Supported by the la上海乌托邦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上海乌托邦

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.

上海乌托邦品茶微信”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上海乌托邦

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上海乌托邦品茶微信

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

上海乌托邦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.上海乌托邦

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

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

上海乌托邦Exchange Reserves, or COFER, an International Monetary Fund database, in 2015.

According to COFER, which keeps quarterly data on the currency composition of official上海乌托邦品茶微信

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

Rioters removed raili上海千花坊m roads and used wa

ter-filled barriers, bamboo sticks, traffic cones and other objects to set up barriers against the police.

They hurled gasoline bombs and bricks dug up from the pavement at p上海千花坊

olice officers, also pointing laser beams at them. Police condemned the violence.

上海千花坊After repeated warnings, riot police used tear gas and used minimum force to disperse the protesters after 5 pm.

The police also deployed for the first time their new crowd control vehicle with a water cannon.上海千花坊女神会所

At about 7 pm, a China Daily photographer’s camera lens was broken by a thrown

brick. The crowd gradually dispersed after 7 pm. Police arrested some protesters.上海千花坊

As normalcy returned, with public transport service resuming in the eastern Kowloon district

上海千花坊女神会所of Kwun Tong on Sunday, the scars of the previous day’s violent clashes on the streets remained.

Railway service at various stations resumed along the Kwun Tong

Line, including Kwun Tong, Ngau Tau Kok and Kowloon Bay stations, and most local上海千花坊

stores reopened. Black, abusive graffiti scrawled on roads and walls of buildings wer

上海千花坊女神会所e a grim reminder of Saturday’s violence, which had shattered the previous weekend’s relative calm.

In Kowloon Bay on Sunday, the scene of fierce clashes between demo

nstrators and police, a sea of refuse left by protesters-including broken umbrellas a上海千花坊

nd dismantled barricades-had been cleared up by workers and stood piled on roadsides.

上海千花坊女神会所Some of the “smart” lampposts on Sheung Yuet Road vandalized on Saturday were now protected by traffic cones.

Black-clad, masked protesters had sawed off the new lampposts on Sat

urday. City officials said each “smart” lamppost cost about 上海千花坊HK$140,000($17,850).

Residents were enraged. A security guard at a building on Tai Yip

上海千花坊女神会所Street-the scene of violent rioting on Saturday-said the building

and some nearby shops and garages were closed on Saturday, and some remained closed on Sunday.

www.headun.cn

According to market 上海千花网cy iiMedia Research

 percent of consumption in China occurs at night. In the past three years

, the country’s nighttime consumption has grown by 17 percent on average.上海千花网女神会所

Authorities nationwide recently unveiled plans to “light up” cities after dusk. In Beijing, a series of policies were rolled

上海千花网out last month to encourage after-dusk economic activities, including extending the oper

ating hours of several subway lines every Friday, Saturday and Sunday, and later closi

ng hours at tourist spots, museums, sports grounds and art galleries.Longer hours上海千花网女神会所

This month, Shanghai announced a list of cultural activities and tour routes, with 10

5 scenic spots, art galleries, museums and memorials across the city extending their

上海千花网business hours, or presenting special late-night shows or night-tour programs.

Convenience store chain Bianlifeng, which was established in Dece

mber 2016, has already benefited from 24-hour operation at all its more than 800 outlets.上海千花网

Zhou Zhou, director of the company’s daily distribution operation

s, said nighttime consumption has great potential, and all Bianlifeng outlets have

上海千花网女神会所performed well after dusk. He cited a store near the Third North Ring Road in Bei

jing, whose post-10 pm sales account for about 30 percent of those for the entire day.

“In areas such as Zhongguancun, where there are many internet enterprises, convenie上海千花网

nce stores act as late-night canteens for company employees who frequently work late,”

he said. “In some stores, the number of consumers at about midnight will account for 25上海千花网女神会所

percent of the peak in the daytime. A majority of them are born after the 1990s.”

However, Zhou said that while nighttime consumption in the bustling business district is strong, in s上海千花网

ome communities, people are still not aware of the benefits of buying after dark.

Jiang said China has obvious advantages in developing it上海千花网女神会所

s nighttime economy, with high security levels in cities at nig

ht and a large number of consumers. But such development is still in the early stages.

avnfi.cn

First- and second-tier 上海后花园rpass others in terms

s of the number of listed companies, invention patents granted, traffic and location, public resources (including qualit

y education, medical resources and urban rail transit) and absolute purchasing power. However, these cities need上海后花园

to do more when it comes to the ratio of housing price to income as well as housing supply, the report said.

上海后花园A Shantou University freshman trekked more than 1,300 kilometers from her hometow

n in Central China’s Hunan province to the university in South China’s Guangdong province.上海后花园女神会所

Nineteen-year old Lu Yue, together with her father and younger sister, arrived at Shantou University on Wednesday mo

rning after a 26 day-long trek. She will study marketing at the university’s School of Business.

The trek is actually the result of an agreement between Lu Yue and her father, Lu Qingfeng. Before this year’s coll上海后花园女神会所

ege entrance exam, Lu Qingfeng proposed to his daughter that if she got admitted to a university, wherever it was, they

上海后花园would trek to the university. Lu Yue agreed and later her younger sister decided to join them.

A workout enthusiast himself, Lu Qingfeng pays much attent

ion to his daughters’ physical exercise. He has been running for nearly 10 years.上海后花园女神会所

Regular exercise gives his daughters stronger bodies than their peers, as well as their sunny and optimistic dispositions.

Lu Qingfeng planned a “red route” for their trek, featuring visits to sit上海后花园

es with a revolutionary legacy, including Yiyang Martyrs’ Memorial Park, the former ho

mes of Mao Zedong, Peng Dehuai and Liu Shaoqi, Hengshan Mountain and Jinggang Mountain.上海后花园女神会所

To cultivate Lu Yue’s ability to deal with people and things, Lu Qing

上海后花园feng had Lu Ye make arrangements for meals and lodging throughout their travel.

The trio walked about 30 km on average per day. Lu Yue’s skin sunt

anned when she finally reached their destination, but she didn’t seem to care.上海后花园女神会所

“The journey has taught me many things that cannot be learned from books an

d made me more independent. I think this is the true meaning of the trek,” she said.

www.gzbbcl.com

A resident whose sur上海乌托邦 Chen said the prote

protesters stuck stickers on the rail card readers at the

gates so the commuters won’t be able to swipe their rail cards to exit the station.上海乌托邦

Chen said he and other passengers left the station through a security exit.

Lilly Wang, another resident, said she took a bus to reach home after learning about the situatio上海乌托邦品茶微信

n at the Yuen Long station. But the bus had to halt near the Long Ping Station, about 1.4 kilometers from the

上海乌托邦Yuen Long station, at the road ahead was blocked. She spent another 20 minutes walking home.

Rail services at the station resumed on Thursday morning, but the damage at the station was quite visible, according to Wa

ng. Fire extinguishers were discharged by the protesters, and garbage bins were pushed over.上海乌托邦

In order to develop into a demonstration pilot zone for socialism with Chinese characte

上海乌托邦品茶微信ristics that would strengthen democracy and rule of law, facilitate the flow of foreign talents and nurture an intern

ational financial hub, Shenzhen has to expand cooperation with the Hong Kong Special Administrative Region.

The Communist Party of China Central Committee and the State Council, China’s Cabinet, recently issued a guidance on sup上海乌托邦

porting Shenzhen in building the demonstration pilot zone for socialism with Chinese characteristics.

上海乌托邦Shenzhen’s expanded cooperation with Hong Kong will also lay a solid fo

undation for the overall development of the Guangdong-Hong Kong-Macao Grea

ter Bay Area. The demonstration pilot zone is also projected to play a leading role in the Greater Bay Area.上海乌托邦品茶微信

Just more than 30 years ago, Hong Kong residents used to be reluctant to visit neighboring Shenzhen. It was not only the complica

ted clearance procedure at the border, which took at least two to three hours, but also the backwardness of the上海乌托邦

then small fishing village which dissuaded the Hong Kong residents from visiting Shenzhen.

Today, Hong Kong residents marvel at the pace and ease with which Shenzhen has transformed into上海乌托邦品茶微信

a global innovation center, offering more opportunities and oozing more vitality than Hong Kong.

gzbbam.com

The essential feature上海千花坊alism with Chinese

characteristics is the leadership of the Party, which plays a central role in co

ordinating the overall situation, he said, citing Shen­zhen as a good example of ha上海千花坊

ndling the relationship between market and government since China’s reform and opening-up began.

上海千花坊女神会所Early this week, Washington will review its decision on Huawei as scheduled. It put the co

mpany on its export-control list on May 15, delaying the restrictions for three months from May 21.

Although it might be the US suppliers of Huawei that care more about the outcome than the Chinese telecommu上海千花坊

nications giant itself, the US should not try to hold Huawei hostage to try and force China into agreeing to an unfair trade deal.

Huawei is confident that no power can hold back the pace with which the world wil上海千花坊女神会所

l step over the threshold into the 5G era and equally sure of its leadership advanta

ges in that technology, which come from its innovation and foresight. It spends about $20 billion a year on research a上海千花坊

nd development, and it has reportedly already begun research on the next generation 6G telecommunications technology.

Its profitability has endowed its vision with practical meaning. In the first half of this year,上海千花坊女神会所

its sales revenue reached 401.3 billion yuan ($57 billion), up 23.2 percent year-on-year, realizing a net profit of a

bout $5 billion — last year the company’s annual net profit was about $8.4 billion.

上海千花坊Indeed, Ren Zhengfei, founder and CEO of Huawei, in his most recent

media interview, even thanked the US for letting the world know how good Huawei is.

Despite this, the US government should take the opportunity to rethink its decision on Huawei.上海千花坊女神会所

However, all the signs suggest the US will not change its mind. Meng Wanzhou, Huawei’s chief financial officer, is still being detaine

d by Canada at the request of the US, and there has been no indication she will be released.

lianweicms.cn

Serving the people: 上海夜网mission alivectures in front

Party motto inspired by young soldier keeps educating members in new era

XI’AN-Serving the people wholeheartedly-this is

the motto of the Communist Party of China (CPC), the world’s largest ruling party. 上海夜网

In an education campaign themed “stay true to our founding mission”, which has been carried out nationwide since May, all CPC

members and officials are required to bear in mind the phrase and act accordingly. 上海夜网女神会所

The expression “serving the people” originated from a speech by late Chinese leader Ma

o Zedong in September 1944 in memory of a soldier, Zhang Side, renowned for

his lofty morality for serving the people wholeheartedly and sacrificing for the benefit of the people. 上海夜网

The speech has had a profound impact on the history of the CPC, and “serv

 上海夜网女神会所ing the people wholeheartedly” became the fundamental purpose of the Party.

Seventy-five years on, Zhang’s stories have been eulogized by generations of Chinese, and his spirit has been passed on.

Role modelBorn in an impoverished peasant family in Sichuan province in 1915, Zhang joined the New Fourth Army in 上海夜网

1933 and the CPC four years later. Throughout the Long March, Zhang fought bravely in battles and was injured seve

ral times. He also worked very hard while in Yan’an, a revolutionary base of the CPC in the 1940s.

On Sept 5, 1944, Zhang was working in a kiln with several soldiers when suddenly, the kiln coll 上海夜网女神会所

apsed. Zhang pushed a soldier out of the kiln, resulting in him being buried. He died at the age of 29.

yeaste.cc

The GDP of Chongqi上海千花网d Tianjin municipaliti

ties for the first time surpassed 1 trillion yuan in the half y

ear period, hitting 1.03 trillion yuan and 1.04 trillion yuan, respectively.上海千花网

In 2018, a total of 16 cities achieved a whole-year GDP of more than 1 trillion yuan. Fos

上海千花网女神会所han in Guangdong province and Jinan in Shandong province are expected to join the 1 trillion yuan GDP club this ye

ar, with their GDP reaching 479.52 billion yuan and 479.17 billion yuan in H1, respectively.

Fifteen of the top 100 cities are from East China’s Shandong province, the most among all provincial-level regions. F上海千花网

ollowing it, Jiangsu, Guangdong and Zhejiang provinces have 13, 11 and 8 cities on the list, respectively.

Similar to the same period last year, no cities from Hainan, Qinghai provinces, Ni上海千花网女神会所

ngxia Hui autonomous region, or Tibet autonomous region are on the top 100 list.

China’s central and western cities are leading on GDP growth in H1. More than two-thirds of the 280 cities that have dis上海千花网

closed economic growth outperformed the national GDP growth rate of 6.3 percent in H1 and they are m

ainly from Yunnan, Guizhou, Anhui provinces and Guangxi Zhuang autonomous region.

Among the 13 cities whose real GDP growth rate surpassed 10 percent上海千花网女神会所

in H1, all except Fujian province’s Ningde come from the central and western regions.

Southwest China’s Yunan province, posting t上海千花网he strongest GDP growth in H1 amon

g 31 provincial-level regions, has seven cities registering a GDP growth of 10 percent or above.

The report collected statistics released by 282 cities that have published上海千花网女神会所

their economic semi-annual reports as of Monday. Hong Kong and Macao special ad

ministrative regions and Taiwan were not involved in the statistical analysis.

87877777.com

are dancing is an an上海后花园noyance no more in

The move has impressed many in the neighborhood. A female reside

nt surnamed Wen, owner of a snack counter opposite the square, has witnessed s上海后花园

everal conflicts in the past and said she’s very happy the seniors have solved the problem.

上海后花园女神会所Before the new technology was put into use, some dancers worried whether wearing a headset is harmful to their ears or

whether they could all hear the same music at the same time. They found this wasn’t a problem at all.

Originally a small team with a few dozen people when it was founded nine years ago, the Nanning上海后花园

Dream Team is now a large square dance group with 121 members. Members are from Guangxi, Sh

andong, Chongqing and other places and are all retirees above 50, with the oldest 82 years old.

Their daily hour-long square dances are held from 8-9 pm.上海后花园女神会所

Besides their regular evening dancing, the dancers also enter will provincial dance competitions in Guangxi and travel together.

上海后花园Many Chinese netizens and media accounts have forwarded video of the Nanning Dream Team square dancing w

ith their headsets to support them, thinking it is a practice worth expanding nationwide.

he average income of tourism employees in Hong Kong has slumped by nearly上海后花园女神会所

80 percent year-on-year over the past two months, while more than 10 percent of to

urism employees had zero income, a joint survey by three tourism trade unions in the city found.上海后花园

The results of the survey, which was conducted in early August, were released on Mo

nday. A total of 1,012 workers in Hong Kong’s tourism sector completed the survey questionnaire.上海后花园女神会所

Respondents said that compared with the same period last year, on average, the number of tour groups they received d

ropped more than 70 percent and their earnings were down by about 75 percent since this June. Among them, 40 percent sa

w a fall of more than 90 percent in income and more than 10 percent had no income at all.

leoville-barton.cn

This has actually contribut上海龙凤1314o maintaining the

g the order of the international financial community,” Liu said.

Zhang Xiaohui, a senior researcher for the CF40 and a former assistant governor of the Chinese central bank, said, “The IMF concl上海龙凤1314

usion is objective and reflects that the yuan was assessed to be broadly in line with medium-term fundamentals.”

上海龙凤1314品茶微信Besides refraining from competitively depreciating its own currency, China has also b

een committed to promoting international currency policy coordination, said Zhu, the bank official.

President Xi Jinping announced at the Second Belt and Road Forum for International Cooperation in Beijing in April tha上海龙凤1314

t China will more effectively engage in international macro-economic policy coordination, including more improve

ments to the exchange rate regime, to ensure that the market plays a decisive role in resource allocation.

According to the IMF news release on Friday, its executive directors agreed that grea

上海龙凤1314品茶微信ter exchange rate flexibility and deeper and better-functioning foreign exchange

markets would help China’s financial system be more capable of dealing with capital flow volatility.

Chen Yuan, chairman of the CF40 Executive Council and former上海龙凤1314

vice-chairman of the Chinese People’s Political Consultative Conference, ca

utioned that China needs to prepare for long-term disputes, including in the field of finance.

Chen suggested increasing yuan-denominated settlements in global comm上海龙凤1314品茶微信

odity trade and accelerating the internationalization of the yuan to reduce reliance on the dollar.

Zhou Xiaochuan, chairman of the China Institute of Finance and a former c

上海龙凤1314entral bank governor, said at the CF40 forum over the weekend that China may have to take

countermeasures in the face of any tariff or nontariff barriers imposed against the country.

It was not manipulation but market forces that pushed the recent depreciation of the yuan against the gree上海龙凤1314品茶微信

nback, said Phil Levy, chief economist at Flexport, a San Francisco-based logistics company.

“It is difficult to argue that a failure to intervene against those market forces constitutes currency manipulation,” he said.

hebeishengxin.cn