

ogram. Construction of the first prototype began in March 2014 and was completed in July 2016.

银河官网亚博投注网会所The seaplane made its maiden flight in December 2017 in Zhuhai, Guangdong p

rovince, taking off and landing at an airport. Ten months later, it carried out its fi

rst takeoff and landing on water at Zhanghe Reservoir in Hubei province’s Jingmen.银河官网亚博投注网会所

With a length of 37 meters and a wingspan of 38.8 meters, the AG600 is roughly the size of a Boeing 737. Powered by four do

银河官网亚博投注网会所品茶微信mestically designed WJ-6 turboprop engines, it has a maximum takeoff weight of 53.5 metric tons. It is the

world’s biggest amphibious aircraft, surpassing Japan’s ShinMaywa US-2 and Russia’s Beriev Be-200.

The AG600 will mainly be tasked with aerial firefighting and maritime se银河官网亚博投注网会所

arch and rescue operations. It can also be refitted to conduct marine environm

ental inspections, marine resource surveys as well as personnel and supply transport, AVIC said.

The aircraft is designed for land and water takeoffs and landin银河官网亚博投注网会所品茶微信

gs and has an operational range of about 4,500 kilometers. It can carry 50 people.

When assigned to fight forest fires, it can collect 12 tons of water from a lake or sea in 20 sec

银河官网亚博投注网会所onds and use it to douse blazes over an area of about 4,000 square meters, the company added.

Wang Yanan, editor-in-chief of Aerospace Knowledge magazine, said the A

G600 may be of interest to countries with extensive coastlines or many islands becau银河官网亚博投注网会所品茶微信

se the seaplane is suitable for maritime operations as it is much faster and more flexible than ships.

Wang said the aircraft has much room for improvement including using more advanced compo

site materials or stronger engines that will further boost its range and carrying capacity.

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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银河官网亚博投注网乌托邦品茶微信

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

银河官网亚博投注网乌托邦”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银河官网亚博投注网乌托邦品茶微信

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.

银河官网亚博投注网乌托邦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银河官网亚博投注网乌托邦

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

银河官网亚博投注网乌托邦品茶微信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银河官网亚博投注网乌托邦

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

Costco is the world’s largest membership-only re

银河官网亚博投注网乌托邦品茶微信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.

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s promise made to a late friend of his 13 years earlier.

Jim Bacon, then premier of Tasmania, visited China in 2001 when Xi was governo银河官网亚博投注网419论坛

r of Fujian province, which had established a sister state relationship with Tasmania.

银河官网亚博投注网419论坛品茶微信Xi told Bacon’s family that Bacon invited him to visit Tasmania then and he agreed.

He praised Bacon as an old friend of the Chinese people for his contribution to relations

between China and Tasmania as well as Australia and invited his family to visit China in the future.银河官网亚博投注网419论坛

“People-to-people exchanges pave the road for handling international rel

银河官网亚博投注网419论坛ations,” Han Fangming, deputy director of the Foreign Affairs Committee of t

he Chinese People’s Political Consultative Conference’s National Committee, said in an article published in

Public Diplomacy Quarterly, which is sponsored by the Foreign Affairs Committee.银河官网亚博投注网419论坛品茶微信

He also proposed the establishment of an innovative, high-level people-to-people exchange m

银河官网亚博投注网419论坛echanism that also involves not only politicians, but also governmental departments, think tanks a

nd individuals in extensive cultural exchanges between China and other countries.

In a speech at the opening ceremony of the Conference on Dialogue of Asian Civilizations银河官网亚博投注网419论坛品茶微信

in May, Xi said people are the best bridge for exchanges and mutual learning among different cultures.

银河官网亚博投注网419论坛”Closer people-to-people exchanges and mutual learning, for that matter, are sure ways to eliminate es

trangement and misunderstanding and promote mutual understanding among nations,” he said.银河官网亚博投注网419论坛品茶微信

The conference was initiated by Xi to promote cross-civilization exch

anges and mutual learning across Asia and build an Asian community with a shared future.

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ption in China’s lower-tier cities to triple to $6.9 trillion by 2030. Th

e investment bank also found that consumers in smaller cities?银河官网亚博投注网龙凤女神会所

are catching up with tier-one and tier-two markets in valuing quality over price.

?银河官网亚博投注网龙凤”In this context, even as social network seems to be the missing piece of the puzzle for Ali

baba, the vast consumer market is not necessarily a zero-sum game,” Cao said, a

dding that various players can expand the pie together using respective growth strategies.

Traditional?银河官网亚博投注网龙凤 Chinese culture is highlighted in the new textbooks on Chinese, hist

ory and ideology and politics for senior high school students in the coming semester.

?银河官网亚博投注网龙凤女神会所”The new Chinese textbooks boast a selection of 67 classic works of ancient poetry

and prose that account for 49.3 percent of all articles,” said Wen Rumei, editor-in-chief of the new Chinese te

xtbooks, at a press conference held by the Ministry of Education (MOE) on Tuesday.?银河官网亚博投注网龙凤

Besides content on politics, the economy, society and the rule of law, the ideology and

politics textbooks also attach importance to traditional Chinese culture.?银河官网亚博投注网龙凤

“The textbooks offer a systematic exposition on traditional Chinese culture, ranging f

rom its origin, features and contemporary values to representative personages and i?银河官网亚博投注网龙凤

mportant ideologies,” said Zhang Yibin, editor-in-chief of the ideology and politics textbooks.

?银河官网亚博投注网龙凤女神会所The history textbooks will help students grasp the laws of history, pursu

e core socialist values and learn fine traditional Chinese culture, said Zhang Haipeng, edit

or-in-chief of the history textbooks.The quintessence of traditional Chinese culture can be found in the history?银河官网亚博投注网龙凤

textbooks, including more than 100 great names in history, more than 80 classic works c

overing philosophy, technology, literature and law, over 50 major inventions as wel?银河官网亚博投注网龙凤女神会所

l as over 40 works of calligraphy art, painting, music, dance and sculpture, Zhang said.

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China won’t give in to extreme pressure by the United States on tariffs and will firml

y defend its core interests, as it has sufficient countermeasures available, experts said.银河官网亚博投注网419品茶微信

The reaction came after the Ministry of Commerce expressed strong opposition on Saturday

银河官网亚博投注网419to a new threat of additional tariffs by the US on about $550 billion worth of Chinese imports. The ministry urge

d Washington to reverse course immediately or be prepared to “bear all the consequences”.

The fresh retaliatory threat by the US violates the consensus reached between the count银河官网亚博投注网419品茶微信

ries’ top leaders and severely undermines the multilateral trading system and normal international trade o

rder, the ministry said, adding that Washington will eat the bitter fruit of its own actions.

银河官网亚博投注网419Gu Xueming, head of the ministry’s Chinese Academy of International Trade and Economic Cooperation, said none of the ex

treme pressure tactics and intimidation by the US will work with China, which will unswervingly protect itself.

In the future, the country’s countermeasures will be more rational, firmer and more powerful, Gu said at a seminar in Beijing on Sunday.银河官网亚博投注网419品茶微信

Noting that cooperation is the only correct choice, Gu said he hoped the US will see the situation clearly, give up its illu

sions and resolve its differences with China under the principle of mu银河官网亚博投注网419

tual benefit and respect. Any agreement must be acceptable to both sides, Gu said.

Bai Ming, a senior researcher at the acad

银河官网亚博投注网419emy, said China has sufficient tools in its toolbox to use to counter the US adm

inistration’s unilateral tariff actions. The “quality” of the tools matters most, he said.

On Friday, the US administration said it will hike duties on $250 billion worth of Chinese银河官网亚博投注网419

goods from the current 25 percent to 30 percent beginning on Oct 1, and the re

maining imports of $300 billion from the previously planned 10 percent to 15 percent on Sept 1.

The move followed Beijing’s plan on Thursday to raise银河官网亚博投注网419品茶微信

tariffs on $75 billion worth of US goods in a response to the US side’s planned levies on a

n additional $300 billion worth of Chinese imports, announced earlier this month.

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outh Korea from its whitelist citing a security problem caused by the damaged trust betw

een the two countries, noting that the removal caused a “grave change” in security cooperation between the two sides.银河官网亚博投注网千花网女神会所

The Blue House official said the government came to a conclusion that it does not ser

银河官网亚博投注网千花网ve national interests to keep exchanging sensitive military information with Japan.

The decision was made amid the rising trade dispute between Seoul and

Tokyo, caused by Japan’s tightened control last month on its export to South Korea of three银河官网亚博投注网千花网女神会所

materials vital to produce memory chips and display panels, which are the mainstay of the South Korean export.

Earlier this month, Japan dropped South Korea off its whitelist of trusted trading partners that are given preferential exp银河官网亚博投注网千花网

ort procedure. In response, Seoul took Tokyo off its whitelist of trusted export partners.

The fifth Nepal-India Joint Commission meeting has begun in the Nepali capital Kathma银河官网亚博投注网千花网

ndu to discuss bilateral relations between the two countries, authorities of Nepal and India said here.

银河官网亚博投注网千花网女神会所Foreign Minister of Nepal Pradeep Kumar Gyawali and his Indian counterpar

t Subrahmanyam Jaishankar co-chaired the delegation-level meeting which kicked off on Wednesday.

The meeting aimed at reviewing the overall state of bilateral relatio银河官网亚博投注网千花网

ns, and various areas of cooperation such as connectivity and economic partnership, trade

and transit, power and water resources sectors, culture, education and other m

atters of mutual interest, according to a press statement issued by the Ministry of Foreign Affairs of Nepal.银河官网亚博投注网千花网女神会所

“Productive discussions with FM Gyawali at the 5th India-Nepal Joint Commission Mee

ting. Comprehensively reviewed our bilateral relations and identified priority areas for cooperation,” Indian External A

ffairs Minister Jaishankar said on Twitter after the conclusion of the first day of the meeting.

www.ax148.cn

brace a fresh new bout of business that capitalizes on its long-cherished advantages in the financial industry and uniq

ue status as the bridge connecting the Chinese mainland and the outside world,” Chen said.?银河官网亚博投注网千花网

“The story is not about whether the rise of Shenzhen will make Hong Kong’s advantages o

bsolete and abandon the city to its fate. Instead, it is all about Hong Kong and Shenzhen, a pair of cities that ar?银河官网亚博投注网千花网女神会所

e highly complementary, joining hands to make a bigger cake of shared interest,” he added.

Terence Chong Tai-leung, the executive director of Chinese University o

f Hong Kong’s Lau Chor Tak Institute of Global Economics and Finance, envisions

Hong Kong and Shenzhen striving to build a financial center targeting the Greater Bay Area.?银河官网亚博投注网千花网女神会所

“While Hong Kong could focus on the equity market, Shenzhen could eye the gold an

?银河官网亚博投注网千花网d commodities market to cement a comprehensive financial market in the region that can rival New York and Lon

don, thus boosting the financial service industry’s talent flow in the region,” Chong said.

In the innovation and technology sector, Shenzhen also offers many opportu

?银河官网亚博投注网千花网女神会所nities for Hong Kong entrepreneurs, said Simon Lee Siu-po, senior lecturer at Chi

nese University of Hong Kong’s International Business and Chinese Enterprise Program.

银河官网亚博投注网银河官网亚博投注网Lee also expected there will be enhanced flow of talent across the border in such areas?银河官网亚博投注网千花网

as the legal profession, risk management, event management and marketing.

China’s first cloned police dog, an 8-month old Kunming wolfdog named Kun

xun, passed the police dog assessment on Thursday and is now ready for work, Xinhua reported.

?银河官网亚博投注网千花网女神会所In early March, Kunxun arrived at the Kunming Police Dog Base in Southwest China

‘s Yunnan province, where it participated in a professional police dog training program.

Born on Dec 19, 2018, Kunxun was cloned from Huahuangma, a seven-year-old female Kun

ming wolfdog on duty at the Pu’er police station in Yunnan province. Known for its first-class field work?银河官网亚博投注网千花网女神会所

abilities, Huahuangma is considered an outstanding canine detective. According to a genetic test by a thir

d-party testing institution, Kunxun’s DNA is 99.9 percent identical to Huahuangma’s.

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runner-up, Ne Zha tells a story that is an integral part of traditional

Chinese culture. But instead of simply telling the story once again with modern tec?银河官网亚博投注网千花坊

hnology, the new film has rewritten the story so it better reflects the values of modern society.

?银河官网亚博投注网千花坊T女神会所he somewhat violent parts in the old story, as well as the parts that promote personal reven

ge, have been deleted and replaced by scenes that promote sincerity toward each other.

That’s partly why Ne Zha’s daily ticket sales rose day by day in the first fe?银河官网亚博投注网千花坊

w days. It has appealed to the hearts of the modern audiences with values acceptable to

?银河官网亚博投注网千花坊them. No wonder they have given it high-approval and are willing to recommend it to others.

In other words, Ne Zha’s success lies, to a large extent, on its ability to make traditio

nal Chinese culture relevant to modern society. Ne Zha has not been screened over?银河官网亚博投注网千花坊女神会所

seas yet, but there is ample reason to believe the film will be able to move the hearts of overseas audiences, as o

n social media networks there are already comments anticipating its arrival.

There are plenty of stories like that of Ne Zha which can appeal to modern audiences if well told in a modern w?银河官网亚博投注网千花坊

ay.Business sectors in adjacent Hong Kong say ‘win-win’ pilot zone can sharpen their edge

The vision to transform Shenzhen to become the country’s pilot zo

ne for socialism has been applauded by various business sectors in Hong Kong, as the cit?银河官网亚博投注网千花坊女神会所

y is poised to reap the benefits by enriching the practice of “one country, two systems.”

The Central Committee of the Communist Party of China and the State Council, China’s Ca

binet, issued the guideline on Sunday to support Shenzhen, adjacent to the Hong Kong Special Administrative Re

gion, in building a demonstration pilot zone for socialism with Chinese characteristics.

Under the guideline, Shenzhen is vying to become a modern, inter

national and innovative city by 2035 through boosting efficient flow

s of personnel, capital, technology and information between Shenzhen, Hong Kong and

Macao, thus helping to better develop the Guangdong-Hong Kong-Macao Greater Bay Area blueprint.

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seminars, salons, book launches and many others.

One day before the opening of BIBF, the 13th Special Book Award of China was held in Beijing银河官网亚博投注网夜生活

to honor 15 foreign writers, translators and publishers who have helped spread Chinese culture.

银河官网亚博投注网夜生活女神会所Romanian translator Ioan Budura was one of the award winners. He said he felt enc

ouraged by the honor and wanted to “continue supporting the communication betwe

en China and Romania” in the future. Romania is also featured as the guest of honor of the fair this year.银河官网亚博投注网夜生活

A Beijing International Publishing Forum was also held on

Aug 20 to discuss how to improve the quality of publishing content and promotion.

银河官网亚博投注网夜生活女神会所A Hong Kong pavilion has also been opened at the book fair despite the special administrative region’s recent troubles.

“It is Hong Kong’s ninth visit to BIBF, and we want to exchange Hong

Kong’s creations with people in the publishing business and with readers through this o银河官网亚博投注网夜生活

pportunity,” said Lee Ka Kui, chairman of Hong Kong Publishing Federation Limited.

Lee admits the recent chaos in Hong Kong has negatively affected publishing th

ere since many retail bookstores have closed and much fewer people attended the H银河官网亚博投注网夜生活女神会所

ong Kong Book Fair that was held on July 17-23. He hopes violence will cease and communication will continue.

This time, 66 Hong Kong companies brought over 2,000 books and other works. One feature of their pavilion is a cre银河官网亚博投注网夜生活

ation corner showcasing many STEM books – about science, technology, engineering and mathematics.

“It seems STEM books are quite popular in the world now, and we want to follow that trend,” Lee said.

银河官网亚博投注网夜生活女神会所The pavilion also contains an artistic and cultural zone exhibiting some Cantonese books.

“I hope we will bring more Chinese mainland writers and books to Hong Kong, and vice versa,” Lee said.

The establishment of a national ethics committee on science and technology will i银河官网亚博投注网夜生活

mprove supervision and ensure they develop along the right path, experts said.

“There have long been calls to set up a top-level ethics committee to银河官网亚博投注网夜生活女神会所

enable unified supervision of scientific research,” said Zhai Xiaomei, deputy dir

ector of the National Health Commission’s Expert Committee on Medical Science Ethics.

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